Algert Global LLC Increases Stock Position in WD-40 (NASDAQ:WDFC)

Algert Global LLC boosted its holdings in shares of WD-40 (NASDAQ:WDFC) by 73.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,340 shares of the specialty chemicals company’s stock after buying an additional 3,520 shares during the quarter. Algert Global LLC owned approximately 0.06% of WD-40 worth $2,151,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of WD-40 in the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new stake in WD-40 during the first quarter valued at about $34,000. Advisors Asset Management Inc. purchased a new position in WD-40 in the first quarter valued at about $43,000. Covestor Ltd raised its holdings in WD-40 by 41.3% in the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 66 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in shares of WD-40 during the second quarter valued at about $67,000. Institutional investors own 91.52% of the company’s stock.

Insider Activity

In other WD-40 news, Director William B. Noble sold 800 shares of WD-40 stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total transaction of $205,584.00. Following the completion of the sale, the director now owns 8,999 shares of the company’s stock, valued at approximately $2,312,563.02. The trade was a 8.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WDFC shares. DA Davidson reaffirmed a “buy” rating and issued a $322.00 price objective on shares of WD-40 in a research report on Monday, November 18th. Jefferies Financial Group lifted their price target on shares of WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a report on Friday, October 18th.

WD-40 Trading Down 2.2 %

Shares of NASDAQ:WDFC opened at $280.27 on Wednesday. The business’s 50-day moving average is $266.37 and its 200 day moving average is $249.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The firm has a market capitalization of $3.80 billion, a P/E ratio of 54.85 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.11). The company had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 EPS. On average, research analysts predict that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 annualized dividend and a dividend yield of 1.26%. WD-40’s payout ratio is currently 68.88%.

WD-40 Company 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.