Vest Financial LLC Purchases New Shares in WD-40 Company $WDFC

Vest Financial LLC purchased a new stake in WD-40 Company (NASDAQ:WDFC) during the 2nd quarter, HoldingsChannel reports. The firm purchased 4,483 shares of the specialty chemicals company’s stock, valued at approximately $1,023,000.

Other large investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its holdings in shares of WD-40 by 4.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 48 shares in the last quarter. KBC Group NV boosted its holdings in shares of WD-40 by 8.9% during the 1st quarter. KBC Group NV now owns 597 shares of the specialty chemicals company’s stock valued at $146,000 after buying an additional 49 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of WD-40 by 5.9% during the 1st quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company’s stock valued at $218,000 after buying an additional 50 shares in the last quarter. Xponance Inc. boosted its holdings in shares of WD-40 by 5.4% during the 1st quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company’s stock valued at $253,000 after buying an additional 53 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of WD-40 by 3.9% during the 1st quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company’s stock valued at $362,000 after buying an additional 56 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

WD-40 Price Performance

WDFC opened at $190.43 on Thursday. The stock has a 50-day moving average price of $209.32 and a 200-day moving average price of $223.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02. The firm has a market cap of $2.58 billion, a PE ratio of 29.99 and a beta of 0.09. WD-40 Company has a 1 year low of $189.04 and a 1 year high of $292.36.

WD-40 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 20th will be given a $0.94 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.0%. WD-40’s payout ratio is 59.21%.

Analyst Ratings Changes

A number of brokerages have recently commented on WDFC. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. DA Davidson dropped their target price on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, July 11th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $290.00.

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.