WD-40 (NASDAQ:WDFC) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in WD-40 (NASDAQ:WDFC - Free Report) by 60.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,969 shares of the specialty chemicals company's stock after acquiring an additional 2,620 shares during the period. Intech Investment Management LLC owned 0.05% of WD-40 worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Sei Investments Co. raised its position in WD-40 by 18.5% during the first quarter. Sei Investments Co. now owns 2,722 shares of the specialty chemicals company's stock valued at $690,000 after acquiring an additional 425 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in WD-40 by 1,648.9% during the first quarter. Russell Investments Group Ltd. now owns 822 shares of the specialty chemicals company's stock worth $208,000 after buying an additional 775 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in WD-40 by 4.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 13,794 shares of the specialty chemicals company's stock valued at $3,494,000 after buying an additional 598 shares during the period. Advisors Asset Management Inc. purchased a new position in WD-40 in the first quarter valued at $43,000. Finally, Lazard Asset Management LLC raised its position in shares of WD-40 by 83.6% in the first quarter. Lazard Asset Management LLC now owns 26,226 shares of the specialty chemicals company's stock worth $6,642,000 after acquiring an additional 11,939 shares during the period. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at WD-40

In other news, Director William B. Noble sold 800 shares of the business's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $256.98, for a total transaction of $205,584.00. Following the transaction, the director now owns 8,999 shares of the company's stock, valued at approximately $2,312,563.02. The trade was a 8.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company's stock.

WD-40 Price Performance

Shares of NASDAQ WDFC traded down $6.22 during midday trading on Tuesday, hitting $280.27. The stock had a trading volume of 104,285 shares, compared to its average volume of 105,271. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $266.00 and a 200-day simple moving average of $249.54. The company has a market capitalization of $3.80 billion, a PE ratio of 56.06 and a beta of -0.08. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.11). The business had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $1.21 EPS. On average, sell-side analysts expect that WD-40 will post 5.36 EPS for the current fiscal year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, October 18th. WD-40's dividend payout ratio (DPR) is 68.88%.

Analyst Ratings Changes

Several equities analysts recently weighed in on WDFC shares. Jefferies Financial Group lifted their price target on WD-40 from $250.00 to $280.00 and gave the company a "hold" rating in a research note on Friday, October 18th. DA Davidson reiterated a "buy" rating and set a $322.00 target price on shares of WD-40 in a research report on Monday, November 18th.

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.