Nwam LLC Invests $258,000 in WD-40 (NASDAQ:WDFC)

Nwam LLC bought a new position in shares of WD-40 (NASDAQ:WDFC) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 1,002 shares of the specialty chemicals company’s stock, valued at approximately $258,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Profit Investment Management LLC grew its holdings in shares of WD-40 by 0.3% during the second quarter. Profit Investment Management LLC now owns 16,067 shares of the specialty chemicals company’s stock worth $3,529,000 after purchasing an additional 43 shares during the last quarter. Covestor Ltd grew its holdings in WD-40 by 41.3% during the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 66 shares during the last quarter. Arizona State Retirement System increased its position in WD-40 by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 3,794 shares of the specialty chemicals company’s stock valued at $833,000 after acquiring an additional 68 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of WD-40 by 34.9% in the third quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock worth $84,000 after acquiring an additional 84 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of WD-40 by 28.9% during the third quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company’s stock worth $101,000 after purchasing an additional 88 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Performance

Shares of NASDAQ:WDFC opened at $286.49 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37. WD-40 has a 1-year low of $211.03 and a 1-year high of $292.36. The stock has a market capitalization of $3.88 billion, a P/E ratio of 56.06 and a beta of -0.08. The business has a 50-day moving average price of $265.48 and a two-hundred day moving average price of $249.16.

WD-40 (NASDAQ:WDFC) last posted 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 return on equity of 31.53% and a net margin of 11.79%. The business had revenue of $156.00 million for the quarter, compared to the consensus estimate of $149.20 million. During the same period last year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts predict that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, October 18th. WD-40’s dividend payout ratio (DPR) is currently 68.88%.

Wall Street Analyst Weigh In

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

Insider Transactions at WD-40

In related news, Director William B. Noble sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total value of $289,700.00. Following the sale, the director now directly owns 7,999 shares in the company, valued at $2,317,310.30. This trade represents a 11.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.75% of the stock is owned by corporate insiders.

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.