Fortis Capital Advisors LLC Invests $263,000 in WD-40 (NASDAQ:WDFC)

Fortis Capital Advisors LLC bought a new position in shares of WD-40 (NASDAQ:WDFC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,100 shares of the specialty chemicals company’s stock, valued at approximately $263,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in WD-40 during the 4th quarter worth $44,000. Pacer Advisors Inc. bought a new position in WD-40 during the 4th quarter worth $56,000. Principal Securities Inc. bought a new position in shares of WD-40 in the 4th quarter valued at $60,000. Quadrant Capital Group LLC increased its stake in shares of WD-40 by 33.8% in the 4th quarter. Quadrant Capital Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 130 shares during the last quarter. Finally, Allworth Financial LP increased its stake 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 valued at $176,000 after purchasing an additional 406 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at WD-40

In other news, CEO Steven A. Brass acquired 432 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average price of $232.22 per share, with a total value of $100,319.04. Following the acquisition, the chief executive officer now directly owns 20,547 shares in the company, valued at approximately $4,771,424.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Steven A. Brass acquired 432 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average price of $232.22 per share, with a total value of $100,319.04. Following the acquisition, the chief executive officer now directly owns 20,547 shares in the company, valued at approximately $4,771,424.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sara Kathleen Hyzer acquired 213 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average cost of $232.83 per share, for a total transaction of $49,592.79. Following the acquisition, the chief financial officer now owns 2,676 shares in the company, valued at $623,053.08. The disclosure for this purchase can be found here. Insiders have bought a total of 973 shares of company stock valued at $226,910 in the last 90 days. 0.65% of the stock is owned by corporate insiders.

WD-40 Price Performance

Shares of WDFC traded down $0.12 during midday trading on Friday, hitting $230.98. The company’s stock had a trading volume of 43,745 shares, compared to its average volume of 67,702. WD-40 has a one year low of $182.53 and a one year high of $278.78. The company’s fifty day simple moving average is $238.85 and its two-hundred day simple moving average is $245.76. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 46.10 and a beta of -0.02.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The company had revenue of $139.10 million for the quarter, compared to analyst estimates of $140.51 million. During the same quarter last year, the company posted $1.21 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts expect that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is 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.