26,937 Shares in WD-40 (NASDAQ:WDFC) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in WD-40 (NASDAQ:WDFC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 26,937 shares of the specialty chemicals company’s stock, valued at approximately $6,537,000. Proficio Capital Partners LLC owned 0.20% of WD-40 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of WD-40 by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 129,894 shares of the specialty chemicals company’s stock worth $31,523,000 after buying an additional 1,932 shares during the last quarter. Dividend Assets Capital LLC boosted its stake in shares of WD-40 by 13.7% during the 4th quarter. Dividend Assets Capital LLC now owns 13,996 shares of the specialty chemicals company’s stock worth $3,396,000 after buying an additional 1,686 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of WD-40 by 11.9% during the 4th quarter. Handelsbanken Fonder AB now owns 3,765 shares of the specialty chemicals company’s stock worth $914,000 after buying an additional 400 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of WD-40 during the 4th quarter worth about $1,092,000. Finally, New York State Common Retirement Fund boosted its stake in shares of WD-40 by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 7,008 shares of the specialty chemicals company’s stock worth $1,701,000 after buying an additional 400 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Stock Up 0.2 %

Shares of WDFC stock opened at $238.98 on Tuesday. 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’s 50-day moving average is $235.78 and its 200-day moving average is $254.30. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 45.78 and a beta of -0.05. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. The company had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. WD-40’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 EPS. Sell-side analysts predict that WD-40 will post 5.42 EPS for the current year.

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, January 17th. WD-40’s dividend payout ratio is presently 72.03%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a “buy” rating and set a $322.00 price objective on shares of WD-40 in a research note on Monday, January 27th.

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.