WD-40 (NASDAQ:WDFC) Stock Holdings Lifted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its stake in shares of WD-40 (NASDAQ:WDFC) by 24.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,193 shares of the specialty chemicals company’s stock after acquiring an additional 233 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in WD-40 were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WDFC. V Square Quantitative Management LLC acquired a new stake in shares of WD-40 during the third quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale purchased a new position in WD-40 during the 1st quarter worth approximately $34,000. Advisors Asset Management Inc. acquired a new stake in WD-40 during the 1st quarter valued at $43,000. Covestor Ltd lifted its holdings in shares of WD-40 by 57.7% in the first quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 79 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of WD-40 in the second quarter worth $67,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the completion of the sale, the director now owns 7,999 shares of the company’s stock, valued at $2,317,310.30. The trade was a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.65% of the company’s stock.

WD-40 Trading Down 0.5 %

Shares of NASDAQ:WDFC opened at $279.01 on Monday. The firm has a fifty day moving average of $263.00 and a two-hundred day moving average of $247.37. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. The firm has a market capitalization of $3.78 billion, a P/E ratio of 54.60 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The firm had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. During the same period in the previous year, the business posted $1.21 EPS. WD-40’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts expect that WD-40 will post 5.36 EPS for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, October 18th. WD-40’s payout ratio is presently 68.88%.

Wall Street Analyst Weigh In

WDFC has been the topic of several recent analyst reports. DA Davidson upped their price target on WD-40 from $303.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Jefferies Financial Group upped their target price on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

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.