WD-40 (WDFC) Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its holdings in WD-40 (NASDAQ:WDFC) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,119 shares of the specialty chemicals company’s stock after acquiring an additional 2,123 shares during the quarter. Legal & General Group Plc owned approximately 0.23% of WD-40 worth $5,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in WDFC. Acropolis Investment Management LLC bought a new position in WD-40 in the 3rd quarter valued at $103,000. Stratos Wealth Partners LTD. bought a new position in WD-40 in the 3rd quarter valued at $103,000. Benjamin F. Edwards & Company Inc. grew its position in WD-40 by 172.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 832 shares of the specialty chemicals company’s stock valued at $143,000 after acquiring an additional 527 shares during the last quarter. Hollencrest Capital Management bought a new position in WD-40 in the 3rd quarter valued at $202,000. Finally, Janney Montgomery Scott LLC bought a new position in WD-40 in the 3rd quarter valued at $208,000. 89.87% of the stock is currently owned by institutional investors.

In related news, VP Stanley Sewitch, Jr. sold 2,167 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $166.15, for a total transaction of $360,047.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael L. Freeman sold 6,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $167.36, for a total value of $1,004,160.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,720 shares of company stock worth $2,630,634. 2.09% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on WDFC shares. DA Davidson started coverage on WD-40 in a research report on Friday, December 7th. They set a “buy” rating on the stock. Zacks Investment Research raised WD-40 from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Finally, BidaskClub downgraded WD-40 from a “buy” rating to a “hold” rating in a research report on Saturday, September 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $149.67.

WDFC opened at $169.99 on Friday. WD-40 has a 12-month low of $116.10 and a 12-month high of $187.50. The firm has a market cap of $2.54 billion, a PE ratio of 41.16, a PEG ratio of 4.06 and a beta of 0.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.53 and a current ratio of 1.96.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Wednesday, January 9th. The specialty chemicals company reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. WD-40 had a return on equity of 38.46% and a net margin of 15.98%. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.10 million. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts expect that WD-40 will post 4.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Tuesday, December 18th will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, January 17th. This represents a $2.44 dividend on an annualized basis and a yield of 1.44%. This is an increase from WD-40’s previous quarterly dividend of $0.54. WD-40’s dividend payout ratio (DPR) is presently 52.30%.

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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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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