WD-40 (NASDAQ:WDFC) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in WD-40 (NASDAQ:WDFC) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,617,462 shares of the specialty chemicals company’s stock after acquiring an additional 3,094 shares during the quarter. Vanguard Group Inc. owned 11.93% of WD-40 worth $386,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in WD-40 during the fourth quarter worth $44,000. Pacer Advisors Inc. purchased a new stake in WD-40 during the fourth quarter worth $56,000. Principal Securities Inc. purchased a new position in WD-40 during the fourth quarter valued at $60,000. Scarborough Advisors LLC purchased a new position in WD-40 during the fourth quarter valued at $104,000. Finally, Quadrant Capital Group LLC lifted its holdings in WD-40 by 33.8% during the fourth quarter. Quadrant Capital Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Insider Transactions at WD-40

In other WD-40 news, CFO Sara Kathleen Hyzer purchased 213 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average cost of $232.83 per share, with a total value of $49,592.79. Following the completion of the purchase, the chief financial officer now owns 2,676 shares in the company, valued at approximately $623,053.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director David Pendarvis acquired 328 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average cost of $234.75 per share, for a total transaction of $76,998.00. Following the completion of the transaction, the director now owns 4,934 shares in the company, valued at $1,158,256.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sara Kathleen Hyzer acquired 213 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average price of $232.83 per share, with a total value of $49,592.79. Following the completion of the transaction, the chief financial officer now owns 2,676 shares of the company’s stock, valued at approximately $623,053.08. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 973 shares of company stock valued at $226,910. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “buy” rating and set a $313.00 price objective on shares of WD-40 in a report on Tuesday, June 18th.

WD-40 Stock Performance

WDFC opened at $221.12 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 44.14 and a beta of -0.07. WD-40 has a 52-week low of $182.87 and a 52-week high of $278.78. The firm’s fifty day simple moving average is $227.97 and its two-hundred day simple moving average is $244.46.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.01. The firm had revenue of $139.10 million for the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. Equities analysts anticipate that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, July 19th. WD-40’s dividend payout ratio is currently 70.26%.

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.