Natixis Advisors LLC Purchases 710 Shares of WD-40 (NASDAQ:WDFC)

Natixis Advisors LLC increased its position in WD-40 (NASDAQ:WDFC) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,829 shares of the specialty chemicals company’s stock after purchasing an additional 710 shares during the quarter. Natixis Advisors LLC owned approximately 0.63% of WD-40 worth $21,876,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in WD-40 during the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of WD-40 during the 1st quarter worth about $34,000. Advisors Asset Management Inc. bought a new stake in shares of WD-40 during the 1st quarter worth about $43,000. Covestor Ltd grew its stake in WD-40 by 57.7% in the 1st quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 79 shares during the last quarter. Finally, Blue Trust Inc. bought a new position in WD-40 in the 2nd quarter valued at about $67,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Price Performance

Shares of WD-40 stock opened at $278.66 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 54.53 and a beta of -0.08. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. The company has a 50-day simple moving average of $263.00 and a two-hundred day simple moving average of $247.52.

WD-40 (NASDAQ:WDFC) last released 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). The business had revenue of $156.00 million during the quarter, compared to analyst estimates of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Analysts forecast that WD-40 will post 5.36 EPS for the current year.

WD-40 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, October 18th. WD-40’s payout ratio is currently 68.88%.

Analyst Upgrades and Downgrades

A number of brokerages have 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. Jefferies Financial Group boosted their price target 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 Activity at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total transaction 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 represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is owned by insiders.

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.