WD-40 (NASDAQ:WDFC) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its position in WD-40 (NASDAQ:WDFC) by 70.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566 shares of the specialty chemicals company’s stock after purchasing an additional 233 shares during the period. Steward Partners Investment Advisory LLC’s holdings in WD-40 were worth $137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in WD-40 during the fourth quarter valued at approximately $2,185,000. Jones Financial Companies Lllp lifted its holdings in shares of WD-40 by 222.4% during the 4th quarter. Jones Financial Companies Lllp now owns 648 shares of the specialty chemicals company’s stock valued at $157,000 after acquiring an additional 447 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 163 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of WD-40 by 67.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 876 shares of the specialty chemicals company’s stock valued at $212,000 after acquiring an additional 354 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of WD-40 during the fourth quarter worth about $6,537,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “buy” rating and set a $322.00 target price on shares of WD-40 in a research report on Monday, January 27th.

WD-40 Trading Up 0.5 %

NASDAQ:WDFC opened at $238.58 on Monday. The business’s 50-day simple moving average is $235.53 and its 200 day simple moving average is $253.60. WD-40 has a one year low of $211.03 and a one year high of $292.36. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 45.71 and a beta of -0.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. The business had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 EPS. As a group, sell-side analysts predict that WD-40 will post 5.42 earnings per share for the current fiscal year.

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.