WD-40 (NASDAQ:WDFC) Stake Lifted by Algert Global LLC

Algert Global LLC lifted its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,669 shares of the specialty chemicals company's stock after acquiring an additional 1,329 shares during the period. Algert Global LLC owned 0.07% of WD-40 worth $2,346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDFC. D.A. Davidson & CO. grew its position in shares of WD-40 by 6.3% in the fourth quarter. D.A. Davidson & CO. now owns 845 shares of the specialty chemicals company's stock valued at $205,000 after purchasing an additional 50 shares during the period. HighTower Advisors LLC boosted its stake in WD-40 by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company's stock worth $1,625,000 after buying an additional 57 shares during the last quarter. Inspire Investing LLC grew its holdings in WD-40 by 3.8% in the 4th quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company's stock valued at $402,000 after buying an additional 61 shares during the period. Truist Financial Corp increased its stake in shares of WD-40 by 2.4% during the 4th quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company's stock valued at $646,000 after acquiring an additional 62 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of WD-40 by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,111 shares of the specialty chemicals company's stock worth $2,454,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 91.52% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CFO Sara Kathleen Hyzer purchased 256 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average cost of $222.83 per share, with a total value of $57,044.48. Following the acquisition, the chief financial officer now owns 4,072 shares in the company, valued at approximately $907,363.76. This trade represents a 6.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company's stock.

WD-40 Trading Down 1.1%

Shares of NASDAQ:WDFC traded down $2.62 during trading on Wednesday, reaching $236.94. 16,248 shares of the stock were exchanged, compared to its average volume of 100,628. WD-40 has a 12-month low of $208.00 and a 12-month high of $292.36. The firm's 50-day moving average price is $232.67 and its 200 day moving average price is $245.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 45.39 and a beta of 0.17.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. On average, sell-side analysts anticipate that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, April 17th. WD-40's payout ratio is 59.97%.

WD-40 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.