Stifel Financial Corp Has $6.09 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

Stifel Financial Corp lifted its holdings in shares of WD-40 (NASDAQ:WDFC) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,606 shares of the specialty chemicals company’s stock after purchasing an additional 51 shares during the quarter. Stifel Financial Corp owned approximately 0.17% of WD-40 worth $6,087,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Covestor Ltd increased its stake in shares of WD-40 by 41.3% during the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 66 shares during the last quarter. Arizona State Retirement System increased its stake in shares of WD-40 by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 3,794 shares of the specialty chemicals company’s stock worth $833,000 after purchasing an additional 68 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of WD-40 by 34.9% during the 3rd quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock worth $84,000 after buying an additional 84 shares during the period. Blue Trust Inc. boosted its holdings in shares of WD-40 by 28.9% during the 3rd quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company’s stock worth $101,000 after buying an additional 88 shares during the period. Finally, KBC Group NV boosted its holdings in shares of WD-40 by 28.6% during the 3rd quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock worth $115,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

Insider Buying and Selling at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were 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 of the company’s stock, valued at $2,317,310.30. This represents a 11.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

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

WD-40 Price Performance

NASDAQ WDFC opened at $266.54 on Friday. 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 company has a fifty day simple moving average of $270.32 and a 200 day simple moving average of $252.83. The company has a market cap of $3.61 billion, a P/E ratio of 52.16 and a beta of -0.07.

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

WD-40 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.94 dividend. The ex-dividend date is Friday, January 17th. This is an increase from WD-40’s previous quarterly dividend of $0.88. This represents a $3.76 dividend on an annualized basis and a yield of 1.41%. WD-40’s dividend payout ratio is 68.88%.

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.