Fulton Bank N.A. Has $225,000 Holdings in WD-40 (NASDAQ:WDFC)

Fulton Bank N.A. decreased its holdings in WD-40 (NASDAQ:WDFC) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 926 shares of the specialty chemicals company’s stock after selling 100 shares during the period. Fulton Bank N.A.’s holdings in WD-40 were worth $225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDFC. Millennium Management LLC raised its stake in WD-40 by 80.5% in the second quarter. Millennium Management LLC now owns 69,650 shares of the specialty chemicals company’s stock valued at $15,298,000 after buying an additional 31,055 shares during the period. Barclays PLC raised its stake in WD-40 by 309.7% in the third quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company’s stock valued at $9,566,000 after buying an additional 28,039 shares during the period. DF Dent & Co. Inc. raised its stake in WD-40 by 27.3% in the third quarter. DF Dent & Co. Inc. now owns 66,993 shares of the specialty chemicals company’s stock valued at $17,276,000 after buying an additional 14,358 shares during the period. Geode Capital Management LLC raised its stake in WD-40 by 3.5% in the third quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock valued at $97,524,000 after buying an additional 12,943 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in WD-40 by 13.7% in the second quarter. Jupiter Asset Management Ltd. now owns 92,005 shares of the specialty chemicals company’s stock valued at $20,208,000 after buying an additional 11,112 shares during the period. Institutional investors own 91.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WDFC has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th. DA Davidson reiterated a “buy” rating and set a $322.00 target price on shares of WD-40 in a research note on Monday, November 18th.

Insider Buying and Selling

In related news, Director William B. Noble sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total transaction of $289,700.00. Following the sale, the director now owns 7,999 shares of the company’s stock, valued at $2,317,310.30. This represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $240.75 on Friday. The firm has a market cap of $3.26 billion, a P/E ratio of 47.11 and a beta of -0.04. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37. WD-40 has a 1-year low of $211.03 and a 1-year high of $292.36. The business’s 50 day moving average is $264.59 and its 200-day moving average is $256.16.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. Equities research analysts predict that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, January 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.56%. This is an increase from WD-40’s previous quarterly dividend of $0.88. WD-40’s dividend payout ratio is currently 73.58%.

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.