Ontario Teachers Pension Plan Board Acquires New Stake in WD-40 (WDFC)

Ontario Teachers Pension Plan Board acquired a new stake in shares of WD-40 (NASDAQ:WDFC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,402 shares of the specialty chemicals company’s stock, valued at approximately $413,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WDFC. FMR LLC acquired a new position in WD-40 in the third quarter worth about $256,000. BlackRock Inc. grew its stake in WD-40 by 3.6% during the third quarter. BlackRock Inc. now owns 1,985,041 shares of the specialty chemicals company’s stock worth $341,624,000 after buying an additional 68,453 shares during the last quarter. Bank of New York Mellon Corp grew its stake in WD-40 by 6.7% during the third quarter. Bank of New York Mellon Corp now owns 240,460 shares of the specialty chemicals company’s stock worth $41,383,000 after buying an additional 15,098 shares during the last quarter. Alliancebernstein L.P. grew its stake in WD-40 by 14.7% during the third quarter. Alliancebernstein L.P. now owns 21,850 shares of the specialty chemicals company’s stock worth $3,760,000 after buying an additional 2,800 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in WD-40 by 12.5% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,312 shares of the specialty chemicals company’s stock worth $570,000 after buying an additional 369 shares during the last quarter. 89.37% of the stock is owned by institutional investors and hedge funds.

In other news, VP Stanley Sewitch, Jr. sold 2,167 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $166.15, for a total transaction of $360,047.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael L. Freeman sold 6,000 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $167.36, for a total transaction of $1,004,160.00. The disclosure for this sale can be found here. Insiders have sold 15,720 shares of company stock worth $2,630,634 over the last ninety days. Insiders own 2.09% of the company’s stock.

Shares of WD-40 stock opened at $174.68 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.53 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 3.91 and a beta of 0.52. WD-40 has a 1-year low of $115.55 and a 1-year high of $184.25.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, October 18th. The specialty chemicals company reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.55. The firm had revenue of $102.60 million for the quarter. WD-40 had a net margin of 15.96% and a return on equity of 38.51%. WD-40’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 earnings per share. As a group, equities analysts anticipate that WD-40 will post 4.5 EPS for the current year.

WDFC has been the topic of several research analyst reports. BidaskClub raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research cut shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $149.67.

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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.

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

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