WD-40 (NASDAQ:WDFC) Stock Position Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 336,485 shares of the specialty chemicals company's stock after selling 35,387 shares during the period. Ameriprise Financial Inc. owned 2.48% of WD-40 worth $81,658,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new position in WD-40 during the 4th quarter worth about $27,000. SRS Capital Advisors Inc. increased its holdings in shares of WD-40 by 525.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after acquiring an additional 163 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of WD-40 in the fourth quarter valued at approximately $49,000. Anchor Investment Management LLC boosted its holdings 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 valued at $85,000 after acquiring an additional 340 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock valued at $97,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Trading Up 2.3%

WDFC stock traded up $5.39 during trading on Monday, reaching $237.21. 74,286 shares of the stock traded hands, compared to its average volume of 100,807. The business's 50 day moving average price is $232.79 and its 200-day moving average price is $245.44. WD-40 has a 52-week low of $208.00 and a 52-week high of $292.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The firm has a market capitalization of $3.21 billion, a PE ratio of 45.44 and a beta of 0.17.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.27 by $0.05. The company had revenue of $146.10 million during the quarter, compared to analysts' expectations 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 period in the prior year, the business posted $1.14 EPS. As a group, sell-side analysts forecast that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

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

Insider Activity at WD-40

In other news, CFO Sara Kathleen Hyzer bought 256 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the purchase, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at $907,363.76. This represents a 6.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

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

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.