951 Shares in WD-40 (NASDAQ:WDFC) Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. acquired a new position in WD-40 (NASDAQ:WDFC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 951 shares of the specialty chemicals company’s stock, valued at approximately $227,000.

Several other institutional investors also recently bought and sold shares of WDFC. JPMorgan Chase & Co. boosted its holdings in shares of WD-40 by 7.7% during the 1st quarter. JPMorgan Chase & Co. now owns 27,928 shares of the specialty chemicals company’s stock worth $5,117,000 after purchasing an additional 1,991 shares during the last quarter. US Bancorp DE boosted its holdings in shares of WD-40 by 3.2% during the 1st quarter. US Bancorp DE now owns 2,249 shares of the specialty chemicals company’s stock worth $412,000 after purchasing an additional 69 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of WD-40 by 5.4% during the 1st quarter. HighTower Advisors LLC now owns 4,069 shares of the specialty chemicals company’s stock worth $734,000 after purchasing an additional 208 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of WD-40 by 5.3% during the 1st quarter. Citigroup Inc. now owns 13,825 shares of the specialty chemicals company’s stock worth $2,533,000 after purchasing an additional 690 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of WD-40 by 57.7% during the 1st quarter. MetLife Investment Management LLC now owns 7,416 shares of the specialty chemicals company’s stock worth $1,359,000 after purchasing an additional 2,713 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Stock Down 1.3 %

WDFC stock opened at $231.92 on Wednesday. The firm has a market cap of $3.14 billion, a PE ratio of 46.29 and a beta of -0.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27. The firm’s 50 day moving average price is $256.18 and its 200-day moving average price is $241.31. WD-40 has a one year low of $181.38 and a one year high of $278.78.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.13 by $0.01. The firm had revenue of $139.10 million for the quarter, compared to analyst estimates of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.21 EPS. On average, equities research analysts anticipate that WD-40 will post 5.22 EPS for the current year.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. WD-40’s dividend payout ratio (DPR) is 70.26%.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and set a $313.00 target price on shares of WD-40 in a report on Wednesday, April 10th.

Insiders Place Their Bets

In other WD-40 news, Director David Pendarvis purchased 328 shares of the company’s stock in a transaction on Friday, April 12th. The stock was acquired at an average price of $234.75 per share, for a total transaction of $76,998.00. Following the completion of the purchase, the director now directly owns 4,934 shares in the company, valued at approximately $1,158,256.50. The purchase was disclosed in a filing with the SEC, which is available through this link. In other WD-40 news, VP Jeffrey G. Lindeman purchased 182 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $272.42 per share, for a total transaction of $49,580.44. Following the completion of the purchase, the vice president now directly owns 3,073 shares in the company, valued at approximately $837,146.66. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director David Pendarvis bought 328 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average price of $234.75 per share, with a total value of $76,998.00. Following the purchase, the director now owns 4,934 shares of the company’s stock, valued at approximately $1,158,256.50. The disclosure for this purchase can be found here. Insiders own 0.65% of the company’s stock.

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.