WD-40 (NASDAQ:WDFC) Shares Sold by One Wealth Advisors LLC

One Wealth Advisors LLC cut its holdings in shares of WD-40 (NASDAQ:WDFC) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,396 shares of the specialty chemicals company’s stock after selling 900 shares during the period. One Wealth Advisors LLC’s holdings in WD-40 were worth $3,008,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WDFC. Sei Investments Co. boosted its holdings in WD-40 by 9.0% in the second quarter. Sei Investments Co. now owns 2,966 shares of the specialty chemicals company’s stock valued at $652,000 after purchasing an additional 244 shares during the period. Bank of Montreal Can raised its holdings in WD-40 by 18.9% in the second quarter. Bank of Montreal Can now owns 2,209 shares of the specialty chemicals company’s stock valued at $496,000 after acquiring an additional 351 shares in the last quarter. AQR Capital Management LLC lifted its stake in WD-40 by 76.4% in the second quarter. AQR Capital Management LLC now owns 10,420 shares of the specialty chemicals company’s stock worth $2,289,000 after acquiring an additional 4,513 shares during the last quarter. Millennium Management LLC increased its position in shares of WD-40 by 80.5% in the 2nd quarter. Millennium Management LLC now owns 69,650 shares of the specialty chemicals company’s stock valued at $15,298,000 after purchasing an additional 31,055 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of WD-40 by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,619 shares of the specialty chemicals company’s stock worth $1,673,000 after purchasing an additional 229 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of the company’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 transaction of $289,700.00. Following the completion of the sale, the director now directly owns 7,999 shares of the company’s stock, valued at $2,317,310.30. This represents a 11.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by insiders.

WD-40 Trading Up 0.5 %

NASDAQ WDFC opened at $234.95 on Monday. The firm’s fifty day moving average price is $250.50 and its 200 day moving average price is $257.28. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 45.01 and a beta of -0.05.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. The firm had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS. On average, sell-side analysts expect that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.60%. This is a boost from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, January 17th. WD-40’s payout ratio is presently 72.03%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WDFC shares. DA Davidson reissued a “buy” rating and issued a $322.00 target price on shares of WD-40 in a report on Monday, January 27th. Jefferies Financial Group increased their price objective on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

WD-40 Company 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.