Nebula Research & Development LLC Takes $1.09 Million Position in WD-40 (NASDAQ:WDFC)

Nebula Research & Development LLC acquired a new position in WD-40 (NASDAQ:WDFC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,508 shares of the specialty chemicals company's stock, valued at approximately $1,094,000.

Several other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of WD-40 by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,111 shares of the specialty chemicals company's stock valued at $2,454,000 after acquiring an additional 68 shares in the last quarter. Dark Forest Capital Management LP raised its stake in WD-40 by 22.8% in the fourth quarter. Dark Forest Capital Management LP now owns 2,928 shares of the specialty chemicals company's stock valued at $711,000 after purchasing an additional 544 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in WD-40 during the fourth quarter valued at approximately $27,000. MetLife Investment Management LLC grew its stake in WD-40 by 6.8% in the 4th quarter. MetLife Investment Management LLC now owns 8,225 shares of the specialty chemicals company's stock worth $1,996,000 after buying an additional 525 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in WD-40 by 55.4% in the 4th quarter. Marshall Wace LLP now owns 104,431 shares of the specialty chemicals company's stock worth $25,343,000 after buying an additional 37,247 shares in the last quarter. Institutional investors own 91.52% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at WD-40

In related news, CFO Sara Kathleen Hyzer acquired 256 shares of the company's stock in a transaction dated Friday, April 11th. The stock was purchased at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the purchase, the chief financial officer now owns 4,072 shares in the company, valued at $907,363.76. This trade represents a 6.71 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.75% of the company's stock.

WD-40 Price Performance

WDFC opened at $223.37 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.03 billion, a P/E ratio of 42.79 and a beta of 0.03. The stock has a 50-day moving average price of $233.76 and a 200-day moving average price of $247.67. WD-40 has a 12-month low of $208.00 and a 12-month high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (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 analyst estimates of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. WD-40's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Equities analysts predict that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

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

Want to see what other hedge funds are holding WDFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WD-40 (NASDAQ:WDFC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.