WD-40 (NASDAQ:WDFC) Stake Lowered by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its stake in WD-40 (NASDAQ:WDFC) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,502 shares of the specialty chemicals company’s stock after selling 125 shares during the period. Commonwealth Equity Services LLC owned 0.06% of WD-40 worth $1,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SRS Capital Advisors Inc. lifted its stake in WD-40 by 525.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 163 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock worth $97,000 after acquiring an additional 75 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in WD-40 by 77.9% in 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. KBC Group NV boosted its stake in WD-40 by 23.1% during the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 103 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in WD-40 by 70.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company’s stock worth $137,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $241.84 on Friday. The firm’s 50-day simple moving average is $236.48 and its 200 day simple moving average is $252.11. The stock has a market cap of $3.28 billion, a P/E ratio of 46.33 and a beta of -0.10. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company 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 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts expect that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40’s dividend payout ratio is presently 72.03%.

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a “buy” rating and set a $322.00 price objective 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.