Nwam LLC Invests $258,000 in WD-40 (NASDAQ:WDFC)

Nwam LLC acquired a new stake in WD-40 (NASDAQ:WDFC) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,002 shares of the specialty chemicals company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WDFC. Meridian Wealth Management LLC acquired a new position in WD-40 during the third quarter valued at approximately $400,000. Citigroup Inc. boosted its holdings in shares of WD-40 by 65.0% during the 3rd quarter. Citigroup Inc. now owns 17,958 shares of the specialty chemicals company’s stock worth $4,631,000 after buying an additional 7,077 shares during the period. Eagle Asset Management Inc. grew its stake in WD-40 by 3.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 44,896 shares of the specialty chemicals company’s stock valued at $12,460,000 after buying an additional 1,293 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in WD-40 by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock worth $37,512,000 after acquiring an additional 3,960 shares during the period. Finally, Intech Investment Management LLC lifted its position in WD-40 by 60.2% during the 3rd quarter. Intech Investment Management LLC now owns 6,969 shares of the specialty chemicals company’s stock worth $1,797,000 after acquiring an additional 2,620 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Stock Performance

NASDAQ:WDFC opened at $286.49 on Tuesday. The firm’s 50-day moving average is $265.48 and its 200-day moving average is $249.16. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 56.06 and a beta of -0.08. 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 has a 52-week low of $211.03 and a 52-week high of $292.36.

WD-40 (NASDAQ:WDFC) last posted 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). WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The firm had revenue of $156.00 million during the quarter, compared to analyst estimates of $149.20 million. During the same period last year, the company earned $1.21 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a yield of 1.23%. WD-40’s dividend payout ratio is currently 68.88%.

Analysts Set New Price Targets

WDFC has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective on WD-40 from $250.00 to $280.00 and gave the stock 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 report on Monday, November 18th.

Insider Buying and Selling at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of WD-40 stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total transaction of $289,700.00. Following the sale, the director now directly owns 7,999 shares of the company’s stock, valued at approximately $2,317,310.30. The trade was a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

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.