KLP Kapitalforvaltning AS Buys Shares of 2,800 WD-40 (NASDAQ:WDFC)

KLP Kapitalforvaltning AS acquired a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,800 shares of the specialty chemicals company's stock, valued at approximately $680,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. lifted its holdings in WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock worth $47,000 after purchasing an additional 163 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of WD-40 by 23.1% during the fourth 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. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of WD-40 by 77.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company's stock worth $122,000 after buying an additional 208 shares in the last quarter. KBC Group NV boosted its position in shares of WD-40 by 23.1% in the fourth quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock valued at $133,000 after acquiring an additional 103 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of WD-40 by 70.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock valued at $137,000 after acquiring an additional 233 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

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Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a "buy" rating and issued a $322.00 price objective on shares of WD-40 in a research note on Monday, January 27th.

WD-40 Price Performance

WD-40 stock traded up $1.09 during mid-day trading on Thursday, reaching $248.93. 146,716 shares of the company were exchanged, compared to its average volume of 100,631. The firm has a market cap of $3.37 billion, a PE ratio of 47.69 and a beta of -0.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The company has a fifty day simple moving average of $237.30 and a 200-day simple moving average of $251.92. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36.

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

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, April 17th. WD-40's dividend payout ratio (DPR) is presently 72.03%.

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.