Man Group plc lessened its position in shares of WD-40 (NASDAQ:WDFC) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,352 shares of the specialty chemicals company’s stock after selling 1,967 shares during the quarter. Man Group plc’s holdings in WD-40 were worth $35,402,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Artemis Investment Management LLP acquired a new position in WD-40 in the fourth quarter valued at about $4,547,000. Knights of Columbus Asset Advisors LLC acquired a new position in WD-40 in the fourth quarter valued at about $4,595,000. Great West Life Assurance Co. Can acquired a new position in WD-40 in the fourth quarter valued at about $3,314,000. TD Asset Management Inc. lifted its stake in WD-40 by 138.8% in the fourth quarter. TD Asset Management Inc. now owns 28,900 shares of the specialty chemicals company’s stock valued at $5,611,000 after buying an additional 16,800 shares during the period. Finally, Karani Asset Management LLC acquired a new position in WD-40 in the fourth quarter valued at about $2,531,000. 88.83% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:WDFC opened at $183.51 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.30 and a current ratio of 1.84. The company has a market cap of $2.70 billion, a PE ratio of 46.46 and a beta of 0.34. WD-40 has a 52-week low of $153.91 and a 52-week high of $211.68. The stock has a 50-day simple moving average of $186.24 and a 200 day simple moving average of $187.75.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, January 9th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.11). The firm had revenue of $98.60 million for the quarter, compared to the consensus estimate of $104.00 million. WD-40 had a return on equity of 36.50% and a net margin of 13.03%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share. On average, research analysts predict that WD-40 will post 4.77 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, April 17th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.46%. WD-40’s payout ratio is presently 66.67%.
Several brokerages have issued reports on WDFC. ValuEngine downgraded WD-40 from a “buy” rating to a “hold” rating in a report on Friday, January 24th. DA Davidson downgraded WD-40 from a “buy” rating to a “neutral” rating and set a $209.00 price target for the company. in a report on Tuesday, January 7th. BidaskClub upgraded WD-40 from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded WD-40 from a “sell” rating to a “hold” rating in a report on Wednesday, March 4th.
In related news, COO Steven A. Brass sold 677 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $189.14, for a total transaction of $128,047.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.09% of the stock is currently owned by company insiders.
WD-40 Company 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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.
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