Forvis Mazars Wealth Advisors LLC Invests $270,000 in WD-40 Company $WDFC

Forvis Mazars Wealth Advisors LLC bought a new position in shares of WD-40 Company (NASDAQ:WDFC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,182 shares of the specialty chemicals company’s stock, valued at approximately $270,000.

Other large investors have also bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in WD-40 in the second quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its stake in WD-40 by 210.6% in the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 99 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of WD-40 by 420.0% during the first quarter. Farther Finance Advisors LLC now owns 156 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 126 shares in the last quarter. Blue Trust Inc. increased its position in shares of WD-40 by 656.4% during the first quarter. Blue Trust Inc. now owns 295 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 256 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of WD-40 by 49.3% during the first quarter. Covestor Ltd now owns 306 shares of the specialty chemicals company’s stock worth $75,000 after acquiring an additional 101 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on WDFC. DA Davidson decreased their target price on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.00.

WD-40 Stock Performance

Shares of WDFC stock opened at $193.07 on Tuesday. The stock has a market cap of $2.61 billion, a P/E ratio of 30.40 and a beta of 0.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02. The company has a fifty day moving average price of $207.70 and a two-hundred day moving average price of $222.39. WD-40 Company has a one year low of $188.43 and a one year high of $292.36.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 20th will be paid a $0.94 dividend. The ex-dividend date is Monday, October 20th. This represents a $3.76 dividend on an annualized basis and a yield of 1.9%. WD-40’s dividend payout ratio (DPR) is currently 59.21%.

WD-40 Profile

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.