WD-40 (NASDAQ:WDFC) Position Increased by Dividend Assets Capital LLC

Dividend Assets Capital LLC boosted its stake in shares of WD-40 (NASDAQ:WDFC) by 13.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,996 shares of the specialty chemicals company’s stock after purchasing an additional 1,686 shares during the quarter. Dividend Assets Capital LLC owned approximately 0.10% of WD-40 worth $3,396,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WDFC. Thrivent Financial for Lutherans increased its stake in shares of WD-40 by 42.4% in the third quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company’s stock valued at $4,133,000 after purchasing an additional 4,775 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in WD-40 by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock worth $37,512,000 after buying an additional 3,960 shares in the last quarter. Pacer Advisors Inc. increased its position in WD-40 by 115.3% in the 4th quarter. Pacer Advisors Inc. now owns 859 shares of the specialty chemicals company’s stock valued at $208,000 after acquiring an additional 460 shares during the period. JPMorgan Chase & Co. raised its stake in WD-40 by 24.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company’s stock valued at $13,913,000 after acquiring an additional 10,711 shares in the last quarter. Finally, Guidance Capital Inc. acquired a new position in WD-40 during the 4th quarter worth $464,000. 91.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson reissued a “buy” rating and set a $322.00 price target on shares of WD-40 in a report on Monday, January 27th.

WD-40 Trading Down 0.8 %

WD-40 stock opened at $229.08 on Friday. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. 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 stock has a market capitalization of $3.10 billion, a PE ratio of 43.89 and a beta of -0.05. The firm has a 50 day simple moving average of $238.93 and a 200-day simple moving average of $254.87.

WD-40 (NASDAQ:WDFC) last issued its quarterly 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. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. During the same period last year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.64%. This is an increase from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, January 17th. WD-40’s dividend payout ratio is presently 72.03%.

About WD-40

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.