Buckhead Capital Management LLC Buys 171 Shares of WD-40 (NASDAQ:WDFC)

Buckhead Capital Management LLC boosted its holdings in WD-40 (NASDAQ:WDFC) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,136 shares of the specialty chemicals company’s stock after acquiring 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.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in WD-40 in the 3rd quarter valued at about $261,000. Simplicity Solutions LLC increased its stake in WD-40 by 9.9% in the 3rd quarter. Simplicity Solutions LLC now owns 3,781 shares of the specialty chemicals company’s stock valued at $768,000 after buying an additional 341 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in WD-40 by 8.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,205 shares of the specialty chemicals company’s stock valued at $651,000 after buying an additional 256 shares during the last quarter. Raymond James & Associates increased its stake in WD-40 by 1.6% in the 3rd quarter. Raymond James & Associates now owns 38,537 shares of the specialty chemicals company’s stock valued at $7,832,000 after buying an additional 603 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in WD-40 by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 21,745 shares of the specialty chemicals company’s stock valued at $4,419,000 after buying an additional 200 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

Insider Buying and Selling

In other WD-40 news, CEO Steven A. Brass bought 432 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average price 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 the SEC website. In other news, CEO Steven A. Brass acquired 432 shares of the firm’s 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 transaction, the chief executive officer now owns 20,547 shares of the company’s stock, valued at $4,771,424.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey G. Lindeman purchased 182 shares of WD-40 stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $272.42 per share, for a total transaction of $49,580.44. Following the transaction, the vice president now directly owns 3,073 shares of the company’s stock, valued at $837,146.66. The disclosure for this purchase can be found here. Insiders have acquired a total of 942 shares of company stock worth $226,897 in the last 90 days. 0.65% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, DA Davidson restated a “buy” rating and set a $313.00 price target on shares of WD-40 in a research note on Wednesday, April 10th.

WD-40 Stock Performance

Shares of WDFC stock traded up $0.18 during trading hours on Wednesday, hitting $226.31. 101,351 shares of the company were exchanged, compared to its average volume of 131,874. The firm has a fifty day simple moving average of $248.04 and a 200 day simple moving average of $243.29. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. WD-40 has a 52-week low of $181.38 and a 52-week high of $278.78. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 45.59 and a beta of -0.06.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $140.51 million. During the same period in the previous year, the firm posted $1.21 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Research analysts predict that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

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

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.