Ameritas Investment Partners Inc. purchased a new stake in shares of WD-40 Company (NASDAQ:WDFC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,216 shares of the specialty chemicals company’s stock, valued at approximately $132,000.
A number of other hedge funds also recently added to or reduced their stakes in WDFC. Kayne Anderson Rudnick Investment Management LLC boosted its stake in WD-40 Company by 5.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 467,885 shares of the specialty chemicals company’s stock valued at $50,976,000 after buying an additional 22,385 shares during the period. State Street Corp boosted its stake in WD-40 Company by 8.1% in the fourth quarter. State Street Corp now owns 339,636 shares of the specialty chemicals company’s stock valued at $39,699,000 after buying an additional 25,556 shares during the period. Bank of New York Mellon Corp boosted its stake in WD-40 Company by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 240,574 shares of the specialty chemicals company’s stock valued at $26,211,000 after buying an additional 13,106 shares during the period. Ameriprise Financial Inc. boosted its stake in WD-40 Company by 22.9% in the first quarter. Ameriprise Financial Inc. now owns 166,153 shares of the specialty chemicals company’s stock valued at $18,100,000 after buying an additional 30,911 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its stake in WD-40 Company by 570.3% in the first quarter. Conestoga Capital Advisors LLC now owns 155,185 shares of the specialty chemicals company’s stock valued at $16,907,000 after buying an additional 132,035 shares during the period. Institutional investors and hedge funds own 82.38% of the company’s stock.
WD-40 Company (WDFC) opened at 109.90 on Friday. WD-40 Company has a 12 month low of $100.60 and a 12 month high of $125.00. The firm’s 50-day moving average price is $106.31 and its 200 day moving average price is $108.18. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 30.86 and a beta of 0.76.
WD-40 Company (NASDAQ:WDFC) last posted its quarterly earnings results on Thursday, April 6th. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.03. WD-40 Company had a return on equity of 37.17% and a net margin of 13.45%. The firm had revenue of $96.50 million for the quarter, compared to the consensus estimate of $99.79 million. During the same period in the previous year, the company posted $0.94 EPS. WD-40 Company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that WD-40 Company will post $3.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 21st will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Wednesday, July 19th. WD-40 Company’s payout ratio is 55.06%.
WDFC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of WD-40 Company from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. BidaskClub upgraded shares of WD-40 Company from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. B. Riley reiterated a “neutral” rating and issued a $116.00 price target on shares of WD-40 Company in a report on Saturday, April 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $110.00 price target on shares of WD-40 Company in a report on Friday, March 31st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. WD-40 Company presently has an average rating of “Hold” and a consensus price target of $111.00.
In other news, VP Jay Rembolt sold 615 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $112.00, for a total transaction of $68,880.00. Following the transaction, the vice president now owns 37,219 shares of the company’s stock, valued at approximately $4,168,528. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mario L. Crivello sold 4,726 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $104.25, for a total value of $492,685.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,580 shares of company stock worth $696,614 in the last three months. Corporate insiders own 3.90% of the company’s stock.
About WD-40 Company
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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