BlackRock Inc. Has $371.29 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

Posted by Defense World Staff on Mar 10th, 2023

BlackRock Inc. decreased its position in shares of WD-40 (NASDAQ:WDFC – Get Rating) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,112,697 shares of the specialty chemicals company’s stock after selling 13,561 shares during the period. BlackRock Inc. owned 15.56% of WD-40 worth $371,286,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP grew its position in WD-40 by 27.4% in the first quarter. First Trust Advisors LP now owns 328,113 shares of the specialty chemicals company’s stock worth $60,120,000 after acquiring an additional 70,598 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in WD-40 by 36.7% in the second quarter. Goldman Sachs Group Inc. now owns 121,804 shares of the specialty chemicals company’s stock worth $24,526,000 after purchasing an additional 32,679 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in WD-40 by 161.1% during the second quarter. Cubist Systematic Strategies LLC now owns 40,163 shares of the specialty chemicals company’s stock worth $8,087,000 after buying an additional 24,779 shares during the last quarter. State Street Corp raised its holdings in WD-40 by 4.0% during the first quarter. State Street Corp now owns 479,538 shares of the specialty chemicals company’s stock valued at $87,866,000 after buying an additional 18,465 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of WD-40 by 31.8% in the second quarter. Natixis Advisors L.P. now owns 74,882 shares of the specialty chemicals company’s stock worth $15,078,000 after buying an additional 18,088 shares during the last quarter. Institutional investors and hedge funds own 92.24% of the company’s stock.

WD-40 Stock Performance

WDFC opened at $168.70 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.20 and a current ratio of 2.25. The company has a market cap of $2.29 billion, a PE ratio of 36.83 and a beta of -0.17. The stock has a 50-day moving average of $172.12 and a 200-day moving average of $173.16. WD-40 has a 52-week low of $145.16 and a 52-week high of $209.64.

WD-40 (NASDAQ:WDFC – Get Rating) last announced its earnings results on Monday, January 9th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.07). WD-40 had a return on equity of 32.44% and a net margin of 12.33%. The company had revenue of $124.89 million for the quarter, compared to the consensus estimate of $140.70 million. During the same period in the previous year, the company earned $1.34 EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that WD-40 will post 5.19 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, January 13th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, January 12th. This is an increase from WD-40’s previous quarterly dividend of $0.78. WD-40’s dividend payout ratio (DPR) is 72.49%.

Insider Buying and Selling at WD-40

In other WD-40 news, CEO Steven A. Brass acquired 586 shares of the company’s stock in a transaction dated Wednesday, January 18th. The shares were acquired at an average cost of $170.57 per share, for a total transaction of $99,954.02. Following the completion of the purchase, the chief executive officer now owns 15,975 shares of the company’s stock, valued at approximately $2,724,855.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other WD-40 news, CEO Steven A. Brass bought 586 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The stock was purchased at an average price of $170.57 per share, for a total transaction of $99,954.02. Following the purchase, the chief executive officer now directly owns 15,975 shares in the company, valued at $2,724,855.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patricia Q. Olsem sold 438 shares of WD-40 stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $180.00, for a total value of $78,840.00. Following the completion of the transaction, the insider now directly owns 2,743 shares in the company, valued at $493,740. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

WD-40 Company Profile

(Get Rating)

WD-40 Co engages in developing and selling products that solve problems in workshops, factories, and homes. The firm operates through the following geographical segments: Americas, Europe, Middle East, and Africa (EMEA), and Asia-Pacific. Its product brands include WD-40 multi-use product, WD-40 specialist, 3-in-one, GT85, X-14, 2000 flushes, carpet fresh, no vac, spot shot, 1001, lava, and solvol.

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 – Get Rating).

Institutional Ownership by Quarter 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.