LPL Financial LLC Buys 1,966 Shares of WD-40 (NASDAQ:WDFC)

LPL Financial LLC boosted its position in WD-40 (NASDAQ:WDFC - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,403 shares of the specialty chemicals company's stock after acquiring an additional 1,966 shares during the period. LPL Financial LLC owned 0.07% of WD-40 worth $2,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its stake in WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after purchasing an additional 163 shares during the last quarter. GAMMA Investing LLC grew its holdings in WD-40 by 23.1% during the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock worth $97,000 after buying an additional 75 shares in the last quarter. KBC Group NV raised its position in WD-40 by 23.1% in the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock valued at $133,000 after buying an additional 103 shares during the last quarter. Blue Trust Inc. lifted its stake in WD-40 by 39.9% during the 4th quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company's stock valued at $142,000 after acquiring an additional 157 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in WD-40 by 70.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock worth $137,000 after acquiring an additional 233 shares during the last quarter. Institutional investors own 91.52% of the company's stock.

Insider Buying and Selling at WD-40

In other news, CFO Sara Kathleen Hyzer purchased 256 shares of the company's stock in a transaction dated Friday, April 11th. The shares were purchased at an average price of $222.83 per share, with a total value of $57,044.48. Following the transaction, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at approximately $907,363.76. This represents a 6.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

WD-40 Stock Performance

NASDAQ:WDFC traded up $5.08 during trading on Friday, reaching $222.76. The company's stock had a trading volume of 105,446 shares, compared to its average volume of 101,513. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 42.67 and a beta of 0.03. WD-40 has a 12 month low of $208.00 and a 12 month high of $292.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The firm has a 50 day moving average of $234.52 and a 200-day moving average of $248.78.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.05. The company had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. Research analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.69%. WD-40's payout ratio is 59.97%.

Analyst Upgrades and Downgrades

Separately, DA Davidson upgraded shares of WD-40 to a "strong-buy" rating in a research note on Monday, April 14th.

About WD-40

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.