DF Dent & Co. Inc. Lowers Position in WD-40 (NASDAQ:WDFC)

DF Dent & Co. Inc. decreased its position in shares of WD-40 (NASDAQ:WDFC - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,788 shares of the specialty chemicals company's stock after selling 2,205 shares during the period. DF Dent & Co. Inc. owned about 0.48% of WD-40 worth $15,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SRS Capital Advisors Inc. grew its position in WD-40 by 525.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after acquiring an additional 163 shares during the last quarter. GAMMA Investing LLC increased 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 worth $97,000 after purchasing an additional 75 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in WD-40 by 77.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company's stock valued at $122,000 after purchasing an additional 208 shares during the last quarter. KBC Group NV boosted its position in 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 buying an additional 103 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of WD-40 by 70.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock worth $137,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Trading Down 1.6 %

NASDAQ WDFC traded down $3.77 during trading hours on Tuesday, reaching $234.17. The company's stock had a trading volume of 91,838 shares, compared to its average volume of 101,486. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. 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 stock has a market cap of $3.17 billion, a P/E ratio of 45.18 and a beta of 0.03. The firm has a fifty day simple moving average of $237.92 and a 200-day simple moving average of $251.49.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.05. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. During the same quarter in the previous year, the company posted $1.14 EPS. The business's revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a dividend of $0.94 per share. The ex-dividend date is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.61%. WD-40's dividend payout ratio (DPR) is presently 72.03%.

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 report on Monday, January 27th.

WD-40 Company 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.