Comerica Bank grew its holdings in WD-40 (NASDAQ:WDFC) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,658 shares of the specialty chemicals company’s stock after purchasing an additional 3,533 shares during the period. Comerica Bank owned about 0.17% of WD-40 worth $4,121,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of WDFC. WINTON GROUP Ltd increased its holdings in shares of WD-40 by 10.6% in the 2nd quarter. WINTON GROUP Ltd now owns 6,726 shares of the specialty chemicals company’s stock valued at $1,070,000 after purchasing an additional 642 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in WD-40 in the second quarter worth approximately $239,000. Unigestion Holding SA acquired a new position in WD-40 in the second quarter worth approximately $841,000. Oregon Public Employees Retirement Fund increased its holdings in WD-40 by 1.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 5,461 shares of the specialty chemicals company’s stock worth $869,000 after buying an additional 100 shares during the last quarter. Finally, Gradient Investments LLC acquired a new position in WD-40 in the second quarter worth approximately $80,000. Institutional investors own 86.64% of the company’s stock.
A number of equities analysts recently commented on the company. BidaskClub upgraded WD-40 from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research downgraded WD-40 from a “buy” rating to a “sell” rating in a report on Saturday, October 26th. ValuEngine upgraded WD-40 from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, DA Davidson set a $209.00 price objective on WD-40 and gave the stock a “buy” rating in a report on Tuesday, October 15th.
NASDAQ:WDFC opened at $183.99 on Friday. The stock’s 50 day moving average price is $183.72 and its 200 day moving average price is $174.71. WD-40 has a 52 week low of $153.91 and a 52 week high of $189.42. The company has a market capitalization of $2.50 billion, a P/E ratio of 45.77 and a beta of 0.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.44 and a current ratio of 1.98.
WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, October 17th. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.64. The firm had revenue of $106.74 million during the quarter, compared to analysts’ expectations of $106.30 million. WD-40 had a return on equity of 36.86% and a net margin of 13.21%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. As a group, sell-side analysts forecast that WD-40 will post 4.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were given a dividend of $0.61 per share. The ex-dividend date was Thursday, October 17th. This represents a $2.44 dividend on an annualized basis and a yield of 1.33%. WD-40’s payout ratio is currently 60.70%.
In other WD-40 news, Director Geoffrey Holdsworth sold 1,408 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $182.28, for a total transaction of $256,650.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.09% of the stock is owned by corporate insiders.
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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