Cibc World Markets Corp bought a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,274 shares of the specialty chemicals company's stock, valued at approximately $309,000.
Several other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its holdings in shares of WD-40 by 525.8% during the 4th 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 in the last quarter. GAMMA Investing LLC lifted its position in WD-40 by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock valued at $97,000 after acquiring an additional 75 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake in 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 acquiring an additional 208 shares in the last quarter. KBC Group NV grew its holdings in WD-40 by 23.1% in the fourth quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock worth $133,000 after purchasing an additional 103 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in WD-40 by 70.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock valued at $137,000 after buying an additional 233 shares in the last quarter. Institutional investors own 91.52% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, 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.
Read Our Latest Stock Report on WD-40
WD-40 Stock Down 0.3 %
WDFC traded down $0.65 during trading on Friday, hitting $241.84. 85,842 shares of the company's stock traded hands, compared to its average volume of 100,471. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 46.33 and a beta of -0.10. The company's 50 day simple moving average is $236.28 and its two-hundred day simple moving average is $252.22. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. 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 (NASDAQ:WDFC - Get Free Report) 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 analysts' consensus estimates of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. During the same period in the prior year, the company posted $1.28 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. Analysts predict that WD-40 will post 5.42 earnings per share for the current fiscal year.
WD-40 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40's dividend payout ratio (DPR) is presently 72.03%.
WD-40 Profile
(
Free Report)
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.
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