Cetera Investment Advisers Acquires 2,056 Shares of WD-40 (NASDAQ:WDFC)

Cetera Investment Advisers increased its holdings in shares of WD-40 (NASDAQ:WDFC) by 81.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,578 shares of the specialty chemicals company’s stock after purchasing an additional 2,056 shares during the quarter. Cetera Investment Advisers’ holdings in WD-40 were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WDFC. Jupiter Asset Management Ltd. bought a new position in shares of WD-40 during the first quarter valued at $20,491,000. Millennium Management LLC lifted its holdings in shares of WD-40 by 80.5% during the second quarter. Millennium Management LLC now owns 69,650 shares of the specialty chemicals company’s stock valued at $15,298,000 after purchasing an additional 31,055 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of WD-40 during the first quarter valued at $4,180,000. Lazard Asset Management LLC lifted its holdings in shares of WD-40 by 83.6% during the first quarter. Lazard Asset Management LLC now owns 26,226 shares of the specialty chemicals company’s stock valued at $6,642,000 after purchasing an additional 11,939 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of WD-40 by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock valued at $411,374,000 after purchasing an additional 6,532 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Up 0.4 %

WDFC stock opened at $264.78 on Friday. WD-40 has a fifty-two week low of $194.09 and a fifty-two week high of $278.78. The business’s 50-day moving average is $256.52 and its two-hundred day moving average is $242.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 52.02 and a beta of -0.08.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, October 18th. WD-40’s dividend payout ratio is 69.16%.

Analyst Ratings Changes

Separately, DA Davidson lowered their target price on WD-40 from $313.00 to $303.00 and set a “buy” rating on the stock in a report on Thursday, July 11th.

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.