Eagle Asset Management Inc. lifted its position in shares of WD-40 (NASDAQ:WDFC) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in WD-40 by 8.5% during the second quarter. New York State Common Retirement Fund now owns 15,952 shares of the specialty chemicals company’s stock valued at $1,760,000 after buying an additional 1,251 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of WD-40 by 27.6% in the second quarter. Neuberger Berman Group LLC now owns 591,124 shares of the specialty chemicals company’s stock worth $65,231,000 after purchasing an additional 127,744 shares during the last quarter. Aperio Group LLC raised its stake in shares of WD-40 by 25.1% in the third quarter. Aperio Group LLC now owns 10,676 shares of the specialty chemicals company’s stock worth $1,195,000 after purchasing an additional 2,145 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of WD-40 by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 28,646 shares of the specialty chemicals company’s stock worth $3,160,000 after purchasing an additional 5,709 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of WD-40 by 18.1% in the second quarter. Stifel Financial Corp now owns 22,333 shares of the specialty chemicals company’s stock worth $2,473,000 after purchasing an additional 3,429 shares during the last quarter. Institutional investors own 84.20% of the company’s stock.
In other WD-40 news, VP Jay Rembolt sold 676 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $112.60, for a total transaction of $76,117.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.90% of the stock is currently owned by insiders.
WD-40 (NASDAQ:WDFC) opened at $119.15 on Thursday. The firm has a market capitalization of $1,647.79, a PE ratio of 31.72, a PEG ratio of 3.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.98 and a quick ratio of 2.51. WD-40 has a one year low of $100.60 and a one year high of $122.65.
WD-40 (NASDAQ:WDFC) last posted its earnings results on Thursday, October 19th. The specialty chemicals company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $96.60 million for the quarter, compared to the consensus estimate of $106.01 million. WD-40 had a return on equity of 39.82% and a net margin of 13.91%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. research analysts forecast that WD-40 will post 3.85 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 19th will be given a $0.54 dividend. This is an increase from WD-40’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, January 18th. WD-40’s payout ratio is currently 52.69%.
WDFC has been the subject of several recent analyst reports. Zacks Investment Research cut WD-40 from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub upgraded WD-40 from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. FBR & Co reiterated a “neutral” rating and set a $122.00 price objective (up previously from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Finally, B. Riley reiterated a “neutral” rating on shares of WD-40 in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $117.25.
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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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