Eagle Asset Management Inc. Has $12.46 Million Stake in WD-40 (NASDAQ:WDFC)

Eagle Asset Management Inc. boosted its holdings in WD-40 (NASDAQ:WDFC) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,896 shares of the specialty chemicals company’s stock after buying an additional 1,293 shares during the period. Eagle Asset Management Inc.’s holdings in WD-40 were worth $12,460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WDFC. Vanguard Group Inc. boosted its position in shares of WD-40 by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock worth $411,374,000 after purchasing an additional 6,532 shares during the last quarter. Quest Partners LLC bought a new position in WD-40 during the second quarter worth about $547,000. Algert Global LLC grew its position in shares of WD-40 by 173.2% during the 2nd quarter. Algert Global LLC now owns 4,820 shares of the specialty chemicals company’s stock worth $1,059,000 after buying an additional 3,056 shares during the period. Bleakley Financial Group LLC increased its stake in shares of WD-40 by 2.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,079 shares of the specialty chemicals company’s stock valued at $1,052,000 after acquiring an additional 115 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of WD-40 by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 307,097 shares of the specialty chemicals company’s stock valued at $67,452,000 after acquiring an additional 5,893 shares during the period. 91.52% of the stock is owned by institutional investors.

WD-40 Trading Up 2.1 %

NASDAQ:WDFC opened at $283.95 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70. The business’s 50-day simple moving average is $265.48 and its 200-day simple moving average is $248.96. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The stock has a market capitalization of $3.85 billion, a PE ratio of 55.57 and a beta of -0.08.

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

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, October 18th. WD-40’s dividend payout ratio is 68.88%.

Analyst Ratings Changes

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

Insider Activity

In other WD-40 news, Director William B. Noble sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the sale, the director now owns 7,999 shares in the company, valued at approximately $2,317,310.30. The trade was a 11.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

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.