WD-40 (NASDAQ:WDFC) Stock Holdings Decreased by Westhampton Capital LLC

Westhampton Capital LLC lessened its holdings in WD-40 (NASDAQ:WDFC) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,682 shares of the specialty chemicals company’s stock after selling 50 shares during the period. WD-40 accounts for approximately 2.1% of Westhampton Capital LLC’s holdings, making the stock its 10th biggest position. Westhampton Capital LLC owned about 0.12% of WD-40 worth $4,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of WD-40 in the third quarter worth about $29,000. Covestor Ltd boosted its stake in WD-40 by 41.3% in the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 66 shares during the period. GAMMA Investing LLC grew its holdings in WD-40 by 34.9% during the 3rd quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock valued at $84,000 after buying an additional 84 shares in the last quarter. Blue Trust Inc. raised 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 valued at $101,000 after buying an additional 88 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of WD-40 by 28.6% in the third quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock worth $115,000 after buying an additional 99 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th. DA Davidson restated a “buy” rating and set a $322.00 price objective on shares of WD-40 in a research report on Monday.

Insider Buying and Selling at WD-40

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

WD-40 Stock Down 1.5 %

Shares of WDFC opened at $232.61 on Thursday. The business’s 50 day simple moving average is $252.36 and its 200-day simple moving average is $257.45. WD-40 has a 1 year low of $211.03 and a 1 year 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 stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 44.56 and a beta of -0.04.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. During the same quarter last year, the business earned $1.28 earnings per share. WD-40’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts expect that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.94 per share. This is a boost from WD-40’s previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, January 17th. WD-40’s payout ratio is presently 72.03%.

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.