Whittier Trust Co. Purchases 1,154 Shares of WD-40 Company $WDFC

Whittier Trust Co. increased its stake in WD-40 Company (NASDAQ:WDFCFree Report) by 2.5% in the second quarter, Holdings Channel.com reports. The firm owned 47,237 shares of the specialty chemicals company’s stock after purchasing an additional 1,154 shares during the quarter. Whittier Trust Co.’s holdings in WD-40 were worth $10,774,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its holdings in WD-40 by 4.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company’s stock worth $256,000 after purchasing an additional 48 shares in the last quarter. KBC Group NV increased its holdings in WD-40 by 8.9% during the 1st quarter. KBC Group NV now owns 597 shares of the specialty chemicals company’s stock worth $146,000 after purchasing an additional 49 shares in the last quarter. D.A. Davidson & CO. increased its holdings in WD-40 by 5.9% during the 1st quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 50 shares in the last quarter. Xponance Inc. increased its holdings in WD-40 by 5.4% during the 1st quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company’s stock worth $253,000 after purchasing an additional 53 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in WD-40 by 3.9% during the 1st quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company’s stock worth $362,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

WD-40 Trading Up 2.9%

WD-40 stock opened at $198.58 on Wednesday. The firm has a 50-day moving average of $207.27 and a 200-day moving average of $222.22. WD-40 Company has a one year low of $187.40 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 has a market cap of $2.69 billion, a price-to-earnings ratio of 31.27 and a beta of 0.09.

WD-40 Dividend Announcement

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

Analyst Ratings Changes

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

Check Out Our Latest Analysis on WDFC

About WD-40

(Free Report)

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.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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