WD-40 (NASDAQ:WDFC) Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP cut its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 24.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,520 shares of the specialty chemicals company's stock after selling 1,133 shares during the quarter. Semanteon Capital Management LP's holdings in WD-40 were worth $854,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its stake in WD-40 by 1.8% during the 3rd quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company's stock valued at $134,911,000 after purchasing an additional 9,418 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 12,943 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 5,095 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in WD-40 by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 129,894 shares of the specialty chemicals company's stock worth $31,523,000 after buying an additional 1,932 shares during the period. Finally, Principal Financial Group Inc. raised its position in WD-40 by 5.6% during the 4th quarter. Principal Financial Group Inc. now owns 114,033 shares of the specialty chemicals company's stock worth $27,673,000 after buying an additional 6,073 shares during the last quarter. 91.52% of the stock is 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 report on Monday, January 27th.

WD-40 Stock Performance

Shares of NASDAQ WDFC traded down $1.88 during trading on Tuesday, reaching $234.00. 93,093 shares of the company traded hands, compared to its average volume of 99,379. The stock has a market cap of $3.17 billion, a P/E ratio of 44.83 and a beta of -0.10. The firm's fifty day simple moving average is $235.81 and its 200 day simple moving average is $252.60. 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 has a 12-month low of $211.03 and a 12-month high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company had revenue of $153.30 million during the quarter, compared to analysts' expectations of $147.40 million. During the same period last year, the business earned $1.28 earnings per share. WD-40's quarterly revenue was up 9.2% on a year-over-year basis. As a group, research 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 1.61%. The ex-dividend date is Thursday, April 17th. WD-40's dividend payout ratio (DPR) 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.