Walleye Capital LLC Cuts Stock Holdings in WD-40 (NASDAQ:WDFC)

Walleye Capital LLC reduced its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 67.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,907 shares of the specialty chemicals company's stock after selling 10,167 shares during the period. Walleye Capital LLC's holdings in WD-40 were worth $1,191,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WDFC. Mariner LLC increased its holdings in WD-40 by 3.2% during the fourth quarter. Mariner LLC now owns 7,850 shares of the specialty chemicals company's stock valued at $1,905,000 after buying an additional 240 shares during the period. Summit Investment Advisors Inc. increased its holdings in shares of WD-40 by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,425 shares of the specialty chemicals company's stock valued at $346,000 after acquiring an additional 70 shares during the period. Raymond James Financial Inc. bought a new stake in WD-40 during the fourth quarter valued at about $17,903,000. Renaissance Technologies LLC lifted its position in shares of WD-40 by 1.0% during the fourth quarter. Renaissance Technologies LLC now owns 227,661 shares of the specialty chemicals company's stock valued at $55,249,000 after buying an additional 2,300 shares during the last quarter. Finally, Invesco Ltd. lifted its position in WD-40 by 9.5% during the fourth quarter. Invesco Ltd. now owns 73,061 shares of the specialty chemicals company's stock valued at $17,730,000 after acquiring an additional 6,330 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

WD-40 Stock Performance

NASDAQ:WDFC traded up $5.07 during midday trading on Tuesday, hitting $224.92. The company's stock had a trading volume of 98,210 shares, compared to its average volume of 101,215. WD-40 has a fifty-two week low of $208.00 and a fifty-two week high of $292.36. 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 firm has a market cap of $3.05 billion, a P/E ratio of 43.09 and a beta of 0.03. The firm's 50 day moving average is $234.37 and its 200-day moving average is $248.48.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.05. The company had revenue of $146.10 million for the quarter, compared to the consensus estimate of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. Equities analysts anticipate that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, April 17th. WD-40's dividend payout ratio (DPR) is presently 59.97%.

Analyst Upgrades and Downgrades

Separately, DA Davidson upgraded WD-40 to a "strong-buy" rating in a research note on Monday, April 14th.

Insider Buying and Selling

In other WD-40 news, CFO Sara Kathleen Hyzer acquired 256 shares of the company's stock in a transaction on Friday, April 11th. The shares were bought at an average cost of $222.83 per share, with a total value of $57,044.48. Following the completion of the acquisition, the chief financial officer now owns 4,072 shares in the company, valued at approximately $907,363.76. This trade represents a 6.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by insiders.

WD-40 Profile

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.