Sanctuary Advisors LLC Increases Stock Position in WD-40 (NASDAQ:WDFC)

Sanctuary Advisors LLC grew its stake in WD-40 (NASDAQ:WDFC) by 30.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,881 shares of the specialty chemicals company’s stock after buying an additional 438 shares during the period. Sanctuary Advisors LLC’s holdings in WD-40 were worth $534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WDFC. Coldstream Capital Management Inc. increased its position in shares of WD-40 by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company’s stock valued at $321,000 after purchasing an additional 40 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of WD-40 by 3.5% during the third quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock worth $97,524,000 after acquiring an additional 12,943 shares in the last quarter. Barclays PLC lifted its holdings in shares of WD-40 by 309.7% in the 3rd quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company’s stock worth $9,566,000 after acquiring an additional 28,039 shares during the last quarter. DF Dent & Co. Inc. grew its holdings in shares of WD-40 by 27.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 66,993 shares of the specialty chemicals company’s stock valued at $17,276,000 after purchasing an additional 14,358 shares during the last quarter. Finally, State Street Corp raised its position in WD-40 by 1.8% in the 3rd quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company’s stock worth $134,911,000 after purchasing an additional 9,418 shares during the period. Institutional investors own 91.52% of the company’s stock.

WD-40 Price Performance

WDFC stock opened at $247.82 on Thursday. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $270.27 and its two-hundred day moving average price is $254.90. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 48.50 and a beta of -0.07. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). The business had revenue of $156.00 million for the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 EPS. As a group, equities 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 issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.76 annualized dividend and a yield of 1.52%. This is a boost from WD-40’s previous quarterly dividend of $0.88. WD-40’s payout ratio is 73.58%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and set a $322.00 price objective on shares of WD-40 in a research note on Monday, November 18th. Jefferies Financial Group lifted their price target on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th.

Insider Buying and Selling at WD-40

In related news, Director William B. Noble sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total transaction of $289,700.00. Following the transaction, the director now owns 7,999 shares in the company, valued at $2,317,310.30. The trade was a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

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.