US Bancorp DE Decreases Stock Holdings in WD-40 (NASDAQ:WDFC)

US Bancorp DE decreased its holdings in WD-40 (NASDAQ:WDFC) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,103 shares of the specialty chemicals company’s stock after selling 149 shares during the quarter. US Bancorp DE’s holdings in WD-40 were worth $268,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Covestor Ltd increased its position in shares of WD-40 by 41.3% during the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 66 shares during the last quarter. GAMMA Investing LLC increased its position in shares of WD-40 by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after purchasing an additional 75 shares during the last quarter. KBC Group NV increased its position in shares of WD-40 by 28.6% during the 3rd quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock valued at $115,000 after purchasing an additional 99 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of WD-40 by 77.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company’s stock valued at $122,000 after purchasing an additional 208 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of WD-40 by 39.9% during the 4th quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company’s stock valued at $142,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Stock Up 0.5 %

NASDAQ WDFC opened at $238.58 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The company has a market capitalization of $3.23 billion, a P/E ratio of 45.71 and a beta of -0.10. WD-40 has a one year low of $211.03 and a one year high of $292.36. The stock has a 50 day moving average price of $235.53 and a 200-day moving average price of $253.65.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. During the same quarter in the prior year, the firm posted $1.28 EPS. WD-40’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that WD-40 will post 5.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “buy” rating and issued a $322.00 target price on shares of WD-40 in a report on Monday, January 27th.

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.