ExodusPoint Capital Management LP Sells 1,272 Shares of WD-40 (NASDAQ:WDFC)

ExodusPoint Capital Management LP lessened its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,633 shares of the specialty chemicals company's stock after selling 1,272 shares during the quarter. ExodusPoint Capital Management LP's holdings in WD-40 were worth $1,367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WDFC. SRS Capital Advisors Inc. lifted its position 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 worth $47,000 after purchasing an additional 163 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of WD-40 by 23.1% in the 4th 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. KBC Group NV lifted 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 acquiring an additional 103 shares during the period. Blue Trust Inc. boosted its position in WD-40 by 39.9% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company's stock valued at $142,000 after buying an additional 157 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew 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 worth $137,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

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WD-40 Trading Down 0.4 %

Shares of WD-40 stock traded down $0.79 on Tuesday, hitting $222.45. 12,484 shares of the company's stock traded hands, compared to its average volume of 101,069. WD-40 has a one year low of $208.00 and a one year high of $292.36. The firm's 50-day moving average price is $235.68 and its two-hundred day moving average price is $249.75. 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 capitalization of $3.01 billion, a PE ratio of 42.62 and a beta of 0.03.

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

WD-40 Announces Dividend

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 given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, April 17th. WD-40's dividend payout ratio (DPR) is currently 59.97%.

Analyst Upgrades and Downgrades

Separately, DA Davidson upgraded shares of WD-40 to a "strong-buy" rating in a research report on Monday.

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.