Simplicity Wealth LLC Invests $1.03 Million in WD-40 (NASDAQ:WDFC)

Simplicity Wealth LLC bought a new stake in shares of WD-40 (NASDAQ:WDFC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,083 shares of the specialty chemicals company's stock, valued at approximately $1,034,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WDFC. Cambridge Investment Research Advisors Inc. raised its holdings in WD-40 by 8.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,205 shares of the specialty chemicals company's stock worth $651,000 after buying an additional 256 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of WD-40 by 13.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,807 shares of the specialty chemicals company's stock valued at $570,000 after acquiring an additional 328 shares in the last quarter. Strs Ohio boosted its stake in WD-40 by 100.0% in the 3rd quarter. Strs Ohio now owns 400 shares of the specialty chemicals company's stock worth $81,000 after purchasing an additional 200 shares during the period. Nwam LLC purchased a new position in WD-40 during the 3rd quarter worth approximately $203,000. Finally, Nisa Investment Advisors LLC raised its stake in WD-40 by 6.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,964 shares of the specialty chemicals company's stock valued at $602,000 after purchasing an additional 185 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, DA Davidson reiterated a "buy" rating and set a $313.00 price target on shares of WD-40 in a report on Wednesday, April 10th.

WD-40 Stock Up 1.0 %

Shares of WDFC stock traded up $2.44 during trading on Tuesday, hitting $238.47. 65,795 shares of the company were exchanged, compared to its average volume of 122,456. The business's 50-day simple moving average is $240.40 and its 200 day simple moving average is $245.75. WD-40 has a twelve month low of $182.53 and a twelve month high of $278.78. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 47.60 and a beta of -0.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its earnings results 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. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The company had revenue of $139.10 million during the quarter, compared to analyst estimates of $140.51 million. During the same quarter last year, the business posted $1.21 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, analysts forecast that WD-40 will post 5.22 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, April 18th. WD-40's payout ratio is currently 70.26%.

Insider Transactions at WD-40

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

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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