WD-40 (NASDAQ:WDFC) Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. grew its holdings in WD-40 (NASDAQ:WDFC) by 10.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,060 shares of the specialty chemicals company’s stock after purchasing an additional 380 shares during the quarter. Pittenger & Anderson Inc.’s holdings in WD-40 were worth $1,047,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in WD-40 by 1,131.2% during the first quarter. Acadian Asset Management LLC now owns 4,063 shares of the specialty chemicals company’s stock worth $1,023,000 after buying an additional 3,733 shares during the last quarter. Vanguard Group Inc. grew its position in WD-40 by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock worth $411,374,000 after acquiring an additional 6,532 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in WD-40 during the first quarter worth $20,491,000. Lord Abbett & CO. LLC purchased a new stake in WD-40 in the first quarter valued at $4,180,000. Finally, Quest Partners LLC acquired a new position in shares of WD-40 in the 2nd quarter valued at $547,000. 91.52% of the stock is owned by hedge funds and other institutional investors.

WD-40 Trading Up 2.4 %

Shares of NASDAQ:WDFC opened at $274.02 on Wednesday. The company has a market cap of $3.71 billion, a PE ratio of 53.62 and a beta of -0.08. The company’s 50 day moving average is $259.86 and its two-hundred day moving average is $244.42. WD-40 has a 52 week low of $211.03 and a 52 week high of $278.78. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.11). The company had revenue of $156.00 million during the quarter, compared to analysts’ expectations of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. Equities analysts predict that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, October 18th. WD-40’s payout ratio is 68.88%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WDFC shares. Jefferies Financial Group raised their price objective on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. DA Davidson boosted their target price on WD-40 from $303.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, October 18th.

Insider Transactions at WD-40

In related news, Director William B. Noble sold 800 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total value of $205,584.00. Following the completion of the sale, the director now directly owns 8,999 shares of the company’s stock, valued at $2,312,563.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

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.