Radnor Capital Management LLC Invests $1.96 Million in WD-40 (NASDAQ:WDFC)

Radnor Capital Management LLC bought a new position in shares of WD-40 (NASDAQ:WDFC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,600 shares of the specialty chemicals company’s stock, valued at approximately $1,960,000.

Several other institutional investors have also recently added to or reduced their stakes in WDFC. Vanguard Group Inc. lifted its stake in WD-40 by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock valued at $411,374,000 after buying an additional 6,532 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in WD-40 by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company’s stock valued at $82,975,000 after buying an additional 5,381 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in WD-40 by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 307,097 shares of the specialty chemicals company’s stock valued at $67,452,000 after buying an additional 5,893 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in WD-40 by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 142,222 shares of the specialty chemicals company’s stock valued at $31,238,000 after buying an additional 3,458 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in WD-40 by 13.7% in the second quarter. Jupiter Asset Management Ltd. now owns 92,005 shares of the specialty chemicals company’s stock valued at $20,208,000 after buying an additional 11,112 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Price Performance

WD-40 stock opened at $274.02 on Wednesday. WD-40 has a 12 month low of $211.03 and a 12 month high of $278.78. 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 has a 50 day simple moving average of $259.86 and a 200-day simple moving average of $244.42. The stock has a market capitalization of $3.71 billion, a PE ratio of 53.62 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data 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 analyst estimates of $149.20 million. During the same period in the prior year, the company earned $1.21 EPS. The company’s 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, October 18th. WD-40’s dividend payout ratio is presently 68.88%.

Wall Street Analyst Weigh In

WDFC has been the subject of several analyst reports. DA Davidson upped their price target on WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Jefferies Financial Group upped their price target on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th.

Insider Buying and Selling

In related news, Director William B. Noble sold 800 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total transaction of $205,584.00. Following the transaction, the director now owns 8,999 shares of the company’s stock, valued at $2,312,563.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.65% of the stock is currently owned by corporate insiders.

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.