Seizert Capital Partners LLC Invests $1.21 Million in WD-40 (NASDAQ:WDFC)

Seizert Capital Partners LLC purchased a new position in WD-40 (NASDAQ:WDFC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,628 shares of the specialty chemicals company’s stock, valued at approximately $1,213,000.

Several other large investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in WD-40 during the second quarter worth about $43,000. Gradient Investments LLC acquired a new stake in WD-40 during the second quarter worth about $80,000. Quadrant Capital Group LLC increased its position in WD-40 by 12,500.0% during the first quarter. Quadrant Capital Group LLC now owns 504 shares of the specialty chemicals company’s stock worth $83,000 after purchasing an additional 500 shares during the last quarter. Advisory Services Network LLC increased its position in WD-40 by 12.6% during the first quarter. Advisory Services Network LLC now owns 618 shares of the specialty chemicals company’s stock worth $105,000 after purchasing an additional 69 shares during the last quarter. Finally, Sigma Planning Corp acquired a new stake in WD-40 during the second quarter worth about $228,000. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on WDFC. DA Davidson set a $209.00 price objective on shares of WD-40 and gave the stock a “buy” rating in a research report on Monday, July 15th. BidaskClub upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Zacks Investment Research cut shares of WD-40 from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th.

Shares of WDFC traded down $2.99 during trading on Friday, reaching $181.06. 97,426 shares of the company traded hands, compared to its average volume of 95,895. WD-40 has a twelve month low of $149.38 and a twelve month high of $188.28. The stock has a market cap of $2.53 billion, a PE ratio of 41.64, a price-to-earnings-growth ratio of 3.96 and a beta of 0.25. The stock has a 50-day simple moving average of $178.89 and a 200-day simple moving average of $170.82. The company has a quick ratio of 1.39, a current ratio of 1.90 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Tuesday, July 9th. The specialty chemicals company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. WD-40 had a net margin of 16.45% and a return on equity of 40.12%. The business had revenue of $114.00 million during the quarter, compared to analysts’ expectations of $109.40 million. During the same period last year, the business earned $1.15 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that WD-40 will post 4.65 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, July 18th. WD-40’s dividend payout ratio is presently 59.08%.

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 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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