WD-40 (NASDAQ:WDFC) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its stake in WD-40 (NASDAQ:WDFC) by 70.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 566 shares of the specialty chemicals company’s stock after acquiring an additional 233 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in WD-40 were worth $137,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WDFC. SBI Securities Co. Ltd. purchased a new position in WD-40 in the 4th quarter worth about $2,185,000. Jones Financial Companies Lllp increased its position in shares of WD-40 by 222.4% in the fourth quarter. Jones Financial Companies Lllp now owns 648 shares of the specialty chemicals company’s stock worth $157,000 after acquiring an additional 447 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of WD-40 by 525.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 163 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of WD-40 by 67.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 876 shares of the specialty chemicals company’s stock worth $212,000 after acquiring an additional 354 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of WD-40 in the fourth quarter worth approximately $6,537,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a “buy” rating and set a $322.00 price target on shares of WD-40 in a report on Monday, January 27th.

WD-40 Stock Performance

WDFC stock opened at $238.58 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 45.71 and a beta of -0.10. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36. The firm has a 50 day moving average of $235.53 and a two-hundred day moving average of $253.60.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $147.40 million. During the same quarter in the prior year, the business earned $1.28 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. As a group, equities analysts anticipate that WD-40 will post 5.42 EPS for the current fiscal year.

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.