Wells Fargo & Company MN decreased its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,910 shares of the specialty chemicals company's stock after selling 1,405 shares during the quarter. Wells Fargo & Company MN owned 0.58% of WD-40 worth $19,150,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. increased its stake in shares of WD-40 by 525.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock worth $47,000 after acquiring an additional 163 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of WD-40 by 23.1% during the 4th 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. KBC Group NV grew its stake in shares of WD-40 by 23.1% in the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock valued at $133,000 after buying an additional 103 shares in the last quarter. Blue Trust Inc. increased its holdings in WD-40 by 39.9% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company's stock worth $142,000 after buying an additional 157 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in 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 valued at $137,000 after acquiring an additional 233 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at WD-40
In related news, CFO Sara Kathleen Hyzer acquired 256 shares of the company's stock in a transaction dated Friday, April 11th. The shares were bought at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the acquisition, the chief financial officer now owns 4,072 shares in the company, valued at $907,363.76. This trade represents a 6.71 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company's stock.
WD-40 Stock Performance
Shares of WDFC stock traded up $5.08 during trading on Friday, reaching $222.76. The company had a trading volume of 105,446 shares, compared to its average volume of 101,800. The firm's 50 day simple moving average is $234.52 and its two-hundred day simple moving average is $248.85. WD-40 has a one year low of $208.00 and a one year 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 company has a market capitalization of $3.02 billion, a PE ratio of 42.67 and a beta of 0.03.
WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. During the same quarter last year, the firm posted $1.14 earnings per share. The company's quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts forecast that WD-40 will post 5.42 earnings per share for the current year.
WD-40 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a dividend of $0.94 per share. The ex-dividend date is Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.69%. WD-40's payout ratio is 59.97%.
Wall Street Analyst Weigh In
Separately, DA Davidson upgraded shares of WD-40 to a "strong-buy" rating in a research note on Monday.
Get Our Latest Stock Report on WDFC
About WD-40
(
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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