Corient Private Wealth LLC Purchases 3,257 Shares of WD-40 Company $WDFC

Corient Private Wealth LLC boosted its position in WD-40 Company (NASDAQ:WDFC) by 52.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,518 shares of the specialty chemicals company’s stock after buying an additional 3,257 shares during the period. Corient Private Wealth LLC’s holdings in WD-40 were worth $1,874,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its position in shares of WD-40 by 4,133.3% during the 4th quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 124 shares in the last quarter. Quarry LP lifted its stake in WD-40 by 1,462.5% in the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 117 shares during the period. EverSource Wealth Advisors LLC lifted its stake in WD-40 by 207.8% in the second quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 106 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of WD-40 by 400.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock worth $42,000 after buying an additional 172 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of WD-40 by 195.4% during the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 170 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WDFC shares. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. William Blair started coverage on shares of WD-40 in a report on Monday, April 6th. They set an “outperform” rating on the stock. Weiss Ratings cut shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, DA Davidson reduced their target price on WD-40 from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $270.00.

WD-40 Stock Performance

NASDAQ WDFC opened at $245.42 on Tuesday. The company has a market cap of $3.30 billion, a P/E ratio of 41.74 and a beta of 0.31. The company has a fifty day simple moving average of $214.87 and a 200 day simple moving average of $216.57. The company has a current ratio of 2.83, a quick ratio of 1.98 and a debt-to-equity ratio of 0.32. WD-40 Company has a 12-month low of $175.38 and a 12-month high of $253.24.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, April 9th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.11. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The firm had revenue of $161.67 million for the quarter, compared to the consensus estimate of $154.90 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. Sell-side analysts predict that WD-40 Company will post 5.99 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 1.7%. WD-40’s dividend payout ratio (DPR) is presently 69.39%.

WD-40 Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.