23,465 WD-40 Company $WDFC Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC trimmed its position in shares of WD-40 Company (NASDAQ:WDFC) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,734 shares of the specialty chemicals company’s stock after selling 23,465 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 0.77% of WD-40 worth $20,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in WD-40 in the second quarter valued at approximately $1,814,000. BlackRock Inc. acquired a new position in shares of WD-40 during the 2nd quarter worth $505,734,000. Man Group plc acquired a new position in shares of WD-40 during the 2nd quarter worth $2,791,000. Jupiter Topco LLC acquired a new position in shares of WD-40 during the 2nd quarter worth $1,503,000. Finally, One Wealth Advisors LLC bought a new position in shares of WD-40 during the 2nd quarter valued at $1,705,000. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Performance

Shares of NASDAQ WDFC opened at $233.00 on Thursday. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $298.90. The company has a market cap of $3.12 billion, a P/E ratio of 35.89 and a beta of 0.27. The business’s 50 day moving average is $205.42 and its two-hundred day moving average is $219.71. The company has a quick ratio of 1.85, a current ratio of 2.57 and a debt-to-equity ratio of 0.31.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Wednesday, October 21st. The specialty chemicals company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.07). The business had revenue of $176.78 million during the quarter, compared to the consensus estimate of $172.07 million. WD-40 had a net margin of 11.97% and a return on equity of 30.84%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 earnings per share. On average, equities analysts expect that WD-40 Company will post 6.55 EPS for the current year.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Monday, October 19th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, October 19th. WD-40’s dividend payout ratio (DPR) is currently 67.11%.

Insider Transactions at WD-40

In other news, insider Patricia Olsem sold 200 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $234.72, for a total transaction of $46,944.00. Following the transaction, the insider owned 4,574 shares in the company, valued at approximately $1,073,609.28. The trade was a 4.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. DA Davidson increased their target price on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Zacks Research lowered WD-40 from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Finally, Weiss Ratings cut WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $305.00.

WD-40 Company Profile

WD-40 Company develops and markets maintenance, cleaning and homecare products for consumers, professional tradespeople and industrial users. Its best-known product is WD-40 Multi-Use Product, a spray designed to displace moisture, protect metal, loosen rusted parts and lubricate equipment. The company also offers WD-40 Specialist products for specific maintenance applications and the 3-IN-ONE line of lubricants.

The company’s homecare and cleaning portfolio has included brands such as X-14, 2000 Flushes and Carpet Fresh.