Dimensional Fund Advisors LP Reduces Position in WD-40 (NASDAQ:WDFC)

Dimensional Fund Advisors LP lowered its stake in WD-40 (NASDAQ:WDFC - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290,737 shares of the specialty chemicals company's stock after selling 4,079 shares during the period. Dimensional Fund Advisors LP owned 2.15% of WD-40 worth $70,556,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP raised its stake in WD-40 by 55.4% in the fourth quarter. Marshall Wace LLP now owns 104,431 shares of the specialty chemicals company's stock worth $25,343,000 after buying an additional 37,247 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of WD-40 by 47.3% in the 4th quarter. NewEdge Advisors LLC now owns 1,480 shares of the specialty chemicals company's stock valued at $359,000 after purchasing an additional 475 shares during the period. Anchor Investment Management LLC boosted 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 valued at $85,000 after purchasing an additional 340 shares in the last quarter. Mariner LLC raised its holdings in WD-40 by 3.2% in the fourth quarter. Mariner LLC now owns 7,850 shares of the specialty chemicals company's stock worth $1,905,000 after purchasing an additional 240 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in WD-40 by 5.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,425 shares of the specialty chemicals company's stock valued at $346,000 after buying an additional 70 shares during the period. 91.52% of the stock is currently owned by institutional investors.

WD-40 Stock Up 0.9 %

Shares of WD-40 stock traded up $2.03 during midday trading on Tuesday, hitting $233.83. The company had a trading volume of 8,984 shares, compared to its average volume of 100,402. The company has a 50 day moving average of $233.17 and a 200 day moving average of $246.28. The stock has a market capitalization of $3.17 billion, a P/E ratio of 44.90 and a beta of 0.03. 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 quick ratio of 1.75 and a current ratio of 2.44.

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 (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.05. The firm had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. WD-40's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. On average, equities analysts predict that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The business 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 was Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.61%. WD-40's dividend payout ratio is presently 59.97%.

Insider Activity

In other WD-40 news, CFO Sara Kathleen Hyzer acquired 256 shares of the business's stock in a transaction dated Friday, April 11th. The stock was purchased at an average price of $222.83 per share, with a total value of $57,044.48. Following the transaction, the chief financial officer now directly owns 4,072 shares in the company, valued at approximately $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 link. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.