Sequoia Financial Advisors LLC Decreases Holdings in WD-40 (NASDAQ:WDFC)

Sequoia Financial Advisors LLC trimmed its position in shares of WD-40 (NASDAQ:WDFC) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,781 shares of the specialty chemicals company’s stock after selling 210 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in WD-40 were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of WDFC. Acadian Asset Management LLC lifted its holdings in WD-40 by 1,131.2% in the first quarter. Acadian Asset Management LLC now owns 4,063 shares of the specialty chemicals company’s stock valued at $1,023,000 after acquiring an additional 3,733 shares during the period. Vanguard Group Inc. lifted its stake in shares of WD-40 by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock worth $411,374,000 after purchasing an additional 6,532 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of WD-40 in the first quarter worth approximately $20,491,000. Lord Abbett & CO. LLC bought a new stake in WD-40 during the first quarter valued at approximately $4,180,000. Finally, Quest Partners LLC purchased a new stake in WD-40 during the second quarter valued at approximately $547,000. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William B. Noble sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total value of $205,584.00. Following the transaction, the director now directly owns 8,999 shares of the company’s stock, valued at approximately $2,312,563.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is currently owned by company insiders.

WD-40 Trading Down 0.5 %

WD-40 stock opened at $266.59 on Monday. WD-40 has a 12-month low of $207.95 and a 12-month high of $278.78. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 52.38 and a beta of -0.08. The firm has a 50 day moving average of $258.05 and a 200 day moving average of $242.78. 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 announced its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). The firm had revenue of $156.00 million during the quarter, compared to analysts’ expectations of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. As a group, research analysts predict that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, October 18th. WD-40’s dividend payout ratio (DPR) is 69.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WDFC. Jefferies Financial Group lifted their price target on shares of WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. DA Davidson lifted their target price on WD-40 from $303.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, October 18th.

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.