Prudential Financial Inc. Has $3.45 Million Holdings in WD-40 (NASDAQ:WDFC)

Prudential Financial Inc. lessened its stake in WD-40 (NASDAQ:WDFC - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,195 shares of the specialty chemicals company's stock after selling 1,167 shares during the quarter. Prudential Financial Inc. owned about 0.10% of WD-40 worth $3,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WDFC. Vanguard Group Inc. lifted its stake in WD-40 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 1,627,684 shares of the specialty chemicals company's stock worth $395,006,000 after purchasing an additional 16,763 shares during the last quarter. State Street Corp boosted its stake in WD-40 by 1.8% in the third quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company's stock valued at $134,911,000 after buying an additional 9,418 shares in the last quarter. Geode Capital Management LLC grew its position in WD-40 by 3.5% in the third quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company's stock valued at $97,524,000 after acquiring an additional 12,943 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in WD-40 by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company's stock worth $36,537,000 after acquiring an additional 5,095 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of WD-40 by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 129,894 shares of the specialty chemicals company's stock worth $31,523,000 after acquiring an additional 1,932 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

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Wall Street Analyst Weigh In

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

WD-40 Price Performance

WDFC stock traded up $1.09 during midday trading on Thursday, reaching $248.93. 146,716 shares of the stock were exchanged, compared to its average volume of 100,631. The stock has a market capitalization of $3.37 billion, a PE ratio of 47.69 and a beta of -0.10. 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 company has a fifty day moving average price of $237.30 and a 200 day moving average price of $251.92. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36.

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

WD-40 Announces Dividend

The business also recently declared 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 of this dividend is Thursday, April 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.51%. WD-40's payout ratio is 72.03%.

About WD-40

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.