WD-40 (NASDAQ:WDFC) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its stake in WD-40 (NASDAQ:WDFC - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,007 shares of the specialty chemicals company's stock after selling 1,960 shares during the quarter. Martingale Asset Management L P owned about 0.05% of WD-40 worth $1,700,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. lifted its stake 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 purchasing an additional 163 shares in the last quarter. GAMMA Investing LLC boosted 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 acquiring an additional 75 shares during the period. KBC Group NV grew its position in WD-40 by 23.1% in 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 in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of WD-40 by 70.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock valued at $137,000 after purchasing an additional 233 shares during the period. Finally, R Squared Ltd acquired a new position in shares of WD-40 during the fourth quarter worth $141,000. 91.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at WD-40

In other news, CFO Sara Kathleen Hyzer acquired 256 shares of WD-40 stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the completion of the purchase, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at $907,363.76. This trade represents a 6.71 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company's stock.

WD-40 Stock Up 1.8 %

WDFC traded up $4.00 on Thursday, reaching $220.74. The company's stock had a trading volume of 21,174 shares, compared to its average volume of 125,015. WD-40 has a 1 year low of $208.00 and a 1 year high of $292.36. The business's 50 day moving average is $234.90 and its 200 day moving average is $249.33. 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 cap of $2.99 billion, a price-to-earnings ratio of 42.37 and a beta of 0.03.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, beating the consensus estimate 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 return on equity of 31.68% and a net margin of 11.78%. The business's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS. As a group, research analysts forecast that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be paid a $0.94 dividend. The ex-dividend date is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.70%. WD-40's dividend payout ratio (DPR) is presently 59.97%.

WD-40 Company Profile

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.