EntryPoint Capital LLC Buys New Stake in WD-40 (NASDAQ:WDFC)

EntryPoint Capital LLC bought a new position in WD-40 (NASDAQ:WDFC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,654 shares of the specialty chemicals company's stock, valued at approximately $401,000.

A number of other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. increased its holdings in WD-40 by 525.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock worth $47,000 after buying an additional 163 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of WD-40 by 23.1% in the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock worth $97,000 after acquiring an additional 75 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of WD-40 by 77.9% in 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 during the period. KBC Group NV raised its holdings in shares of WD-40 by 23.1% during the fourth quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock valued at $133,000 after purchasing an additional 103 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in 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 valued at $137,000 after purchasing an additional 233 shares during the period. Hedge funds and other institutional investors own 91.52% of the company's stock.

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WD-40 Stock Performance

NASDAQ:WDFC traded down $0.65 on Friday, hitting $241.84. The stock had a trading volume of 85,842 shares, compared to its average volume of 100,533. The business's 50-day simple moving average is $236.48 and its two-hundred day simple moving average is $252.09. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 46.33 and a beta of -0.10. WD-40 has a 52-week low of $211.03 and a 52-week 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.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.10. The company 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 firm's revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. As a group, research analysts predict that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40's dividend payout ratio is currently 72.03%.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a "buy" rating and set a $322.00 target price on shares of WD-40 in a research note 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.