One Wealth Advisors LLC Sells 900 Shares of WD-40 Company $WDFC

One Wealth Advisors LLC trimmed its holdings in shares of WD-40 Company (NASDAQ:WDFC) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,596 shares of the specialty chemicals company’s stock after selling 900 shares during the quarter. One Wealth Advisors LLC owned about 0.08% of WD-40 worth $2,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of WD-40 by 36.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,830 shares of the specialty chemicals company’s stock worth $447,000 after purchasing an additional 491 shares in the last quarter. KBC Group NV lifted its position in WD-40 by 8.9% during the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company’s stock valued at $146,000 after purchasing an additional 49 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in WD-40 by 15.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,789 shares of the specialty chemicals company’s stock worth $1,168,000 after buying an additional 645 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of WD-40 by 17.0% in the 1st quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company’s stock worth $114,000 after buying an additional 68 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of WD-40 by 37.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,299 shares of the specialty chemicals company’s stock valued at $563,000 after buying an additional 627 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson cut 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, WD-40 has an average rating of “Moderate Buy” and a consensus price target of $290.00.

WD-40 Trading Down 1.9%

NASDAQ:WDFC opened at $195.27 on Tuesday. WD-40 Company has a one year low of $194.53 and a one year high of $292.36. 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’s 50-day simple moving average is $214.40 and its 200 day simple moving average is $227.39. The firm has a market capitalization of $2.64 billion, a P/E ratio of 30.75 and a beta of 0.13.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.40 by $0.14. The company had revenue of $156.92 million during the quarter, compared to the consensus estimate of $160.60 million. WD-40 had a return on equity of 31.23% and a net margin of 14.13%.WD-40’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $1.46 EPS. As a group, analysts forecast that WD-40 Company will post 5.42 EPS for the current fiscal year.

About WD-40

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.