Charles Schwab Investment Management Inc. Grows Position in WD-40 (NASDAQ:WDFC)

Charles Schwab Investment Management Inc. lifted its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,557 shares of the specialty chemicals company's stock after acquiring an additional 5,095 shares during the period. Charles Schwab Investment Management Inc. owned 1.11% of WD-40 worth $36,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in WD-40 by 209.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,672 shares of the specialty chemicals company's stock worth $401,000 after purchasing an additional 1,132 shares during the period. Thrivent Financial for Lutherans raised its position in shares of WD-40 by 42.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company's stock valued at $4,133,000 after buying an additional 4,775 shares during the period. Pacer Advisors Inc. grew its position in WD-40 by 115.3% in the fourth quarter. Pacer Advisors Inc. now owns 859 shares of the specialty chemicals company's stock worth $208,000 after acquiring an additional 460 shares during the period. JPMorgan Chase & Co. grew its position in WD-40 by 24.8% in the third quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company's stock worth $13,913,000 after acquiring an additional 10,711 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in WD-40 by 1.5% during 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 acquiring an additional 1,932 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

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Wall Street Analyst Weigh In

Separately, DA Davidson reissued 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 Trading Down 1.6 %

WD-40 stock traded down $3.82 during trading on Wednesday, hitting $240.44. The company had a trading volume of 78,427 shares, compared to its average volume of 98,487. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 46.05 and a beta of -0.10. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. WD-40 has a 1-year low of $211.03 and a 1-year high of $292.36. The company's 50 day simple moving average is $235.86 and its 200-day simple moving average is $253.35.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted 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 firm 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 revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. As a group, analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.56%. WD-40's dividend payout ratio (DPR) is 72.03%.

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.