South Dakota Investment Council reduced its position in shares of WD-40 (NASDAQ:WDFC) by 49.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,510 shares of the specialty chemicals company’s stock after selling 1,490 shares during the quarter. South Dakota Investment Council’s holdings in WD-40 were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WDFC. Nalls Sherbakoff Group LLC bought a new stake in WD-40 in the 4th quarter valued at $30,000. Capital Investment Advisory Services LLC bought a new stake in WD-40 in the 4th quarter valued at $33,000. WP Advisors LLC bought a new stake in WD-40 in the 1st quarter valued at $35,000. Lindbrook Capital LLC bought a new stake in WD-40 in the 4th quarter valued at $37,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in WD-40 in the 4th quarter valued at $45,000. 87.66% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. ValuEngine raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Zacks Investment Research downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, BidaskClub downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $164.50.
Shares of WDFC stock opened at $162.27 on Thursday. WD-40 has a 52-week low of $131.35 and a 52-week high of $187.50. The firm has a market capitalization of $2.23 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 3.61 and a beta of 0.22. The company has a quick ratio of 1.49, a current ratio of 2.07 and a debt-to-equity ratio of 0.41.
WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. WD-40 had a net margin of 16.24% and a return on equity of 39.13%. The company had revenue of $101.30 million during the quarter, compared to analysts’ expectations of $104.10 million. During the same quarter in the prior year, the company posted $1.05 EPS. The business’s revenue was up .0% on a year-over-year basis. As a group, equities research analysts forecast that WD-40 will post 4.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Wednesday, April 17th. WD-40’s dividend payout ratio is 59.08%.
In other news, Director Daniel E. Pittard bought 400 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was acquired at an average price of $165.00 per share, for a total transaction of $66,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Steven A. Brass sold 822 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $164.30, for a total transaction of $135,054.60. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.
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.
Further Reading: Gap Up Stocks
Want to see what other hedge funds are holding WDFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WD-40 (NASDAQ:WDFC).
Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.