Creative Planning Has $787,000 Stake in WD-40 (NASDAQ:WDFC)

Creative Planning increased its position in shares of WD-40 (NASDAQ:WDFC) by 17.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,053 shares of the specialty chemicals company’s stock after buying an additional 459 shares during the period. Creative Planning’s holdings in WD-40 were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Profit Investment Management LLC increased its holdings in shares of WD-40 by 0.3% in the second quarter. Profit Investment Management LLC now owns 16,067 shares of the specialty chemicals company’s stock valued at $3,529,000 after purchasing an additional 43 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of WD-40 by 1.8% in the second quarter. Arizona State Retirement System now owns 3,794 shares of the specialty chemicals company’s stock valued at $833,000 after purchasing an additional 68 shares during the last quarter. Covestor Ltd increased its holdings in shares of WD-40 by 57.7% in the first quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 79 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of WD-40 by 34.9% in the third quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock valued at $84,000 after purchasing an additional 84 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of WD-40 by 0.4% in the first quarter. Swiss National Bank now owns 26,800 shares of the specialty chemicals company’s stock valued at $6,789,000 after purchasing an additional 100 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William B. Noble sold 800 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $256.98, for a total transaction of $205,584.00. Following the completion of the sale, the director now owns 8,999 shares of the company’s stock, valued at $2,312,563.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by company insiders.

WD-40 Trading Up 0.9 %

Shares of WD-40 stock opened at $264.39 on Friday. The firm has a 50-day moving average of $259.29 and a 200-day moving average of $243.76. The stock has a market cap of $3.58 billion, a PE ratio of 51.74 and a beta of -0.08. WD-40 has a 52-week low of $211.03 and a 52-week high of $278.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.70 and a current ratio of 2.47.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). The business had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. As a group, sell-side analysts forecast that WD-40 will post 5.36 EPS for the current year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 annualized dividend and a yield of 1.33%. WD-40’s dividend payout ratio is 68.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WDFC shares. DA Davidson upped their price objective on shares of WD-40 from $303.00 to $322.00 and gave the company a “buy” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price objective on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

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.