WD-40 (NASDAQ:WDFC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of WD-40 (NASDAQ:WDFC) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,038 shares of the specialty chemicals company’s stock after selling 190 shares during the quarter. Mutual of America Capital Management LLC’s holdings in WD-40 were worth $526,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WDFC. V Square Quantitative Management LLC purchased a new position in WD-40 during the 3rd quarter worth $29,000. DekaBank Deutsche Girozentrale purchased a new position in WD-40 during the first quarter worth about $34,000. Advisors Asset Management Inc. acquired a new stake in WD-40 in the first quarter valued at about $43,000. Covestor Ltd lifted its position in WD-40 by 41.3% in the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 66 shares during the period. Finally, Blue Trust Inc. purchased a new stake in WD-40 in the 2nd quarter valued at approximately $67,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WD-40

In related news, Director William B. Noble sold 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total value of $289,700.00. Following 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on WDFC. DA Davidson reissued a “buy” rating and issued a $322.00 price target on shares of WD-40 in a report on Monday, November 18th. Jefferies Financial Group raised their target price on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

WD-40 Stock Down 2.2 %

WDFC stock opened at $280.27 on Wednesday. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.80 billion, a P/E ratio of 56.06 and a beta of -0.08. The company’s 50-day moving average price is $266.00 and its 200 day moving average price is $249.54.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share 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 analyst estimates 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 was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. On average, research analysts expect that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, October 18th. WD-40’s dividend payout ratio is currently 68.88%.

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.