Crossmark Global Holdings Inc. Grows Stake in WD-40 (NASDAQ:WDFC)

Crossmark Global Holdings Inc. increased its holdings in WD-40 (NASDAQ:WDFC) by 24.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,193 shares of the specialty chemicals company’s stock after buying an additional 233 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in WD-40 were worth $307,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Covestor Ltd raised its position in shares of WD-40 by 41.3% in the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 66 shares during the last quarter. Radnor Capital Management LLC purchased a new position in WD-40 during the 3rd quarter worth approximately $1,960,000. Pittenger & Anderson Inc. grew its stake in shares of WD-40 by 10.3% in the 3rd quarter. Pittenger & Anderson Inc. now owns 4,060 shares of the specialty chemicals company’s stock valued at $1,047,000 after purchasing an additional 380 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in WD-40 by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company’s stock worth $82,975,000 after acquiring an additional 5,381 shares during the period. Finally, PineStone Asset Management Inc. increased its position in shares of WD-40 by 4.4% in the third quarter. PineStone Asset Management Inc. now owns 40,700 shares of the specialty chemicals company’s stock valued at $10,496,000 after buying an additional 1,700 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Stock Performance

Shares of WD-40 stock opened at $279.01 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.70 and a current ratio of 2.47. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The firm’s 50-day simple moving average is $263.00 and its 200-day simple moving average is $247.37. The firm has a market cap of $3.78 billion, a PE ratio of 54.60 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.11). The business had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. WD-40’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 EPS. Equities analysts forecast that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a $0.88 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 annualized dividend and a yield of 1.26%. WD-40’s dividend payout ratio is presently 68.88%.

Wall Street Analyst Weigh In

WDFC has been the subject of several recent analyst reports. DA Davidson lifted their target price on shares of WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Jefferies Financial Group raised their target price on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

Insider Transactions at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the completion of the sale, the director now directly owns 7,999 shares in the company, valued at $2,317,310.30. This represents a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.65% of the company’s stock.

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.