Everence Capital Management Inc. Sells 110 Shares of WD-40 (NASDAQ:WDFC)

Everence Capital Management Inc. lowered its holdings in WD-40 (NASDAQ:WDFCFree Report) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,700 shares of the specialty chemicals company’s stock after selling 110 shares during the period. Everence Capital Management Inc.’s holdings in WD-40 were worth $413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WDFC. Thrivent Financial for Lutherans grew its position in WD-40 by 42.4% during the third quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company’s stock worth $4,133,000 after buying an additional 4,775 shares in the last quarter. Quest Partners LLC bought a new position in shares of WD-40 in the second quarter worth $547,000. Charles Schwab Investment Management Inc. raised its stake in WD-40 by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock valued at $37,512,000 after purchasing an additional 3,960 shares in the last quarter. Algert Global LLC lifted its position in WD-40 by 173.2% during the second quarter. Algert Global LLC now owns 4,820 shares of the specialty chemicals company’s stock worth $1,059,000 after purchasing an additional 3,056 shares during the period. Finally, Bleakley Financial Group LLC grew its stake in WD-40 by 2.9% during the third quarter. Bleakley Financial Group LLC now owns 4,079 shares of the specialty chemicals company’s stock worth $1,052,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Insider Activity at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the sale, the director now owns 7,999 shares in the company, valued at approximately $2,317,310.30. The trade was a 11.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on WD-40

WD-40 Price Performance

WDFC stock opened at $238.74 on Monday. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 46.72 and a beta of -0.04. The company has a 50 day simple moving average of $267.17 and a 200 day simple moving average of $255.86.

WD-40 (NASDAQ:WDFCGet Free Report) last released its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share 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 firm had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. During the same period last year, the business earned $1.21 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that WD-40 will post 5.36 EPS for the current fiscal year.

WD-40 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.94 dividend. The ex-dividend date is Friday, January 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.57%. This is an increase from WD-40’s previous quarterly dividend of $0.88. WD-40’s dividend payout ratio is currently 73.58%.

WD-40 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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