Eagle Asset Management Inc. boosted its holdings in WD-40 (NASDAQ:WDFC) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,796 shares of the specialty chemicals company’s stock after purchasing an additional 2,432 shares during the quarter. Eagle Asset Management Inc. owned about 0.31% of WD-40 worth $4,857,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American International Group Inc. grew its position in WD-40 by 5.7% in the 3rd quarter. American International Group Inc. now owns 10,968 shares of the specialty chemicals company’s stock valued at $1,227,000 after purchasing an additional 588 shares during the period. SG Americas Securities LLC acquired a new stake in WD-40 in the 3rd quarter valued at $118,000. Comerica Bank grew its position in WD-40 by 17.5% in the 3rd quarter. Comerica Bank now owns 17,405 shares of the specialty chemicals company’s stock valued at $1,894,000 after purchasing an additional 2,594 shares during the period. Rhumbline Advisers grew its position in WD-40 by 2.5% in the 3rd quarter. Rhumbline Advisers now owns 35,352 shares of the specialty chemicals company’s stock valued at $3,956,000 after purchasing an additional 858 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its position in WD-40 by 58.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,280 shares of the specialty chemicals company’s stock valued at $591,000 after purchasing an additional 1,950 shares during the period. 84.20% of the stock is owned by institutional investors and hedge funds.
WDFC has been the subject of several research reports. Zacks Investment Research downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub raised shares of WD-40 from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. FBR & Co reissued a “neutral” rating and issued a $122.00 price target (up previously from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Finally, B. Riley reissued a “neutral” rating on shares of WD-40 in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. WD-40 has an average rating of “Hold” and an average target price of $117.25.
In other WD-40 news, VP Jay Rembolt sold 676 shares of WD-40 stock in a transaction on Monday, October 9th. The shares were sold at an average price of $112.60, for a total transaction of $76,117.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.62% of the stock is owned by insiders.
WD-40 (WDFC) opened at $120.90 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.51 and a current ratio of 2.98. The stock has a market cap of $1,661.76, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 3.09 and a beta of 0.67. WD-40 has a fifty-two week low of $100.60 and a fifty-two week high of $122.65.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.04. The firm had revenue of $96.60 million for the quarter, compared to the consensus estimate of $106.01 million. WD-40 had a net margin of 13.91% and a return on equity of 39.82%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. sell-side analysts anticipate that WD-40 will post 3.85 earnings per share for the current fiscal year.
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WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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