15,236 Shares in WD-40 (NASDAQ:WDFC) Purchased by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC bought a new stake in shares of WD-40 (NASDAQ:WDFC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,236 shares of the specialty chemicals company’s stock, valued at approximately $2,874,000.

Other hedge funds have also recently bought and sold shares of the company. Strs Ohio purchased a new stake in WD-40 in the 2nd quarter worth approximately $37,000. WFA of San Diego LLC acquired a new stake in shares of WD-40 in the second quarter worth about $38,000. Quantbot Technologies LP bought a new stake in shares of WD-40 during the 2nd quarter worth about $44,000. Dark Forest Capital Management LP acquired a new position in shares of WD-40 during the 1st quarter valued at about $53,000. Finally, Lazard Asset Management LLC increased its holdings in shares of WD-40 by 1,805.3% during the 4th quarter. Lazard Asset Management LLC now owns 362 shares of the specialty chemicals company’s stock valued at $58,000 after acquiring an additional 343 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

WD-40 Price Performance

Shares of WDFC traded up $5.98 during mid-day trading on Tuesday, reaching $230.33. The company had a trading volume of 186,521 shares, compared to its average volume of 101,449. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.80 and a quick ratio of 1.82. The company has a market capitalization of $3.12 billion, a P/E ratio of 46.55 and a beta of -0.15. WD-40 has a twelve month low of $157.52 and a twelve month high of $234.69. The company’s 50-day moving average is $208.97 and its 200-day moving average is $206.50.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, October 19th. The specialty chemicals company reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. The business had revenue of $140.50 million during the quarter, compared to analysts’ expectations of $138.20 million. WD-40 had a net margin of 12.28% and a return on equity of 32.81%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. On average, equities analysts anticipate that WD-40 will post 5.1 EPS for the current year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 20th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, October 19th. WD-40’s payout ratio is currently 68.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WDFC. StockNews.com started coverage on shares of WD-40 in a research note on Thursday, October 5th. They issued a “hold” rating for the company. DA Davidson lifted their price objective on WD-40 from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, October 20th.

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.