Stratos Wealth Partners LTD. Acquires New Holdings in WD-40 (NASDAQ:WDFC)

Stratos Wealth Partners LTD. acquired a new stake in shares of WD-40 (NASDAQ:WDFC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 896 shares of the specialty chemicals company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its position in WD-40 by 1.3% during the third quarter. Arizona State Retirement System now owns 3,861 shares of the specialty chemicals company’s stock valued at $785,000 after acquiring an additional 49 shares in the last quarter. Cim Investment Management Inc. raised its position in WD-40 by 3.6% during the first quarter. Cim Investment Management Inc. now owns 1,534 shares of the specialty chemicals company’s stock valued at $273,000 after acquiring an additional 53 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of WD-40 by 0.8% in the first quarter. Commonwealth Equity Services LLC now owns 7,783 shares of the specialty chemicals company’s stock valued at $1,385,000 after purchasing an additional 59 shares during the period. Baird Financial Group Inc. raised its position in shares of WD-40 by 3.2% in the first quarter. Baird Financial Group Inc. now owns 2,075 shares of the specialty chemicals company’s stock valued at $380,000 after purchasing an additional 65 shares during the period. Finally, First Republic Investment Management Inc. raised its position in shares of WD-40 by 0.9% in the first quarter. First Republic Investment Management Inc. now owns 7,399 shares of the specialty chemicals company’s stock valued at $1,317,000 after purchasing an additional 66 shares during the period. Institutional investors own 91.52% of the company’s stock.

Insider Buying and Selling

In related news, Director David Pendarvis bought 328 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average price of $234.75 per share, with a total value of $76,998.00. Following the completion of the transaction, the director now owns 4,934 shares of the company’s stock, valued at approximately $1,158,256.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Jeffrey G. Lindeman bought 182 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $272.42 per share, with a total value of $49,580.44. Following the completion of the transaction, the vice president now owns 3,073 shares of the company’s stock, valued at approximately $837,146.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Pendarvis bought 328 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average cost of $234.75 per share, for a total transaction of $76,998.00. Following the transaction, the director now directly owns 4,934 shares of the company’s stock, valued at approximately $1,158,256.50. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by insiders.

WD-40 Trading Down 1.3 %

NASDAQ:WDFC opened at $231.92 on Wednesday. WD-40 has a 12 month low of $181.38 and a 12 month high of $278.78. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 46.29 and a beta of -0.06. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $256.18 and its 200-day moving average is $241.31.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The company had revenue of $139.10 million for the quarter, compared to analyst estimates of $140.51 million. During the same quarter last year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities analysts anticipate that WD-40 will post 5.22 EPS for the current year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is currently 70.26%.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “buy” rating and issued a $313.00 price target on shares of WD-40 in a research report on Wednesday, April 10th.

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.