MML Investors Services LLC Purchases 209 Shares of WD-40 (WDFC)

MML Investors Services LLC increased its position in WD-40 (NASDAQ:WDFC) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,231 shares of the specialty chemicals company’s stock after purchasing an additional 209 shares during the period. MML Investors Services LLC’s holdings in WD-40 were worth $409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Investment Advisory Services LLC bought a new position in shares of WD-40 in the 4th quarter worth $33,000. Lindbrook Capital LLC purchased a new stake in WD-40 in the 4th quarter valued at $37,000. Oppenheimer Asset Management Inc. purchased a new stake in WD-40 in the 4th quarter valued at $45,000. Karp Capital Management Corp purchased a new stake in WD-40 in the 4th quarter valued at $55,000. Finally, Intercontinental Wealth Advisors LLC purchased a new stake in WD-40 in the 4th quarter valued at $113,000. Institutional investors own 91.14% of the company’s stock.

A number of research firms recently commented on WDFC. BidaskClub lowered WD-40 from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. ValuEngine lowered WD-40 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. Zacks Investment Research lowered WD-40 from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Finally, DA Davidson began coverage on WD-40 in a research report on Friday, December 7th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. WD-40 presently has an average rating of “Hold” and a consensus target price of $149.67.

NASDAQ WDFC opened at $169.82 on Thursday. The firm has a market capitalization of $2.37 billion, a P/E ratio of 41.12, a P/E/G ratio of 3.77 and a beta of 0.24. WD-40 has a 12 month low of $125.70 and a 12 month high of $187.50. The company has a quick ratio of 1.60, a current ratio of 2.19 and a debt-to-equity ratio of 0.41.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Wednesday, January 9th. The specialty chemicals company reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95. The business had revenue of $101.30 million during the quarter, compared to analyst estimates of $99.10 million. WD-40 had a return on equity of 38.51% and a net margin of 15.98%. WD-40’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. Equities analysts expect that WD-40 will post 4.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, April 17th. WD-40’s dividend payout ratio is presently 59.08%.

COPYRIGHT VIOLATION NOTICE: “MML Investors Services LLC Purchases 209 Shares of WD-40 (WDFC)” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2019/04/04/mml-investors-services-llc-purchases-209-shares-of-wd-40-wdfc.html.

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 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.

Further Reading: Find a Trading Strategy That Works

Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.