WD-40 (WDFC) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its stake in WD-40 (NASDAQ:WDFC) by 810.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,668 shares of the specialty chemicals company’s stock after purchasing an additional 10,386 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in WD-40 were worth $2,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WDFC. Raymond James & Associates raised its stake in WD-40 by 19.6% during the fourth quarter. Raymond James & Associates now owns 17,450 shares of the specialty chemicals company’s stock worth $3,198,000 after purchasing an additional 2,857 shares during the period. Eagle Asset Management Inc. raised its stake in WD-40 by 0.6% during the fourth quarter. Eagle Asset Management Inc. now owns 50,100 shares of the specialty chemicals company’s stock worth $9,181,000 after purchasing an additional 300 shares during the period. Texas Permanent School Fund raised its stake in WD-40 by 3.8% during the fourth quarter. Texas Permanent School Fund now owns 9,057 shares of the specialty chemicals company’s stock worth $1,660,000 after purchasing an additional 329 shares during the period. BlackRock Inc. raised its stake in WD-40 by 0.6% during the fourth quarter. BlackRock Inc. now owns 1,997,399 shares of the specialty chemicals company’s stock worth $366,042,000 after purchasing an additional 12,358 shares during the period. Finally, New York State Common Retirement Fund raised its stake in WD-40 by 8.6% during the fourth quarter. New York State Common Retirement Fund now owns 17,601 shares of the specialty chemicals company’s stock worth $3,226,000 after purchasing an additional 1,389 shares during the period. Institutional investors and hedge funds own 90.72% of the company’s stock.

A number of brokerages have commented on WDFC. Zacks Investment Research downgraded shares of WD-40 from a “hold” rating to a “sell” rating in a research note on Saturday, December 1st. BidaskClub downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. ValuEngine raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Finally, DA Davidson started coverage on shares of WD-40 in a research note on Friday, December 7th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $149.67.



WD-40 stock opened at $176.26 on Friday. The company has a market capitalization of $2.44 billion, a PE ratio of 42.68, a P/E/G ratio of 3.87 and a beta of 0.25. WD-40 has a 1 year low of $125.70 and a 1 year high of $187.50. The company has a current ratio of 2.19, a quick ratio of 1.60 and a debt-to-equity ratio of 0.41.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Wednesday, January 9th. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. The business had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.10 million. WD-40 had a net margin of 15.98% and a return on equity of 38.51%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS. On average, research analysts forecast that WD-40 will post 4.56 EPS for the current year.

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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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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