WD-40 (NASDAQ:WDFC) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its position in WD-40 (NASDAQ:WDFC) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,168 shares of the specialty chemicals company’s stock after selling 64 shares during the quarter. Atria Investments Inc’s holdings in WD-40 were worth $559,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Radnor Capital Management LLC acquired a new stake in shares of WD-40 in the 3rd quarter valued at about $1,960,000. Pittenger & Anderson Inc. raised its stake in shares of WD-40 by 10.3% in the 3rd quarter. Pittenger & Anderson Inc. now owns 4,060 shares of the specialty chemicals company’s stock valued at $1,047,000 after purchasing an additional 380 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of WD-40 by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company’s stock valued at $82,975,000 after purchasing an additional 5,381 shares in the last quarter. PineStone Asset Management Inc. raised its stake in shares of WD-40 by 4.4% in the 3rd quarter. PineStone Asset Management Inc. now owns 40,700 shares of the specialty chemicals company’s stock valued at $10,496,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of WD-40 by 9.8% in the 3rd quarter. Private Advisor Group LLC now owns 1,542 shares of the specialty chemicals company’s stock valued at $398,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Insiders Place Their Bets

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 shares were sold at an average price of $289.70, for a total value of $289,700.00. Following the completion of the transaction, the director now owns 7,999 shares in the company, valued at approximately $2,317,310.30. This represents a 11.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by insiders.

WD-40 Price Performance

WDFC opened at $279.29 on Wednesday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 54.66 and a beta of -0.08. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The company’s 50-day moving average price is $263.41 and its 200 day moving average price is $247.86. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC) 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). The business had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. WD-40’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 EPS. As a group, sell-side analysts expect that WD-40 will post 5.36 earnings per share for the current 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 given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, October 18th. WD-40’s dividend payout ratio (DPR) is 68.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th. DA Davidson restated a “buy” rating and issued a $322.00 target price on shares of WD-40 in a research note on Monday.

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.