Raymond James Financial Inc. purchased a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 73,772 shares of the specialty chemicals company's stock, valued at approximately $17,903,000. Raymond James Financial Inc. owned 0.54% of WD-40 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of WDFC. SRS Capital Advisors Inc. increased its holdings in WD-40 by 525.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after buying an additional 163 shares during the last quarter. GAMMA Investing LLC raised its position in shares of WD-40 by 23.1% during 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 in the last quarter. KBC Group NV lifted its stake in WD-40 by 28.6% during the third quarter. KBC Group NV now owns 445 shares of the specialty chemicals company's stock worth $115,000 after purchasing an additional 99 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in WD-40 by 77.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company's stock valued at $122,000 after purchasing an additional 208 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in WD-40 by 39.9% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company's stock valued at $142,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.
WD-40 Stock Performance
Shares of NASDAQ WDFC traded down $5.27 during trading hours on Friday, reaching $230.67. The stock had a trading volume of 184,735 shares, compared to its average volume of 99,066. The firm has a 50-day moving average of $235.82 and a 200-day moving average of $253.14. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 44.19 and a beta of -0.10. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37.
WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business posted $1.28 earnings per share. WD-40's quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts predict that WD-40 will post 5.42 earnings per share for the current year.
WD-40 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a dividend of $0.94 per share. The ex-dividend date is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.63%. WD-40's payout ratio is 72.03%.
Analyst Ratings Changes
Separately, DA Davidson restated a "buy" rating and set a $322.00 price objective on shares of WD-40 in a research report on Monday, January 27th.
Read Our Latest Analysis on WDFC
WD-40 Company 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.
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