WD-40 (NASDAQ:WDFC) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its stake in WD-40 (NASDAQ:WDFC) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,034 shares of the specialty chemicals company’s stock after selling 68 shares during the quarter. Avantax Advisory Services Inc.’s holdings in WD-40 were worth $979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HighTower Advisors LLC lifted its stake in shares of WD-40 by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company’s stock worth $1,625,000 after acquiring an additional 57 shares during the period. Wealthfront Advisers LLC acquired a new stake in WD-40 in the fourth quarter worth approximately $644,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in WD-40 by 10.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,384 shares of the specialty chemicals company’s stock valued at $821,000 after purchasing an additional 325 shares in the last quarter. AlphaQuest LLC increased its position in shares of WD-40 by 321.7% during the 4th quarter. AlphaQuest LLC now owns 4,074 shares of the specialty chemicals company’s stock valued at $989,000 after purchasing an additional 3,108 shares during the period. Finally, Amundi raised its stake in shares of WD-40 by 181.4% in the 4th quarter. Amundi now owns 6,875 shares of the specialty chemicals company’s stock worth $1,641,000 after buying an additional 4,432 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

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

WD-40 Stock Down 1.9 %

NASDAQ WDFC opened at $239.71 on Thursday. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36. The company has a market capitalization of $3.25 billion, a P/E ratio of 45.92 and a beta of -0.10. The company’s 50 day simple moving average is $235.88 and its 200 day simple moving average is $253.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75.

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

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.57%. WD-40’s payout ratio is presently 72.03%.

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.