Yousif Capital Management LLC Cuts Holdings in WD-40 (NASDAQ:WDFC)

Yousif Capital Management LLC lowered its position in shares of WD-40 (NASDAQ:WDFC) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,121 shares of the specialty chemicals company’s stock after selling 179 shares during the period. Yousif Capital Management LLC’s holdings in WD-40 were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WDFC. State Street Corp grew its holdings in shares of WD-40 by 1.8% during the 3rd quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company’s stock valued at $134,911,000 after purchasing an additional 9,418 shares during the last quarter. Geode Capital Management LLC lifted its holdings in WD-40 by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock worth $97,524,000 after buying an additional 12,943 shares during the period. Conestoga Capital Advisors LLC grew its position in shares of WD-40 by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company’s stock worth $82,975,000 after buying an additional 5,381 shares during the last quarter. Geneva Capital Management LLC lifted its stake in WD-40 by 0.5% in the third quarter. Geneva Capital Management LLC now owns 211,624 shares of the specialty chemicals company’s stock worth $54,574,000 after acquiring an additional 988 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in WD-40 by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock valued at $37,512,000 after acquiring an additional 3,960 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Up 2.2 %

Shares of WD-40 stock opened at $232.50 on Friday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 44.54 and a beta of -0.05. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. 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’s 50 day moving average is $243.78 and its 200 day moving average is $256.13.

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, topping the consensus estimate of $1.29 by $0.10. The business had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $1.28 earnings per share. Research analysts anticipate that WD-40 will post 5.42 EPS for the current year.

WD-40 Increases Dividend

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

Wall Street Analysts Forecast Growth

WDFC has been the topic of a number of research analyst reports. Jefferies Financial Group upped their target price on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a report on Friday, October 18th. DA Davidson restated a “buy” rating and set a $322.00 price objective on shares of WD-40 in a research note on Monday, January 27th.

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.