Sweeney & Michel LLC bought a new stake in WD-40 (NASDAQ:WDFC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,025 shares of the specialty chemicals company's stock, valued at approximately $250,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. bought a new position in WD-40 in the fourth quarter valued at approximately $25,000. TD Waterhouse Canada Inc. bought a new position in shares of WD-40 during the 4th quarter worth approximately $27,000. Versant Capital Management Inc boosted its stake in shares of WD-40 by 96.1% during the 1st quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock worth $36,000 after acquiring an additional 73 shares during the period. Parallel Advisors LLC boosted its stake in shares of WD-40 by 82.6% during the 1st quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $38,000 after acquiring an additional 71 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in shares of WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock worth $47,000 after acquiring an additional 163 shares during the period. Institutional investors and hedge funds own 91.52% of the company's stock.
WD-40 Stock Performance
WDFC traded down $1.61 during trading on Thursday, hitting $244.22. The stock had a trading volume of 252,670 shares, compared to its average volume of 108,113. The company has a 50 day moving average price of $233.55 and a 200-day moving average price of $242.00. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 46.79 and a beta of 0.17. WD-40 has a one year low of $208.00 and a one year high of $292.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75.
WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.05. The business had revenue of $146.10 million during the quarter, compared to the consensus estimate of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. As a group, research analysts predict that WD-40 will post 5.42 EPS for the current year.
WD-40 Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were given a dividend of $0.94 per share. The ex-dividend date was Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.54%. WD-40's payout ratio is 59.97%.
Insider Activity
In related news, CFO Sara Kathleen Hyzer bought 256 shares of the business's stock in a transaction dated Friday, April 11th. The stock was purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the transaction, the chief financial officer now owns 4,072 shares in the company, valued at $907,363.76. The trade was a 6.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.75% of the company's stock.
Analyst Upgrades and Downgrades
Separately, DA Davidson upgraded WD-40 to a "strong-buy" rating in a research note on Monday, April 14th.
Read Our Latest Stock Report on WD-40
WD-40 Profile
(
Free Report)
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.
See Also
Before you consider WD-40, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WD-40 wasn't on the list.
While WD-40 currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
