WD-40 (NASDAQ:WDFC) Shares Purchased by Buckhead Capital Management LLC

Buckhead Capital Management LLC increased its holdings in WD-40 (NASDAQ:WDFC) by 8.7% in the 4th quarter, HoldingsChannel reports. The fund owned 2,136 shares of the specialty chemicals company’s stock after purchasing an additional 171 shares during the quarter. Buckhead Capital Management LLC’s holdings in WD-40 were worth $511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of WD-40 in the 4th quarter valued at about $44,000. Pacer Advisors Inc. purchased a new position in shares of WD-40 during the 4th quarter worth $56,000. Strs Ohio lifted its stake in shares of WD-40 by 100.0% during the 3rd quarter. Strs Ohio now owns 400 shares of the specialty chemicals company’s stock worth $81,000 after purchasing an additional 200 shares during the period. Allworth Financial LP raised its position in shares of WD-40 by 122.3% in the 4th quarter. Allworth Financial LP now owns 738 shares of the specialty chemicals company’s stock worth $176,000 after buying an additional 406 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in WD-40 in the 4th quarter valued at $201,000. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other WD-40 news, CEO Steven A. Brass bought 432 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average cost of $232.22 per share, for a total transaction of $100,319.04. Following the transaction, the chief executive officer now directly owns 20,547 shares in the company, valued at $4,771,424.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other WD-40 news, CEO Steven A. Brass acquired 432 shares of the stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of $232.22 per share, for a total transaction of $100,319.04. Following the completion of the acquisition, the chief executive officer now owns 20,547 shares in the company, valued at approximately $4,771,424.34. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jeffrey G. Lindeman acquired 182 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $272.42 per share, with a total value of $49,580.44. Following the acquisition, the vice president now directly owns 3,073 shares of the company’s stock, valued at approximately $837,146.66. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 942 shares of company stock valued at $226,897. 0.65% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, DA Davidson reissued a “buy” rating and issued a $313.00 target price on shares of WD-40 in a report on Wednesday, April 10th.

WD-40 Stock Performance

WD-40 stock traded up $0.18 on Wednesday, reaching $226.31. 101,351 shares of the stock were exchanged, compared to its average volume of 131,874. The firm has a fifty day moving average price of $248.04 and a two-hundred day moving average price of $243.29. WD-40 has a twelve month low of $181.38 and a twelve month high of $278.78. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.07 billion, a PE ratio of 45.59 and a beta of -0.06.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The company had revenue of $139.10 million for the quarter, compared to analyst estimates of $140.51 million. During the same period in the prior year, the business earned $1.21 earnings per share. WD-40’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts anticipate that WD-40 will post 5.22 EPS for the current year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, April 18th. WD-40’s dividend payout ratio is presently 70.26%.

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 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.