Proficio Capital Partners LLC Purchases Shares of 26,937 WD-40 (NASDAQ:WDFC)

Proficio Capital Partners LLC purchased a new stake in WD-40 (NASDAQ:WDFC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 26,937 shares of the specialty chemicals company’s stock, valued at approximately $6,537,000.

Several other large investors have also recently bought and sold shares of WDFC. Private Advisor Group LLC raised its holdings in WD-40 by 9.8% in the 3rd quarter. Private Advisor Group LLC now owns 1,542 shares of the specialty chemicals company’s stock valued at $398,000 after acquiring an additional 138 shares during the period. Pittenger & Anderson Inc. increased its holdings in shares of WD-40 by 10.3% during the third quarter. Pittenger & Anderson Inc. now owns 4,060 shares of the specialty chemicals company’s stock worth $1,047,000 after purchasing an additional 380 shares during the period. Radnor Capital Management LLC bought a new position in shares of WD-40 during the third quarter worth approximately $1,960,000. Covestor Ltd increased its holdings in shares of WD-40 by 41.3% during the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 66 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of WD-40 by 24.3% during the third quarter. Crossmark Global Holdings Inc. now owns 1,193 shares of the specialty chemicals company’s stock worth $307,000 after purchasing an additional 233 shares during the period. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Up 0.2 %

Shares of WDFC opened at $238.98 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.24 billion, a PE ratio of 45.78 and a beta of -0.05. The firm’s 50 day moving average is $235.78 and its 200-day moving average is $254.30. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. The business had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS. Equities research analysts forecast that WD-40 will post 5.42 EPS for the current year.

WD-40 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $0.94 per share. This is a positive change from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, January 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.57%. WD-40’s dividend payout ratio (DPR) is currently 72.03%.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a “buy” rating and set a $322.00 target price on shares of WD-40 in a report on Monday, January 27th.

WD-40 Company 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.