D.A. Davidson & CO. Has $205,000 Stake in WD-40 (NASDAQ:WDFC)

D.A. Davidson & CO. increased its stake in WD-40 (NASDAQ:WDFC) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 845 shares of the specialty chemicals company’s stock after purchasing an additional 50 shares during the period. D.A. Davidson & CO.’s holdings in WD-40 were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its holdings in shares of WD-40 by 42.4% in the third quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company’s stock valued at $4,133,000 after purchasing an additional 4,775 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in WD-40 by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock valued at $37,512,000 after buying an additional 3,960 shares during the last quarter. Pacer Advisors Inc. lifted its stake in WD-40 by 115.3% in the 4th quarter. Pacer Advisors Inc. now owns 859 shares of the specialty chemicals company’s stock valued at $208,000 after acquiring an additional 460 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in WD-40 by 209.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,672 shares of the specialty chemicals company’s stock worth $401,000 after acquiring an additional 1,132 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of WD-40 by 24.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company’s stock worth $13,913,000 after acquiring an additional 10,711 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

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

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $237.02 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The business has a 50-day moving average of $236.54 and a 200-day moving average of $254.45. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 45.41 and a beta of -0.05. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36.

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

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.59%. This is an increase from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, January 17th. WD-40’s payout ratio is presently 72.03%.

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.