2,080 Shares in WD-40 Company $WDFC Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has acquired 2,080 shares of WD-40 Company, worth approximately $508,000, as part of its new position during the first quarter.
• WD-40's most recent quarterly earnings report showed an EPS of $1.54, exceeding analysts' estimates, and had a 1.2% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.94 per share, resulting in a 1.7% yield, with a 59.21% payout ratio.

Fox Run Management L.L.C. purchased a new stake in shares of WD-40 Company (NASDAQ:WDFC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,080 shares of the specialty chemicals company's stock, valued at approximately $508,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WDFC. Ameriflex Group Inc. purchased a new stake in WD-40 in the fourth quarter valued at approximately $25,000. TD Waterhouse Canada Inc. purchased a new stake in shares of WD-40 during the 4th quarter valued at $27,000. Versant Capital Management Inc raised its position in shares of WD-40 by 96.1% during the 1st quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock valued at $36,000 after buying an additional 73 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of WD-40 by 210.6% during the 1st quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock worth $36,000 after acquiring an additional 99 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in WD-40 by 82.6% in the first quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $38,000 after acquiring an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

Analysts Set New Price Targets

Separately, DA Davidson lowered their price target on WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $290.00.

WD-40 Trading Up 0.8%

Shares of WDFC traded up $1.7750 during trading hours on Friday, hitting $222.0150. The company had a trading volume of 48,811 shares, compared to its average volume of 146,043. WD-40 Company has a 52-week low of $208.00 and a 52-week high of $292.36. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average price is $225.52 and its 200 day moving average price is $232.22. The firm has a market cap of $3.00 billion, a P/E ratio of 34.97 and a beta of 0.15.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. The business had revenue of $156.92 million for the quarter, compared to analyst estimates of $160.60 million. WD-40 had a return on equity of 31.23% and a net margin of 14.13%.WD-40's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. On average, research analysts predict that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 18th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, July 18th. WD-40's dividend payout ratio is currently 59.21%.

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.