1,225 Shares in WD-40 (NASDAQ:WDFC) Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. purchased a new position in WD-40 (NASDAQ:WDFC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,225 shares of the specialty chemicals company’s stock, valued at approximately $293,000.

Other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of WD-40 in the 4th quarter worth approximately $510,000. Jump Financial LLC raised its holdings in WD-40 by 475.2% during the 4th quarter. Jump Financial LLC now owns 8,478 shares of the specialty chemicals company’s stock valued at $2,027,000 after acquiring an additional 7,004 shares during the period. Profit Investment Management LLC bought a new stake in WD-40 during the 4th quarter valued at $2,892,000. Aviva PLC bought a new stake in WD-40 during the 3rd quarter valued at $586,000. Finally, PineStone Asset Management Inc. raised its holdings in WD-40 by 25.5% during the 4th quarter. PineStone Asset Management Inc. now owns 34,000 shares of the specialty chemicals company’s stock valued at $8,128,000 after acquiring an additional 6,900 shares during the period. Institutional investors own 91.52% of the company’s stock.

WD-40 Trading Down 0.1 %

WD-40 stock opened at $230.98 on Friday. The stock has a market cap of $3.13 billion, a P/E ratio of 46.10 and a beta of -0.02. WD-40 has a fifty-two week low of $182.53 and a fifty-two week high of $278.78. The firm’s fifty day moving average price is $238.85 and its 200-day moving average price is $245.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.01. The firm had revenue of $139.10 million for the quarter, compared to analysts’ expectations of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Equities research analysts forecast that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $3.52 annualized dividend and a yield of 1.52%. WD-40’s dividend payout ratio (DPR) is presently 70.26%.

Insider Buying and Selling

In related news, CEO Steven A. Brass bought 432 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average cost of $232.22 per share, for a total transaction of $100,319.04. Following the completion of the transaction, the chief executive officer now owns 20,547 shares of the company’s stock, valued at $4,771,424.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other WD-40 news, CEO Steven A. Brass purchased 432 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of $232.22 per share, for a total transaction of $100,319.04. Following the completion of the transaction, the chief executive officer now directly owns 20,547 shares in the company, valued at approximately $4,771,424.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Pendarvis purchased 328 shares of the business’s stock in a transaction on Friday, April 12th. The shares were acquired at an average price of $234.75 per share, with a total value of $76,998.00. Following the completion of the transaction, the director now owns 4,934 shares of the company’s stock, valued at $1,158,256.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 973 shares of company stock worth $226,910. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

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

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.