Dividend Assets Capital LLC Purchases 1,686 Shares of WD-40 (NASDAQ:WDFC)

Dividend Assets Capital LLC grew its position in shares of WD-40 (NASDAQ:WDFC - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,996 shares of the specialty chemicals company's stock after acquiring an additional 1,686 shares during the quarter. Dividend Assets Capital LLC owned about 0.10% of WD-40 worth $3,396,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of WDFC. Covestor Ltd boosted its holdings in shares of WD-40 by 41.3% during the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company's stock valued at $58,000 after acquiring an additional 66 shares during the period. GAMMA Investing LLC boosted its holdings in shares of WD-40 by 23.1% during the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock valued at $97,000 after acquiring an additional 75 shares during the period. Blue Trust Inc. boosted its holdings in shares of WD-40 by 28.9% during the third quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company's stock valued at $101,000 after acquiring an additional 88 shares during the period. KBC Group NV boosted its holdings in shares of WD-40 by 28.6% during the third quarter. KBC Group NV now owns 445 shares of the specialty chemicals company's stock valued at $115,000 after acquiring an additional 99 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of WD-40 by 77.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company's stock valued at $122,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 91.52% of the company's stock.

Analyst Upgrades and Downgrades

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

WD-40 Stock Performance

Shares of NASDAQ WDFC traded down $1.85 during midday trading on Friday, reaching $229.08. 153,958 shares of the company traded hands, compared to its average volume of 75,145. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The stock has a 50-day moving average price of $238.18 and a 200 day moving average price of $254.80. 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 market cap of $3.10 billion, a price-to-earnings ratio of 43.89 and a beta of -0.05.

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

WD-40 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.94 dividend. This is a boost from WD-40's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, January 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.64%. WD-40's payout ratio is presently 72.03%.

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.