APG Asset Management N.V. Has $257.96 Million Stake in WD-40 (NASDAQ:WDFC)

APG Asset Management N.V. decreased its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 31.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,100,679 shares of the specialty chemicals company's stock after selling 507,542 shares during the period. APG Asset Management N.V. owned approximately 8.12% of WD-40 worth $257,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WDFC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in WD-40 by 13.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,211 shares of the specialty chemicals company's stock worth $9,338,000 after acquiring an additional 4,394 shares during the last quarter. IHT Wealth Management LLC bought a new stake in WD-40 during the 3rd quarter worth about $225,000. State Street Corp boosted its stake in shares of WD-40 by 1.8% during the 3rd quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company's stock worth $134,911,000 after buying an additional 9,418 shares during the last quarter. Barclays PLC grew its holdings in shares of WD-40 by 309.7% in the 3rd quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company's stock valued at $9,566,000 after acquiring an additional 28,039 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of WD-40 by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company's stock worth $97,524,000 after purchasing an additional 12,943 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a "buy" rating and set a $322.00 price target on shares of WD-40 in a research report on Monday, January 27th.

WD-40 Stock Performance

NASDAQ:WDFC traded up $0.68 on Friday, hitting $222.03. The company's stock had a trading volume of 164,236 shares, compared to its average volume of 101,571. WD-40 has a one year low of $208.00 and a one year high of $292.36. The firm has a market capitalization of $3.01 billion, a P/E ratio of 42.53 and a beta of 0.03. The stock has a fifty day moving average of $236.01 and a two-hundred day moving average of $250.03. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37.

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

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40's dividend payout ratio is presently 59.97%.

About WD-40

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.