WD-40 (NASDAQ:WDFC) Holdings Decreased by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC cut its position in shares of WD-40 (NASDAQ:WDFC) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,214 shares of the specialty chemicals company’s stock after selling 99 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in WD-40 were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. raised its holdings in shares of WD-40 by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company’s stock worth $321,000 after purchasing an additional 40 shares during the period. Inspire Investing LLC grew its position in shares of WD-40 by 3.8% during the 4th quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company’s stock valued at $402,000 after buying an additional 61 shares during the last quarter. Covestor Ltd raised its stake in WD-40 by 41.3% during the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 66 shares during the period. Curbstone Financial Management Corp lifted its holdings in WD-40 by 1.2% in the fourth quarter. Curbstone Financial Management Corp now owns 5,696 shares of the specialty chemicals company’s stock worth $1,382,000 after acquiring an additional 70 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in WD-40 by 23.1% in the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WDFC shares. DA Davidson reiterated a “buy” rating and set a $322.00 price target on shares of WD-40 in a research report on Monday, January 27th. Jefferies Financial Group upped their price objective on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th.

WD-40 Trading Up 0.5 %

Shares of NASDAQ:WDFC opened at $234.95 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $250.50 and its 200 day moving average price is $257.28. The company has a market cap of $3.18 billion, a PE ratio of 45.01 and a beta of -0.05. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts anticipate that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

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

Insider Transactions at WD-40

In other news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total value 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 approximately $2,317,310.30. This represents a 11.11 % decrease in their position. The sale 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.

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.