JPMorgan Chase & Co. lifted its holdings in WD-40 (NASDAQ:WDFC - Free Report) by 51.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,634 shares of the specialty chemicals company's stock after purchasing an additional 27,684 shares during the period. JPMorgan Chase & Co. owned about 0.60% of WD-40 worth $19,811,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of WDFC. Coldstream Capital Management Inc. lifted its position in shares of WD-40 by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company's stock valued at $321,000 after buying an additional 40 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of WD-40 by 6.3% in the 4th quarter. D.A. Davidson & CO. now owns 845 shares of the specialty chemicals company's stock valued at $205,000 after buying an additional 50 shares during the period. HighTower Advisors LLC raised its position in shares of WD-40 by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company's stock valued at $1,625,000 after buying an additional 57 shares during the period. Inspire Investing LLC lifted its holdings in WD-40 by 3.8% in the fourth quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company's stock valued at $402,000 after acquiring an additional 61 shares during the last quarter. Finally, Truist Financial Corp grew its position in WD-40 by 2.4% in the fourth quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company's stock worth $646,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 91.52% of the company's stock.
WD-40 Trading Down 0.5 %
NASDAQ WDFC traded down $1.13 during trading on Wednesday, hitting $220.02. The stock had a trading volume of 91,034 shares, compared to its average volume of 101,347. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2.98 billion, a PE ratio of 42.15 and a beta of 0.03. The firm has a 50 day moving average price of $235.29 and a 200 day moving average price of $249.55. WD-40 has a twelve month low of $208.00 and a twelve month high of $292.36.
WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.27 by $0.05. The business had revenue of $146.10 million during the quarter, compared to the consensus estimate of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. As a group, equities research analysts forecast that WD-40 will post 5.42 earnings per share for the current year.
WD-40 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, April 17th. WD-40's dividend payout ratio (DPR) is presently 59.97%.
Insider Transactions at WD-40
In related news, CFO Sara Kathleen Hyzer acquired 256 shares of WD-40 stock in a transaction dated Friday, April 11th. The stock was acquired at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the transaction, the chief financial officer now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.75% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, DA Davidson upgraded WD-40 to a "strong-buy" rating in a report on Monday.
Check Out Our Latest Research Report on WD-40
About WD-40
(
Free Report)
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.
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