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WD-40 (NASDAQ:WDFC) Shares Purchased by Principal Financial Group Inc.

WD-40 logo with Consumer Staples background

Principal Financial Group Inc. grew its holdings in WD-40 (NASDAQ:WDFC - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 114,033 shares of the specialty chemicals company's stock after acquiring an additional 6,073 shares during the quarter. Principal Financial Group Inc. owned 0.84% of WD-40 worth $27,673,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Creative Planning lifted its holdings in WD-40 by 17.7% in the third quarter. Creative Planning now owns 3,053 shares of the specialty chemicals company's stock valued at $787,000 after acquiring an additional 459 shares during the period. Blue Trust Inc. boosted its holdings in WD-40 by 28.9% during the third quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company's stock worth $101,000 after buying an additional 88 shares in the last quarter. Private Advisor Group LLC grew its position in WD-40 by 9.8% during the third quarter. Private Advisor Group LLC now owns 1,542 shares of the specialty chemicals company's stock valued at $398,000 after buying an additional 138 shares during the period. PineStone Asset Management Inc. increased its stake in shares of WD-40 by 4.4% in the 3rd quarter. PineStone Asset Management Inc. now owns 40,700 shares of the specialty chemicals company's stock valued at $10,496,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of WD-40 by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company's stock worth $82,975,000 after buying an additional 5,381 shares during the period. Hedge funds and other institutional investors own 91.52% of the company's stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on WD-40

WD-40 Trading Up 0.0 %

NASDAQ:WDFC traded up $0.11 during trading hours on Wednesday, reaching $240.10. 32,331 shares of the stock were exchanged, compared to its average volume of 101,177. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 45.97 and a beta of -0.05. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. 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 business has a 50-day moving average of $236.95 and a two-hundred day moving average of $254.56.

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

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.94 dividend. This is an increase from WD-40's previous quarterly dividend of $0.88. The ex-dividend date was Friday, January 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.57%. WD-40's payout ratio is presently 72.03%.

WD-40 Profile

(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.

Further Reading

Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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