Wed Nov 06 14:44:27 UTC 2024: ## Radnor Capital Management Buys into WD-40, Institutional Investors Show Interest

**Sioux Falls, SD** – Radnor Capital Management LLC has taken a new position in WD-40 Company (NASDAQ: WDFC), according to its recent SEC filing. The investment firm acquired 7,600 shares of the specialty chemicals company, valued at approximately $1,960,000, representing about 0.06% of WD-40 at the end of the third quarter.

This move by Radnor Capital Management follows a trend of institutional investors showing interest in WD-40. Acadian Asset Management LLC significantly increased its stake in the company by 1,131.2% in the first quarter, while Vanguard Group Inc. also raised its stake by 0.4% during the same period. Other investors, including Jupiter Asset Management Ltd., Lord Abbett & CO. LLC, and Quest Partners LLC, also acquired new positions in WD-40 shares in the first and second quarters.

Meanwhile, Director William B. Noble sold 800 shares of WD-40 stock on October 22nd at an average price of $256.98, for a total transaction of $205,584.00. This represents a 0.00% decrease in his ownership.

Analysts have also been paying attention to WD-40. DA Davidson boosted its price target on the company from $303.00 to $322.00 and gave the stock a buy rating, while Jefferies Financial Group upped its target price from $250.00 to $280.00 and gave a hold rating.

WD-40’s stock opened at $274.02 on Wednesday. The company reported earnings per share (EPS) of $1.23 for the third quarter, missing analysts’ estimates of $1.34. Revenue for the quarter came in at $156.00 million, surpassing estimates of $149.20 million.

The company also recently announced a quarterly dividend of $0.88, representing a $3.52 annualized dividend and a yield of 1.28%.

**Overall, institutional investor activity and recent analyst reports suggest continued confidence in WD-40’s future performance, despite the company slightly missing earnings estimates in the third quarter.**

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