New Age Alpha Advisors LLC Buys 9,372 Shares of WD-40 Company $WDFC

New Age Alpha Advisors LLC raised its stake in WD-40 Company (NASDAQ:WDFC) by 2,466.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,752 shares of the specialty chemicals company’s stock after purchasing an additional 9,372 shares during the period. New Age Alpha Advisors LLC owned approximately 0.07% of WD-40 worth $1,920,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in WD-40 by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock valued at $325,007,000 after purchasing an additional 47,528 shares during the period. Alliancebernstein L.P. boosted its holdings in WD-40 by 6.4% in the 3rd quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company’s stock valued at $105,467,000 after purchasing an additional 32,333 shares during the period. Ameriprise Financial Inc. boosted its holdings in WD-40 by 24.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 333,505 shares of the specialty chemicals company’s stock valued at $76,069,000 after purchasing an additional 65,423 shares during the period. Dimensional Fund Advisors LP boosted its holdings in WD-40 by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 284,095 shares of the specialty chemicals company’s stock valued at $56,135,000 after purchasing an additional 5,173 shares during the period. Finally, Geneva Capital Management LLC boosted its holdings in WD-40 by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 264,136 shares of the specialty chemicals company’s stock valued at $52,193,000 after purchasing an additional 835 shares during the period. 91.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WDFC shares. William Blair started coverage on shares of WD-40 in a report on Monday, April 6th. They issued an “outperform” rating for the company. DA Davidson reduced their price target on shares of WD-40 from $300.00 to $270.00 and set a “buy” rating for the company in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, WD-40 currently has an average rating of “Moderate Buy” and an average price target of $270.00.

WD-40 Trading Down 1.3%

Shares of WDFC stock opened at $204.61 on Wednesday. WD-40 Company has a 52-week low of $175.38 and a 52-week high of $253.24. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 34.80 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.98 and a current ratio of 2.83. The firm has a fifty day moving average of $211.05 and a 200-day moving average of $212.57.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, April 9th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The company had revenue of $161.67 million during the quarter, compared to analysts’ expectations of $154.90 million. During the same quarter in the prior year, the company posted $1.32 EPS. The business’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that WD-40 Company will post 5.99 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 17th were paid a $1.02 dividend. The ex-dividend date was Friday, April 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. WD-40’s dividend payout ratio is currently 69.39%.

About WD-40

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.