WD-40 (NASDAQ:WDFC) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its stake in shares of WD-40 (NASDAQ:WDFC) by 3.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,243 shares of the specialty chemicals company’s stock after acquiring an additional 40 shares during the period. Coldstream Capital Management Inc.’s holdings in WD-40 were worth $321,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CWM LLC boosted its holdings in shares of WD-40 by 41.2% in the second quarter. CWM LLC now owns 463 shares of the specialty chemicals company’s stock worth $102,000 after buying an additional 135 shares during the period. Blue Trust Inc. acquired a new position in WD-40 in the 2nd quarter worth approximately $67,000. Louisiana State Employees Retirement System grew its position in WD-40 by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the specialty chemicals company’s stock worth $1,494,000 after purchasing an additional 100 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of WD-40 by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 142,222 shares of the specialty chemicals company’s stock worth $31,238,000 after buying an additional 3,458 shares during the period. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of WD-40 by 150.0% during the second quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the specialty chemicals company’s stock valued at $549,000 after buying an additional 1,500 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WDFC has been the topic of several research reports. Jefferies Financial Group upped their price objective on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th. DA Davidson reaffirmed a “buy” rating and issued a $322.00 price target on shares of WD-40 in a research note on Monday, November 18th.

WD-40 Trading Down 1.8 %

Shares of NASDAQ WDFC opened at $266.54 on Monday. The business has a 50 day simple moving average of $270.51 and a 200 day simple moving average of $253.44. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 52.16 and a beta of -0.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.70 and a current ratio of 2.47.

WD-40 (NASDAQ:WDFC) last posted its 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 business had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. On average, research analysts predict that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.94 per share. This is a positive change from WD-40’s previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, January 17th. WD-40’s dividend payout ratio (DPR) is 73.58%.

Insiders Place Their Bets

In other news, Director William B. Noble sold 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total transaction of $289,700.00. Following the transaction, the director now owns 7,999 shares of the company’s stock, valued at approximately $2,317,310.30. This represents a 11.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.75% 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.