Nebula Research & Development LLC Makes New $1.09 Million Investment in WD-40 (NASDAQ:WDFC)

Nebula Research & Development LLC acquired a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,508 shares of the specialty chemicals company's stock, valued at approximately $1,094,000.

Other large investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its position in WD-40 by 6.3% in the 4th quarter. D.A. Davidson & CO. now owns 845 shares of the specialty chemicals company's stock worth $205,000 after purchasing an additional 50 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of WD-40 by 0.9% in the fourth quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company's stock worth $1,625,000 after purchasing an additional 57 shares during the period. Inspire Investing LLC increased its position in WD-40 by 3.8% in the 4th quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company's stock worth $402,000 after buying an additional 61 shares during the period. Truist Financial Corp raised its stake in WD-40 by 2.4% during the 4th quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company's stock valued at $646,000 after purchasing an additional 62 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of WD-40 by 0.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,111 shares of the specialty chemicals company's stock valued at $2,454,000 after buying an additional 68 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Price Performance

Shares of NASDAQ WDFC traded up $2.44 during mid-day trading on Friday, hitting $229.78. 20,811 shares of the stock were exchanged, compared to its average volume of 100,562. The stock's fifty day simple moving average is $233.47 and its two-hundred day simple moving average is $246.87. WD-40 has a twelve month low of $208.00 and a twelve month high of $292.36. The company has a market cap of $3.11 billion, a P/E ratio of 44.02 and a beta of 0.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44.

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

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.64%. The ex-dividend date was Thursday, April 17th. WD-40's dividend payout ratio is 59.97%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CFO Sara Kathleen Hyzer acquired 256 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average cost of $222.83 per share, with a total value of $57,044.48. Following the completion of the purchase, the chief financial officer now directly owns 4,072 shares in the company, valued at approximately $907,363.76. This trade represents a 6.71 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company's stock.

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.