Radnor Capital Management LLC Buys New Shares in WD-40 (NASDAQ:WDFC)

Radnor Capital Management LLC bought a new position in WD-40 (NASDAQ:WDFC) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,600 shares of the specialty chemicals company’s stock, valued at approximately $1,960,000. Radnor Capital Management LLC owned about 0.06% of WD-40 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WDFC. Acadian Asset Management LLC raised its stake in WD-40 by 1,131.2% in the first quarter. Acadian Asset Management LLC now owns 4,063 shares of the specialty chemicals company’s stock worth $1,023,000 after buying an additional 3,733 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of WD-40 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock worth $411,374,000 after buying an additional 6,532 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of WD-40 during the 1st quarter worth approximately $20,491,000. Lord Abbett & CO. LLC acquired a new position in shares of WD-40 during the 1st quarter worth approximately $4,180,000. Finally, Quest Partners LLC acquired a new position in shares of WD-40 during the 2nd quarter worth approximately $547,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Insider Buying and Selling at WD-40

In other news, Director William B. Noble sold 800 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total transaction of $205,584.00. Following the completion of the transaction, the director now directly owns 8,999 shares of the company’s stock, valued at approximately $2,312,563.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson boosted their price target on WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Jefferies Financial Group upped their target price on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

WD-40 Stock Up 2.4 %

Shares of NASDAQ:WDFC opened at $274.02 on Wednesday. The business has a 50-day moving average price of $259.86 and a 200 day moving average price of $244.42. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 53.62 and a beta of -0.08. WD-40 has a 12-month low of $211.03 and a 12-month high of $278.78.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). The business had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 earnings per share. Sell-side analysts expect that WD-40 will post 5.36 EPS for the current year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, October 18th. WD-40’s dividend payout ratio is currently 68.88%.

WD-40 Company 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 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.