State of Alaska Department of Revenue Sells 46 Shares of WD-40 (NASDAQ:WDFC)

State of Alaska Department of Revenue lowered its holdings in WD-40 (NASDAQ:WDFC) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,686 shares of the specialty chemicals company’s stock after selling 46 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of WD-40 worth $1,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Coldstream Capital Management Inc. boosted its position in shares of WD-40 by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company’s stock worth $321,000 after acquiring an additional 40 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of WD-40 by 3.8% in the 4th quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company’s stock valued at $402,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd boosted its holdings in shares of WD-40 by 41.3% in 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 in the last quarter. Curbstone Financial Management Corp increased its stake in shares of WD-40 by 1.2% in the 4th quarter. Curbstone Financial Management Corp now owns 5,696 shares of the specialty chemicals company’s stock valued at $1,382,000 after purchasing an additional 70 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings 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 worth $97,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Trading Down 0.6 %

NASDAQ WDFC opened at $231.69 on Wednesday. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. The business’s fifty day moving average is $245.59 and its 200 day moving average is $256.58. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 44.39 and a beta of -0.05.

WD-40 (NASDAQ:WDFC) last announced 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. The firm had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 EPS. As a group, sell-side analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a $0.94 dividend. The ex-dividend date was Friday, January 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from WD-40’s previous quarterly dividend of $0.88. WD-40’s payout ratio is 72.03%.

Analysts Set New Price Targets

Several research firms recently weighed in on WDFC. DA Davidson reaffirmed a “buy” rating and issued a $322.00 price objective on shares of WD-40 in a research note on Monday, January 27th. Jefferies Financial Group lifted their price target on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

About WD-40

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.