Invesco Ltd. Increases Stock Holdings in WD-40 (NASDAQ:WDFC)

Invesco Ltd. lifted its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,061 shares of the specialty chemicals company's stock after purchasing an additional 6,330 shares during the period. Invesco Ltd. owned 0.54% of WD-40 worth $17,730,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of WD-40 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 1,627,684 shares of the specialty chemicals company's stock worth $395,006,000 after buying an additional 16,763 shares during the period. Geode Capital Management LLC grew its holdings in WD-40 by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 385,779 shares of the specialty chemicals company's stock worth $93,638,000 after acquiring an additional 7,664 shares during the period. Norges Bank acquired a new stake in WD-40 during the 4th quarter worth about $54,571,000. Charles Schwab Investment Management Inc. raised its position in shares of WD-40 by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company's stock worth $36,537,000 after acquiring an additional 5,095 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of WD-40 by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 129,894 shares of the specialty chemicals company's stock valued at $31,523,000 after purchasing an additional 1,932 shares during the period. Institutional investors own 91.52% of the company's stock.

Insider Transactions at WD-40

In other WD-40 news, CFO Sara Kathleen Hyzer acquired 256 shares of WD-40 stock in a transaction dated Friday, April 11th. The stock was purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the completion of the acquisition, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at $907,363.76. This represents a 6.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised WD-40 to a "strong-buy" rating in a research note on Monday, April 14th.

WD-40 Stock Down 0.3 %

Shares of WD-40 stock traded down $0.76 during trading on Wednesday, reaching $224.16. 98,559 shares of the company traded hands, compared to its average volume of 101,204. 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 firm has a market capitalization of $3.04 billion, a PE ratio of 42.94 and a beta of 0.03. The company has a 50 day moving average price of $234.21 and a 200-day moving average price of $248.32. WD-40 has a 1-year low of $208.00 and a 1-year high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. 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 prior year, the business earned $1.14 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be issued a dividend of $0.94 per share. The ex-dividend date is Thursday, April 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.68%. WD-40's dividend payout ratio is 59.97%.

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.