Strs Ohio Sells 200 Shares of WD-40 (NASDAQ:WDFC)

Strs Ohio decreased its position in WD-40 (NASDAQ:WDFC – Get Rating) by 50.0% during the third quarter, HoldingsChannel reports. The firm owned 200 shares of the specialty chemicals company’s stock after selling 200 shares during the quarter. Strs Ohio’s holdings in WD-40 were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of WDFC. Venture Visionary Partners LLC bought a new position in shares of WD-40 in the second quarter valued at approximately $37,000. WFA of San Diego LLC bought a new position in shares of WD-40 in the second quarter valued at approximately $40,000. Quantbot Technologies LP bought a new position in shares of WD-40 in the second quarter valued at approximately $44,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of WD-40 in the third quarter valued at approximately $54,000. Finally, Larson Financial Group LLC bought a new position in shares of WD-40 in the second quarter valued at approximately $61,000. Institutional investors own 92.24% of the company’s stock.

WD-40 Stock Up 5.2 %

WDFC opened at $176.71 on Monday. WD-40 has a fifty-two week low of $145.16 and a fifty-two week high of $236.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.25 and a quick ratio of 1.20. The firm’s fifty day moving average price is $167.59 and its two-hundred day moving average price is $175.33. The company has a market capitalization of $2.40 billion, a P/E ratio of 38.58 and a beta of -0.18.

WD-40 (NASDAQ:WDFC – Get Rating) last posted its quarterly earnings results on Monday, January 9th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.07). WD-40 had a return on equity of 32.44% and a net margin of 12.33%. The business had revenue of $124.89 million for the quarter, compared to analyst estimates of $140.70 million. During the same quarter in the prior year, the firm earned $1.34 EPS. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. On average, analysts anticipate that WD-40 will post 5.19 EPS for the current year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $3.32 dividend on an annualized basis and a yield of 1.88%. This is an increase from WD-40’s previous quarterly dividend of $0.78. WD-40’s payout ratio is currently 72.49%.

Insider Activity

In other news, CEO Steven A. Brass bought 632 shares of WD-40 stock in a transaction dated Wednesday, October 26th. The shares were bought at an average price of $158.16 per share, for a total transaction of $99,957.12. Following the purchase, the chief executive officer now owns 15,389 shares of the company’s stock, valued at $2,433,924.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Patricia Q. Olsem sold 625 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $165.00, for a total value of $103,125.00. Following the sale, the insider now owns 3,181 shares in the company, valued at approximately $524,865. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven A. Brass bought 632 shares of WD-40 stock in a transaction dated Wednesday, October 26th. The stock was purchased at an average price of $158.16 per share, for a total transaction of $99,957.12. Following the purchase, the chief executive officer now directly owns 15,389 shares in the company, valued at approximately $2,433,924.24. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WDFC has been the topic of several research analyst reports. DA Davidson raised their price objective on shares of WD-40 from $205.00 to $207.00 and gave the stock a “buy” rating in a research note on Thursday, October 20th. StockNews.com initiated coverage on shares of WD-40 in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

WD-40 Profile

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WD-40 Co engages in developing and selling products that solve problems in workshops, factories, and homes. The firm operates through the following geographical segments: Americas, Europe, Middle East, and Africa (EMEA), and Asia-Pacific. Its product brands include WD-40 multi-use product, WD-40 specialist, 3-in-one, GT85, X-14, 2000 flushes, carpet fresh, no vac, spot shot, 1001, lava, and solvol.