41,943 Shares in WD-40 (NASDAQ:WDFC) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 41,943 shares of the specialty chemicals company's stock, valued at approximately $10,179,000. Balyasny Asset Management L.P. owned approximately 0.31% of WD-40 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new stake in WD-40 during the fourth quarter worth approximately $27,000. SRS Capital Advisors Inc. grew its position in shares of WD-40 by 525.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock worth $47,000 after acquiring an additional 163 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of WD-40 during the fourth quarter worth approximately $49,000. Anchor Investment Management LLC grew its position in shares of WD-40 by 3,400.0% during the fourth quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company's stock worth $85,000 after acquiring an additional 340 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of WD-40 by 23.1% during the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock worth $97,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

Insider Buying and Selling

In related news, CFO Sara Kathleen Hyzer acquired 256 shares of the company's stock in a transaction dated Friday, April 11th. The stock was bought at an average price of $222.83 per share, with a total value of $57,044.48. Following the purchase, the chief financial officer now directly owns 4,072 shares in the company, valued at $907,363.76. The trade was a 6.71% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, DA Davidson upgraded shares of WD-40 to a "strong-buy" rating in a research report on Monday, April 14th.

WD-40 Stock Performance

NASDAQ:WDFC traded down $1.91 during midday trading on Wednesday, reaching $237.65. The stock had a trading volume of 19,281 shares, compared to its average volume of 100,634. The firm has a fifty day simple moving average of $232.67 and a two-hundred day simple moving average of $245.19. WD-40 has a 12-month low of $208.00 and a 12-month high of $292.36. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.22 billion, a P/E ratio of 45.53 and a beta of 0.17.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.05. The business had revenue of $146.10 million during the quarter, compared to the consensus estimate of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The business's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. On average, equities analysts expect that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were issued a $0.94 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.58%. WD-40's dividend payout ratio (DPR) is 59.97%.

WD-40 Company Profile

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.