Callan Family Office LLC Acquires New Holdings in WD-40 Company $WDFC

Key Points

• Callan Family Office LLC acquired a new stake in WD-40 Company by purchasing 1,710 shares valued at approximately $390,000 in the second quarter.
• WD-40 recently announced a quarterly dividend of $0.94 per share, with an annualized yield of 2.0%, to be paid on October 31st.
• The stock has a current P/E ratio of 29.99 and a market capitalization of $2.58 billion, reflecting ongoing interest from institutional investors.

Callan Family Office LLC bought a new stake in WD-40 Company (NASDAQ:WDFC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,710 shares of the specialty chemicals company's stock, valued at approximately $390,000.

Other institutional investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its stake in shares of WD-40 by 4.8% during the first quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company's stock worth $256,000 after buying an additional 48 shares during the period. KBC Group NV lifted its stake in shares of WD-40 by 8.9% during the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after buying an additional 49 shares during the period. D.A. Davidson & CO. lifted its stake in shares of WD-40 by 5.9% during the first quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company's stock worth $218,000 after buying an additional 50 shares during the period. Xponance Inc. lifted its stake in shares of WD-40 by 5.4% during the first quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company's stock worth $253,000 after buying an additional 53 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of WD-40 by 3.9% during the first quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company's stock worth $362,000 after buying an additional 56 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Trading Down 0.4%

WDFC stock opened at $190.43 on Thursday. The company's 50-day simple moving average is $209.32 and its 200-day simple moving average is $223.83. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33. WD-40 Company has a 52-week low of $189.04 and a 52-week high of $292.36. The firm has a market cap of $2.58 billion, a P/E ratio of 29.99 and a beta of 0.09.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 20th. WD-40's dividend payout ratio is presently 59.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of WD-40 in a research note on Wednesday, October 8th. DA Davidson reduced their target price on shares of WD-40 from $322.00 to $300.00 and set a "buy" rating for the company in a report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $290.00.

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.

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