Vest Financial LLC Makes New $1.02 Million Investment in WD-40 Company $WDFC

Key Points

• Vest Financial LLC has invested approximately $1.02 million in WD-40 Company, acquiring 4,483 shares in the second quarter.
• WD-40 Company announced a quarterly dividend of $0.94 per share, with an annualized yield of 2.0% and a payout ratio of 59.21%.
• Analysts have given the stock a consensus rating of "Hold" and set a price target averaging $290.00.

Vest Financial LLC acquired a new stake in shares of WD-40 Company (NASDAQ:WDFC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,483 shares of the specialty chemicals company's stock, valued at approximately $1,023,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its position in shares of WD-40 by 4.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company's stock valued at $256,000 after acquiring an additional 48 shares during the period. KBC Group NV raised its stake in WD-40 by 8.9% in the 1st quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after purchasing an additional 49 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of WD-40 by 5.9% in the 1st quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company's stock valued at $218,000 after buying an additional 50 shares in the last quarter. Xponance Inc. raised its position in shares of WD-40 by 5.4% in the 1st quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company's stock valued at $253,000 after buying an additional 53 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of WD-40 by 3.9% during the 1st quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company's stock valued at $362,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 91.52% of the company's stock.

Analyst Upgrades and Downgrades

WDFC has been the topic of a number of research reports. DA Davidson reduced their target price on shares of WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Weiss Ratings restated a "hold (c)" rating on shares of WD-40 in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $290.00.

WD-40 Trading Down 0.4%

WDFC stock opened at $190.43 on Thursday. The company has a market capitalization of $2.58 billion, a PE ratio of 29.99 and a beta of 0.09. WD-40 Company has a one year low of $189.04 and a one year high of $292.36. The company's 50 day moving average price is $209.32 and its two-hundred day moving average price is $223.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.02 and a current ratio of 2.84.

WD-40 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be issued a $0.94 dividend. The ex-dividend date is Monday, October 20th. This represents a $3.76 annualized dividend and a yield of 2.0%. WD-40's payout ratio is 59.21%.

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.

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