Everpar Advisors LLC Makes New Investment in WD-40 (NASDAQ:WDFC)

Everpar Advisors LLC bought a new position in shares of WD-40 (NASDAQ:WDFC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,213 shares of the specialty chemicals company’s stock, valued at approximately $290,000.

Other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of WD-40 by 1.3% in the third quarter. Arizona State Retirement System now owns 3,861 shares of the specialty chemicals company’s stock valued at $785,000 after buying an additional 49 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of WD-40 by 2.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 3,932 shares of the specialty chemicals company’s stock valued at $799,000 after buying an additional 78 shares during the period. Stokes Family Office LLC increased its stake in shares of WD-40 by 7.8% in the third quarter. Stokes Family Office LLC now owns 1,156 shares of the specialty chemicals company’s stock valued at $235,000 after buying an additional 84 shares during the period. New York State Common Retirement Fund increased its stake in shares of WD-40 by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 7,268 shares of the specialty chemicals company’s stock valued at $1,738,000 after buying an additional 99 shares during the period. Finally, Yousif Capital Management LLC increased its stake in shares of WD-40 by 2.2% in the fourth quarter. Yousif Capital Management LLC now owns 6,844 shares of the specialty chemicals company’s stock valued at $1,636,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

Insider Buying and Selling at WD-40

In other WD-40 news, CEO Steven A. Brass purchased 432 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, for a total transaction of $100,319.04. Following the acquisition, the chief executive officer now owns 20,547 shares of the company’s stock, valued at $4,771,424.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other WD-40 news, CEO Steven A. Brass purchased 432 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, for a total transaction of $100,319.04. Following the acquisition, the chief executive officer now owns 20,547 shares of the company’s stock, valued at $4,771,424.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey G. Lindeman purchased 182 shares of the business’s stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $272.42 per share, for a total transaction of $49,580.44. Following the completion of the acquisition, the vice president now directly owns 3,073 shares in the company, valued at approximately $837,146.66. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 942 shares of company stock valued at $226,897. 0.65% of the stock is currently owned by company insiders.

WD-40 Trading Up 0.2 %

NASDAQ:WDFC traded up $0.53 on Wednesday, reaching $235.17. 76,184 shares of the stock traded hands, compared to its average volume of 128,664. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 46.94 and a beta of -0.02. The company’s 50 day moving average is $243.89 and its 200-day moving average is $244.15. 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 1-year low of $182.53 and a 1-year high of $278.78.

WD-40 (NASDAQ:WDFC) last released its earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The business had revenue of $139.10 million during the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. Equities research analysts anticipate that WD-40 will post 5.22 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Thursday, April 18th. WD-40’s dividend payout ratio is presently 70.26%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “buy” rating and issued a $313.00 price objective on shares of WD-40 in a research note on Wednesday, April 10th.

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.