Yousif Capital Management LLC cut its position in shares of WD-40 (NASDAQ:WDFC – Free Report) by 11.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,705 shares of the specialty chemicals company’s stock after selling 975 shares during the quarter. Yousif Capital Management LLC owned approximately 0.06% of WD-40 worth $1,372,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC boosted its holdings in WD-40 by 21,600.0% during the first quarter. Eagle Bay Advisors LLC now owns 217 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 216 shares during the last quarter. Quantbot Technologies LP bought a new stake in WD-40 in the second quarter worth about $44,000. Lazard Asset Management LLC raised its position in WD-40 by 1,805.3% in the fourth quarter. Lazard Asset Management LLC now owns 362 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 343 shares during the period. CWM LLC raised its position in WD-40 by 94.0% in the fourth quarter. CWM LLC now owns 421 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 204 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in WD-40 in the second quarter worth about $107,000. 92.33% of the stock is currently owned by hedge funds and other institutional investors.
WD-40 Stock Performance
NASDAQ WDFC opened at $230.79 on Wednesday. The company’s 50 day moving average is $201.98 and its 200-day moving average is $187.16. WD-40 has a 12-month low of $145.16 and a 12-month high of $234.69. The company has a quick ratio of 1.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.53. The firm has a market cap of $3.13 billion, a P/E ratio of 49.21 and a beta of -0.15.
WD-40 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, July 13th. WD-40’s dividend payout ratio (DPR) is presently 70.79%.
Insider Buying and Selling
In related news, insider Patricia Q. Olsem sold 420 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $200.00, for a total transaction of $84,000.00. Following the sale, the insider now owns 2,323 shares of the company’s stock, valued at approximately $464,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. StockNews.com assumed coverage on shares of WD-40 in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. TheStreet raised shares of WD-40 from a “c+” rating to a “b-” rating in a research report on Monday, July 10th. Finally, DA Davidson boosted their price target on shares of WD-40 from $228.00 to $232.00 in a research report on Tuesday, July 11th.
WD-40 Profile
WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, Australia, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name.
Featured Stories
- Five stocks we like better than WD-40
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- JetBlue Airlines May Have Entered A Buy Zone, Check This First
- How to Invest in Music Stocks
- Investors Are Staying Bullish On Marriot International
- How to Invest and Trade Chinese Stocks
- Do Caterpillar’s Results Hint at a Looming Infrastructure Bubble?
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.
