Whittier Trust Co. Acquires 1,810 Shares of WD-40 (NASDAQ:WDFC)

Whittier Trust Co. boosted its holdings in shares of WD-40 (NASDAQ:WDFC) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,466 shares of the specialty chemicals company’s stock after buying an additional 1,810 shares during the quarter. Whittier Trust Co.’s holdings in WD-40 were worth $11,209,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WDFC. V Square Quantitative Management LLC bought a new stake in shares of WD-40 during the 3rd quarter worth $29,000. DekaBank Deutsche Girozentrale acquired a new position in shares of WD-40 during the first quarter worth approximately $34,000. Advisors Asset Management Inc. bought a new stake in shares of WD-40 in the first quarter valued at approximately $43,000. Covestor Ltd grew its stake in shares of WD-40 by 57.7% in the first quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock worth $55,000 after acquiring an additional 79 shares during the last quarter. Finally, Blue Trust Inc. bought a new position in WD-40 during the second quarter worth $67,000. 91.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WDFC. 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 report on Friday. DA Davidson lifted their price objective on WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a report on Friday.

WD-40 Price Performance

Shares of NASDAQ:WDFC traded up $5.50 during midday trading on Monday, reaching $256.75. The company’s stock had a trading volume of 155,216 shares, compared to its average volume of 106,830. The business’s fifty day simple moving average is $256.53 and its 200-day simple moving average is $242.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.56. WD-40 has a fifty-two week low of $203.10 and a fifty-two week high of $278.78. The company has a market capitalization of $3.48 billion, a P/E ratio of 49.17 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last released its earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). WD-40 had a return on equity of 32.23% and a net margin of 11.79%. The firm had revenue of $156.00 million for the quarter, compared to the consensus estimate of $149.20 million. During the same quarter in the previous year, the firm earned $1.21 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts expect that WD-40 will post 5.3 EPS for the current fiscal year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a yield of 1.37%. WD-40’s payout ratio is 68.88%.

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.