IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Position in WD-40 (NASDAQ:WDFC)

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in WD-40 (NASDAQ:WDFC) by 10.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,881 shares of the specialty chemicals company’s stock after purchasing an additional 478 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in WD-40 were worth $1,185,000 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. Coldstream Capital Management Inc. lifted its position in shares of WD-40 by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company’s stock valued at $321,000 after acquiring an additional 40 shares during the period. D.A. Davidson & CO. increased its stake in WD-40 by 6.3% in the 4th quarter. D.A. Davidson & CO. now owns 845 shares of the specialty chemicals company’s stock valued at $205,000 after purchasing an additional 50 shares in the last quarter. HighTower Advisors LLC increased its stake in WD-40 by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company’s stock valued at $1,625,000 after purchasing an additional 57 shares in the last quarter. Inspire Investing LLC raised its holdings in WD-40 by 3.8% during the fourth quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company’s stock worth $402,000 after purchasing an additional 61 shares during the last quarter. Finally, Truist Financial Corp boosted its position in WD-40 by 2.4% during the fourth quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company’s stock worth $646,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Stock Up 3.1 %

Shares of NASDAQ WDFC opened at $242.49 on Friday. The firm’s 50-day moving average is $236.28 and its two-hundred day moving average is $252.22. The company has a market capitalization of $3.28 billion, a PE ratio of 46.45 and a beta of -0.10. 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.

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

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.94 per share. The ex-dividend date is Thursday, April 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.55%. WD-40’s dividend payout ratio is currently 72.03%.

Analysts Set New Price Targets

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

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.