Prospera Private Wealth LLC Acquires Shares of 920 WD-40 (NASDAQ:WDFC)

Prospera Private Wealth LLC acquired a new stake in shares of WD-40 (NASDAQ:WDFC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 920 shares of the specialty chemicals company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WDFC. V Square Quantitative Management LLC acquired a new stake in shares of WD-40 in the third quarter valued at $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of WD-40 in the first quarter valued at $34,000. Advisors Asset Management Inc. acquired a new stake in shares of WD-40 in the first quarter valued at $43,000. Covestor Ltd increased its stake in shares of WD-40 by 57.7% in the first quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 79 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in WD-40 in the second quarter worth about $67,000. 91.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. DA Davidson reiterated a “buy” rating and issued a $322.00 price objective on shares of WD-40 in a research report on Monday. Jefferies Financial Group boosted their target price on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, October 18th.

WD-40 Price Performance

WD-40 stock opened at $277.62 on Thursday. The firm has a market capitalization of $3.76 billion, a P/E ratio of 54.33 and a beta of -0.08. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The business has a 50-day moving average of $263.89 and a 200-day moving average of $248.20. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.11). WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The business had revenue of $156.00 million for the quarter, compared to the consensus estimate of $149.20 million. During the same quarter last year, the firm earned $1.21 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that WD-40 will post 5.36 EPS for the current year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, October 18th. WD-40’s payout ratio is 68.88%.

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 that occurred on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the sale, the director now owns 7,999 shares in the company, valued at approximately $2,317,310.30. The trade was a 11.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

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.