1,100 Shares in WD-40 (NASDAQ:WDFC) Acquired by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC bought a new position in WD-40 (NASDAQ:WDFC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,100 shares of the specialty chemicals company’s stock, valued at approximately $263,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WDFC. Arizona State Retirement System increased its position in WD-40 by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 3,861 shares of the specialty chemicals company’s stock worth $785,000 after buying an additional 49 shares during the period. State Board of Administration of Florida Retirement System increased its position in WD-40 by 2.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 3,932 shares of the specialty chemicals company’s stock worth $799,000 after buying an additional 78 shares during the period. Stokes Family Office LLC increased its position in WD-40 by 7.8% in the 3rd quarter. Stokes Family Office LLC now owns 1,156 shares of the specialty chemicals company’s stock worth $235,000 after buying an additional 84 shares during the period. New York State Common Retirement Fund increased its position in WD-40 by 1.4% in the 4th quarter. New York State Common Retirement Fund now owns 7,268 shares of the specialty chemicals company’s stock worth $1,738,000 after buying an additional 99 shares during the period. Finally, Quadrant Capital Group LLC increased its position in WD-40 by 33.8% in the 4th quarter. Quadrant Capital Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $123,000 after buying an additional 130 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Stock Performance

Shares of WDFC traded down $0.12 on Friday, reaching $230.98. 43,745 shares of the stock traded hands, compared to its average volume of 67,702. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 46.10 and a beta of -0.02. 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 12 month low of $182.53 and a 12 month high of $278.78. The stock’s 50-day moving average price is $238.85 and its 200-day moving average price is $245.76.

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

WD-40 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, April 18th. WD-40’s dividend payout ratio is 70.26%.

Analysts Set New Price Targets

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

Insider Activity at WD-40

In related news, Director David Pendarvis purchased 328 shares of the firm’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 purchase, the director now directly owns 4,934 shares in the company, valued at $1,158,256.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other WD-40 news, Director David Pendarvis acquired 328 shares of WD-40 stock in a transaction on Friday, April 12th. The shares were bought at an average price of $234.75 per share, with a total value of $76,998.00. Following the completion of the purchase, the director now owns 4,934 shares in the company, valued at $1,158,256.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven A. Brass acquired 432 shares of WD-40 stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of $232.22 per share, for a total transaction of $100,319.04. Following the purchase, the chief executive officer now owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The disclosure for this purchase can be found here. Insiders have purchased a total of 973 shares of company stock valued at $226,910 in the last 90 days. 0.65% of the stock is owned by corporate insiders.

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.