WD-40 (NASDAQ:WDFC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in WD-40 (NASDAQ:WDFC) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,462 shares of the specialty chemicals company’s stock after purchasing an additional 3,960 shares during the period. Charles Schwab Investment Management Inc. owned 1.07% of WD-40 worth $37,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Millennium Management LLC raised 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 worth $15,298,000 after purchasing an additional 31,055 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of WD-40 by 13.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 92,005 shares of the specialty chemicals company’s stock valued at $20,208,000 after buying an additional 11,112 shares during the last quarter. Radnor Capital Management LLC acquired a new position in shares of WD-40 in the 3rd quarter valued at about $1,960,000. Envestnet Asset Management Inc. boosted its stake in shares of WD-40 by 11.8% in the second quarter. Envestnet Asset Management Inc. now owns 60,925 shares of the specialty chemicals company’s stock worth $13,382,000 after buying an additional 6,434 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in WD-40 by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 307,097 shares of the specialty chemicals company’s stock worth $67,452,000 after acquiring an additional 5,893 shares during the period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WDFC. DA Davidson reaffirmed a “buy” rating and issued a $322.00 price objective on shares of WD-40 in a report on Monday, November 18th. Jefferies Financial Group increased their price target on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, October 18th.

Insider Activity

In other news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the transaction, the director now owns 7,999 shares of the company’s stock, valued at $2,317,310.30. This represents a 11.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

WD-40 Stock Performance

Shares of NASDAQ:WDFC opened at $276.77 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The firm has a market capitalization of $3.75 billion, a PE ratio of 54.16 and a beta of -0.07. The business’s 50 day moving average price is $267.71 and its 200-day moving average price is $250.93.

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 the consensus estimate of $1.34 by ($0.11). WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The business had revenue of $156.00 million for the quarter, compared to analysts’ expectations of $149.20 million. During the same period in the prior year, the company posted $1.21 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were issued a $0.88 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 annualized dividend and a yield of 1.27%. WD-40’s payout ratio is 68.88%.

WD-40 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.