Victory Capital Management Inc. Raises Position in WD-40 (NASDAQ:WDFC)

Victory Capital Management Inc. boosted its holdings in WD-40 (NASDAQ:WDFC) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,345 shares of the specialty chemicals company’s stock after buying an additional 294 shares during the period. Victory Capital Management Inc. owned approximately 0.11% of WD-40 worth $3,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of WDFC. State Street Corp increased its holdings in shares of WD-40 by 1.8% in the third quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company’s stock worth $134,911,000 after purchasing an additional 9,418 shares during the period. Geode Capital Management LLC increased its holdings in shares of WD-40 by 3.5% in the third quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock worth $97,524,000 after purchasing an additional 12,943 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of WD-40 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company’s stock worth $36,537,000 after purchasing an additional 5,095 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of WD-40 by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 129,894 shares of the specialty chemicals company’s stock worth $31,523,000 after purchasing an additional 1,932 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of WD-40 by 5.6% in the fourth quarter. Principal Financial Group Inc. now owns 114,033 shares of the specialty chemicals company’s stock worth $27,673,000 after purchasing an additional 6,073 shares during the period. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Stock Up 0.5 %

Shares of NASDAQ:WDFC opened at $238.58 on Monday. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36. The firm has a fifty day moving average of $235.53 and a 200 day moving average of $253.60. The firm has a market capitalization of $3.23 billion, a PE ratio of 45.71 and a beta of -0.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44.

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

Analyst Ratings Changes

Separately, DA Davidson reiterated a “buy” rating and issued a $322.00 target price on shares of WD-40 in a research 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.