Numerai GP LLC bought a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,423 shares of the specialty chemicals company's stock, valued at approximately $345,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. acquired a new stake in WD-40 during the 4th quarter worth approximately $27,000. SRS Capital Advisors Inc. boosted its position in WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock worth $47,000 after buying an additional 163 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of WD-40 in the fourth quarter worth $49,000. Anchor Investment Management LLC grew its stake in shares of WD-40 by 3,400.0% in the fourth quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company's stock worth $85,000 after purchasing an additional 340 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of WD-40 by 23.1% in the fourth quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock worth $133,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 91.52% of the company's stock.
Insider Transactions at WD-40
In other WD-40 news, CFO Sara Kathleen Hyzer bought 256 shares of the stock in a transaction on Friday, April 11th. The shares were acquired at an average price of $222.83 per share, with a total value of $57,044.48. Following the acquisition, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at $907,363.76. The trade was a 6.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Separately, DA Davidson raised shares of WD-40 to a "strong-buy" rating in a research note on Monday, April 14th.
Read Our Latest Stock Report on WD-40
WD-40 Trading Up 0.4%
WDFC traded up $0.91 during trading on Monday, reaching $246.57. 44,949 shares of the stock traded hands, compared to its average volume of 101,200. The stock's 50-day moving average is $232.45 and its 200 day moving average is $244.50. WD-40 has a 12 month low of $208.00 and a 12 month high of $292.36. The stock has a market capitalization of $3.34 billion, a PE ratio of 47.24 and a beta of 0.17. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.
WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The firm had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. During the same quarter in the prior year, the business earned $1.14 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts anticipate that WD-40 will post 5.42 earnings per share for the current year.
WD-40 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.52%. WD-40's dividend payout ratio is presently 59.97%.
WD-40 Profile
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Free Report)
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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.
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