Whittier Trust Co. Has $10.94 Million Stock Position in WD-40 (NASDAQ:WDFC)

Whittier Trust Co. boosted its stake in WD-40 (NASDAQ:WDFC - Free Report) by 3.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,083 shares of the specialty chemicals company's stock after buying an additional 1,617 shares during the period. Whittier Trust Co. owned 0.33% of WD-40 worth $10,941,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. KBC Group NV increased its position in shares of WD-40 by 28.6% during the 3rd quarter. KBC Group NV now owns 445 shares of the specialty chemicals company's stock valued at $115,000 after purchasing an additional 99 shares during the period. Thrivent Financial for Lutherans grew its holdings in WD-40 by 42.4% during the third quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company's stock worth $4,133,000 after acquiring an additional 4,775 shares during the period. Prospera Financial Services Inc acquired a new position in WD-40 during the third quarter worth about $227,000. Prospera Private Wealth LLC bought a new stake in WD-40 in the third quarter worth about $237,000. Finally, Intech Investment Management LLC lifted its holdings in WD-40 by 60.2% in the 3rd quarter. Intech Investment Management LLC now owns 6,969 shares of the specialty chemicals company's stock valued at $1,797,000 after acquiring an additional 2,620 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Price Performance

Shares of NASDAQ:WDFC traded down $1.88 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 capitalization of $3.17 billion, a PE ratio of 44.83 and a beta of -0.10. 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's 50 day moving average is $235.81 and its 200-day moving average is $252.60. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36.

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

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40's dividend payout ratio (DPR) is currently 72.03%.

Analysts Set New Price Targets

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

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.