Jones Financial Companies Lllp Boosts Stake in WD-40 (NASDAQ:WDFC)

Jones Financial Companies Lllp increased its position in WD-40 (NASDAQ:WDFC) by 222.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 648 shares of the specialty chemicals company’s stock after purchasing an additional 447 shares during the period. Jones Financial Companies Lllp’s holdings in WD-40 were worth $157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. lifted its holdings in shares of WD-40 by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company’s stock valued at $321,000 after purchasing an additional 40 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of WD-40 by 6.3% in the 4th quarter. D.A. Davidson & CO. now owns 845 shares of the specialty chemicals company’s stock valued at $205,000 after purchasing an additional 50 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of WD-40 by 3.8% in the 4th quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company’s stock valued at $402,000 after purchasing an additional 61 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of WD-40 by 2.4% in the 4th quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company’s stock valued at $646,000 after purchasing an additional 62 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of WD-40 by 41.3% in the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 66 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

WD-40 Stock Performance

Shares of WDFC stock opened at $238.58 on Friday. The stock has a market capitalization of $3.23 billion, a PE ratio of 45.71 and a beta of -0.10. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36. The stock’s 50-day moving average price is $235.53 and its 200 day moving average price is $253.65. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

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

Analyst Upgrades and Downgrades

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

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.