Vanguard Group Inc. Grows Stock Position in WD-40 (NASDAQ:WDFC)

Vanguard Group Inc. boosted its position in shares of WD-40 (NASDAQ:WDFC - Free Report) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,627,684 shares of the specialty chemicals company's stock after acquiring an additional 16,763 shares during the period. Vanguard Group Inc. owned 12.01% of WD-40 worth $395,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its holdings in shares of WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after purchasing an additional 163 shares during the last quarter. GAMMA Investing LLC raised its stake in WD-40 by 23.1% in the fourth 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. Point72 Asia Singapore Pte. Ltd. raised its stake 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 buying an additional 208 shares during the last quarter. KBC Group NV boosted its holdings in WD-40 by 23.1% in the fourth quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock worth $133,000 after acquiring an additional 103 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of WD-40 by 70.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock worth $137,000 after acquiring an additional 233 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

WD-40 Stock Performance

Shares of WDFC traded down $7.16 during trading hours on Monday, reaching $237.93. 293,742 shares of the company traded hands, compared to its average volume of 101,493. 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 fifty day moving average price of $237.92 and a 200-day moving average price of $251.49. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. The stock has a market capitalization of $3.22 billion, a P/E ratio of 45.58 and a beta of 0.03.

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

WD-40 Dividend Announcement

The firm also recently declared 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. This represents a $3.76 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40's dividend payout ratio is presently 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.