Landscape Capital Management L.L.C. bought a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,458 shares of the specialty chemicals company's stock, valued at approximately $2,538,000. Landscape Capital Management L.L.C. owned 0.08% of WD-40 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its position in shares of WD-40 by 525.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock worth $47,000 after acquiring an additional 163 shares during the last quarter. GAMMA Investing LLC grew its holdings in 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. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of WD-40 by 77.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company's stock valued at $122,000 after purchasing an additional 208 shares during the period. KBC Group NV raised its position in shares of WD-40 by 23.1% during the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock worth $133,000 after buying an additional 103 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted 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 period. Institutional investors and hedge funds own 91.52% of the company's stock.
Analysts Set New Price Targets
Separately, DA Davidson reissued a "buy" rating and issued a $322.00 price target on shares of WD-40 in a research note on Monday, January 27th.
Check Out Our Latest Analysis on WD-40
WD-40 Stock Performance
WD-40 stock traded down $20.16 during trading hours on Tuesday, hitting $217.77. The stock had a trading volume of 301,220 shares, compared to its average volume of 102,355. The company has a market cap of $2.95 billion, a PE ratio of 41.56 and a beta of 0.03. 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 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The company has a 50-day moving average of $237.92 and a two-hundred day moving average of $251.49.
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 (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.05. The company had revenue of $146.10 million during the quarter, compared to analysts' expectations of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. On average, equities research analysts anticipate that WD-40 will post 5.42 EPS for the current fiscal year.
WD-40 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, April 17th. WD-40's dividend payout ratio is 72.03%.
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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