Oppenheimer Asset Management Inc. Acquires 146 Shares of WD-40 (NASDAQ:WDFC)

Oppenheimer Asset Management Inc. boosted its holdings in WD-40 (NASDAQ:WDFC) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,489 shares of the specialty chemicals company’s stock after purchasing an additional 146 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in WD-40 were worth $327,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of WD-40 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock worth $411,374,000 after buying an additional 6,532 shares during the period. Conestoga Capital Advisors LLC grew its holdings in WD-40 by 0.6% in the first quarter. Conestoga Capital Advisors LLC now owns 316,272 shares of the specialty chemicals company’s stock worth $80,115,000 after purchasing an additional 1,910 shares during the period. APG Asset Management US Inc. acquired a new position in shares of WD-40 during the fourth quarter valued at about $38,142,000. Bank of New York Mellon Corp boosted its position in shares of WD-40 by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 142,222 shares of the specialty chemicals company’s stock worth $31,238,000 after purchasing an additional 3,458 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of WD-40 by 13.7% in 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 period. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Stock Performance

NASDAQ WDFC opened at $255.91 on Friday. The company has a market cap of $3.47 billion, a P/E ratio of 50.28 and a beta of -0.08. The company has a fifty day simple moving average of $255.72 and a 200 day simple moving average of $241.55. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. WD-40 has a 12-month low of $194.09 and a 12-month high of $278.78.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Wednesday, July 10th. The specialty chemicals company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. WD-40 had a net margin of 12.07% and a return on equity of 32.43%. The firm had revenue of $155.05 million during the quarter, compared to analysts’ expectations of $145.80 million. During the same period last year, the company earned $1.38 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. Sell-side analysts predict that WD-40 will post 5.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their price target on WD-40 from $313.00 to $303.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th.

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.