Pittenger & Anderson Inc. Sells 1,180 Shares of WD-40 (NASDAQ:WDFC)

Pittenger & Anderson Inc. cut its holdings in WD-40 (NASDAQ:WDFC - Free Report) by 29.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,880 shares of the specialty chemicals company's stock after selling 1,180 shares during the period. Pittenger & Anderson Inc.'s holdings in WD-40 were worth $699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. boosted its position in WD-40 by 3.3% in 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 during the last quarter. Inspire Investing LLC boosted its position in WD-40 by 3.8% in the 4th quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company's stock valued at $402,000 after buying an additional 61 shares during the last quarter. Covestor Ltd boosted its position in WD-40 by 41.3% in the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company's stock valued at $58,000 after buying an additional 66 shares during the last quarter. Curbstone Financial Management Corp boosted its position in WD-40 by 1.2% in the 4th quarter. Curbstone Financial Management Corp now owns 5,696 shares of the specialty chemicals company's stock valued at $1,382,000 after buying an additional 70 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock valued at $97,000 after buying an additional 75 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a "buy" rating and set a $322.00 price target on shares of WD-40 in a research report on Monday, January 27th.

WD-40 Stock Down 0.8 %

Shares of WDFC stock traded down $1.85 during trading hours on Friday, hitting $229.08. 153,958 shares of the company were exchanged, compared to its average volume of 101,999. The business's 50-day simple moving average is $238.93 and its two-hundred day simple moving average is $254.87. WD-40 has a one year low of $211.03 and a one year high of $292.36. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 43.89 and a beta of -0.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. During the same quarter last year, the business earned $1.28 earnings per share. WD-40's revenue was up 9.2% compared to the same quarter last year. Sell-side analysts predict that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.64%. This is a boost from WD-40's previous quarterly dividend of $0.88. The ex-dividend date was Friday, January 17th. WD-40's dividend payout ratio (DPR) is presently 72.03%.

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.