WD-40 Company (WDFC) Position Held by Creative Planning
Creative Planning continued to hold its stake in WD-40 Company (NASDAQ:WDFC) during the second quarter, Holdings Channel reports. The firm owned 1,454 shares of the specialty chemicals company’s stock at the end of the second quarter. Creative Planning’s holdings in WD-40 were worth $160,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in WD-40 during the fourth quarter worth $15,872,000. Teachers Advisors LLC raised its stake in WD-40 by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 23,502 shares of the specialty chemicals company’s stock worth $2,747,000 after buying an additional 870 shares in the last quarter. Bank of Montreal Can raised its stake in WD-40 by 1,311.0% in the first quarter. Bank of Montreal Can now owns 13,122 shares of the specialty chemicals company’s stock worth $1,430,000 after buying an additional 12,192 shares in the last quarter. Legato Capital Management LLC raised its stake in WD-40 by 10,795.0% in the first quarter. Legato Capital Management LLC now owns 73,868 shares of the specialty chemicals company’s stock worth $678,000 after buying an additional 73,190 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in WD-40 by 570.3% in the first quarter. Conestoga Capital Advisors LLC now owns 155,185 shares of the specialty chemicals company’s stock worth $16,907,000 after buying an additional 132,035 shares in the last quarter. Institutional investors and hedge funds own 82.11% of the company’s stock.
Shares of WD-40 Company (NASDAQ WDFC) traded down 0.71% during mid-day trading on Friday, reaching $104.30. 13,858 shares of the company’s stock traded hands. WD-40 Company has a 12-month low of $100.60 and a 12-month high of $121.10. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 28.18 and a beta of 0.73. The stock has a 50-day moving average price of $107.83 and a 200 day moving average price of $107.41.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. The company had revenue of $98.20 million for the quarter, compared to the consensus estimate of $99.09 million. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. Analysts anticipate that WD-40 Company will post $3.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 21st were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.96 annualized dividend and a yield of 1.87%. WD-40’s dividend payout ratio (DPR) is 52.97%.
A number of analysts have recently weighed in on WDFC shares. Zacks Investment Research lowered shares of WD-40 from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. FBR & Co reiterated a “marketperform” rating on shares of WD-40 in a report on Tuesday, July 11th. Finally, B. Riley reiterated a “neutral” rating and set a $116.00 target price on shares of WD-40 in a report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $111.50.
In other WD-40 news, VP Jay Rembolt sold 621 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $108.00, for a total value of $67,068.00. Following the completion of the sale, the vice president now directly owns 36,428 shares of the company’s stock, valued at approximately $3,934,224. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 1,854 shares of company stock valued at $203,928. 3.90% of the stock is owned by corporate insiders.
WD-40 Company Profile
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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