Thrivent Financial for Lutherans lowered its holdings in WD-40 (NASDAQ:WDFC - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,315 shares of the specialty chemicals company's stock after selling 1,711 shares during the period. Thrivent Financial for Lutherans owned about 0.11% of WD-40 worth $3,474,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDFC. State Street Corp boosted its holdings in shares of WD-40 by 1.8% in the 3rd 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 during the last quarter. Geode Capital Management LLC raised its position in WD-40 by 3.5% during the third quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company's stock worth $97,524,000 after acquiring an additional 12,943 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in WD-40 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company's stock valued at $36,537,000 after acquiring an additional 5,095 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in 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 valued at $31,523,000 after acquiring an additional 1,932 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of WD-40 by 5.6% in the 4th quarter. Principal Financial Group Inc. now owns 114,033 shares of the specialty chemicals company's stock valued at $27,673,000 after acquiring an additional 6,073 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.
WD-40 Stock Performance
Shares of WDFC stock traded down $0.65 during trading on Friday, reaching $241.84. 85,842 shares of the company's stock were exchanged, compared to its average volume of 100,533. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. The firm's fifty day moving average price is $236.48 and its 200-day moving average price is $252.10. 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 stock has a market capitalization of $3.28 billion, a PE ratio of 46.33 and a beta of -0.10.
WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. As a group, sell-side analysts anticipate that WD-40 will post 5.42 EPS 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 of this dividend is Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.55%. WD-40's dividend payout ratio (DPR) is presently 72.03%.
Analysts Set New Price Targets
Separately, DA Davidson reaffirmed a "buy" rating and issued a $322.00 target price on shares of WD-40 in a report on Monday, January 27th.
Get Our Latest Stock Report on WDFC
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.
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