WD-40 (NASDAQ:WDFC) Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY cut its stake in shares of WD-40 (NASDAQ:WDFC) by 11.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 911 shares of the specialty chemicals company’s stock after selling 120 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in WD-40 were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its holdings in WD-40 by 209.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,672 shares of the specialty chemicals company’s stock worth $401,000 after buying an additional 1,132 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of WD-40 by 42.4% in the third quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company’s stock worth $4,133,000 after acquiring an additional 4,775 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of WD-40 by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock worth $37,512,000 after acquiring an additional 3,960 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of WD-40 by 115.3% in the fourth quarter. Pacer Advisors Inc. now owns 859 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 460 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of WD-40 by 24.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company’s stock valued at $13,913,000 after purchasing an additional 10,711 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Trading Up 0.7 %

WDFC opened at $238.62 on Friday. The stock has a market capitalization of $3.23 billion, a PE ratio of 45.71 and a beta of -0.05. The firm’s fifty day moving average price is $235.90 and its 200 day moving average price is $254.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36.

WD-40 (NASDAQ:WDFC) last issued 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. 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 for the quarter, compared to analyst estimates of $147.40 million. During the same quarter in the prior year, the business posted $1.28 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $0.94 per share. This is a positive change from WD-40’s previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, January 17th. WD-40’s dividend payout ratio is currently 72.03%.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “buy” rating and issued a $322.00 target price on shares of WD-40 in a research report on Monday, January 27th.

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.