WD-40 (NASDAQ:WDFC) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,035 shares of the specialty chemicals company's stock after purchasing an additional 1,137 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned about 0.17% of WD-40 worth $5,590,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its stake in WD-40 by 1.8% during the third quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company's stock worth $134,911,000 after purchasing an additional 9,418 shares during the period. Geode Capital Management LLC grew its position in 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 valued at $97,524,000 after acquiring an additional 12,943 shares during the period. Charles Schwab Investment Management Inc. increased its stake in WD-40 by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company's stock worth $36,537,000 after acquiring an additional 5,095 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 purchasing an additional 1,932 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of WD-40 by 5.6% in the 4th quarter. Principal Financial Group Inc. now owns 114,033 shares of the specialty chemicals company's stock valued at $27,673,000 after purchasing an additional 6,073 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

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Analysts Set New Price Targets

Separately, DA Davidson restated a "buy" rating and issued a $322.00 price target on shares of WD-40 in a report on Monday, January 27th.

WD-40 Stock Up 0.6 %

NASDAQ WDFC traded up $1.30 during trading hours on Wednesday, hitting $235.30. The company had a trading volume of 223,983 shares, compared to its average volume of 99,835. The firm's 50 day moving average is $235.94 and its 200 day moving average is $252.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 45.08 and a beta of -0.10.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.10. The business had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. Sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a dividend of $0.94 per share. The ex-dividend date is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.60%. WD-40's payout ratio is currently 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.