Dynamic Technology Lab Private Ltd Acquires New Stake in WD-40 (NASDAQ:WDFC)

Dynamic Technology Lab Private Ltd bought a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,443 shares of the specialty chemicals company's stock, valued at approximately $593,000.

Other institutional investors have also made changes to their positions in the company. SRS Capital Advisors Inc. grew its stake in 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 buying an additional 163 shares during the last quarter. GAMMA Investing LLC lifted its holdings in WD-40 by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock worth $97,000 after purchasing an additional 75 shares during the last quarter. KBC Group NV increased its position in WD-40 by 23.1% during the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock worth $133,000 after buying an additional 103 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of WD-40 by 70.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock valued at $137,000 after acquiring an additional 233 shares during the period. Finally, R Squared Ltd bought a new position in WD-40 during the fourth quarter worth about $141,000. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Price Performance

Shares of WD-40 stock traded up $0.68 during midday trading on Friday, hitting $222.03. 164,236 shares of the company traded hands, compared to its average volume of 101,431. The firm's fifty day moving average price is $236.01 and its 200-day moving average price is $249.99. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 42.53 and a beta of 0.03. WD-40 has a 12 month low of $208.00 and a 12 month 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 earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The firm had revenue of $146.10 million for the quarter, compared to analysts' expectations of $154.40 million. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company's revenue was up 5.0% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a $0.94 dividend. The ex-dividend date is Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.69%. WD-40's dividend payout ratio is presently 59.97%.

Analyst Upgrades and Downgrades

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

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.