Bridge City Capital LLC Has $2.35 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

Bridge City Capital LLC increased its stake in shares of WD-40 (NASDAQ:WDFC) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,702 shares of the specialty chemicals company’s stock after buying an additional 94 shares during the period. Bridge City Capital LLC’s holdings in WD-40 were worth $2,354,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of WD-40 by 26.4% during the fourth quarter. LPL Financial LLC now owns 9,403 shares of the specialty chemicals company’s stock worth $2,282,000 after acquiring an additional 1,966 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in WD-40 during the 4th quarter worth approximately $680,000. Sei Investments Co. boosted its stake in WD-40 by 2.5% in the 4th quarter. Sei Investments Co. now owns 3,141 shares of the specialty chemicals company’s stock valued at $763,000 after purchasing an additional 77 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in WD-40 by 5.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 23,035 shares of the specialty chemicals company’s stock valued at $5,590,000 after buying an additional 1,137 shares in the last quarter. Finally, Whittier Trust Co. increased its position in WD-40 by 3.7% during the 4th quarter. Whittier Trust Co. now owns 45,083 shares of the specialty chemicals company’s stock worth $10,941,000 after buying an additional 1,617 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

Analyst Ratings Changes

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

WD-40 Stock Performance

Shares of NASDAQ:WDFC opened at $230.67 on Friday. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. The company’s 50 day moving average price is $235.62 and its two-hundred day moving average price is $252.88. The firm has a market cap of $3.12 billion, a PE ratio of 44.19 and a beta of -0.10. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

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, topping analysts’ consensus estimates of $1.29 by $0.10. The business had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. Equities research analysts predict that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, April 17th. WD-40’s dividend payout ratio (DPR) is presently 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.