WD-40 (NASDAQ:WDFC) Stock Holdings Lessened by One Wealth Advisors LLC

One Wealth Advisors LLC decreased its stake in WD-40 (NASDAQ:WDFC) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,296 shares of the specialty chemicals company’s stock after selling 300 shares during the quarter. One Wealth Advisors LLC owned approximately 0.10% of WD-40 worth $3,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Creative Planning lifted its position in shares of WD-40 by 17.7% in the third quarter. Creative Planning now owns 3,053 shares of the specialty chemicals company’s stock worth $787,000 after buying an additional 459 shares during the last quarter. GAMMA Investing LLC lifted its holdings in WD-40 by 34.9% in the 3rd quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock worth $84,000 after purchasing an additional 84 shares during the last quarter. Handelsbanken Fonder AB boosted its position in WD-40 by 9.8% during the third quarter. Handelsbanken Fonder AB now owns 3,365 shares of the specialty chemicals company’s stock worth $868,000 after purchasing an additional 300 shares during the period. Cubist Systematic Strategies LLC grew its holdings in WD-40 by 1.0% during the second quarter. Cubist Systematic Strategies LLC now owns 12,536 shares of the specialty chemicals company’s stock valued at $2,753,000 after purchasing an additional 125 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in WD-40 in the 2nd quarter valued at approximately $325,000. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, DA Davidson cut their target price on WD-40 from $313.00 to $303.00 and set a “buy” rating for the company in a research note on Thursday, July 11th.

WD-40 Price Performance

NASDAQ WDFC traded up $0.19 during trading on Thursday, reaching $263.84. 2,790 shares of the company traded hands, compared to its average volume of 104,969. The stock’s 50 day moving average price is $256.28 and its two-hundred day moving average price is $242.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 51.80 and a beta of -0.08. WD-40 has a 1-year low of $194.09 and a 1-year high of $278.78.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. WD-40’s dividend payout ratio is 69.16%.

About WD-40

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.