5,180 Shares in WD-40 Company $WDFC Purchased by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec acquired 5,180 shares of WD-40 Company valued at approximately $1.26 million in the first quarter.
• WD-40 reported earnings of $1.54 per share for the last quarter, exceeding analyst expectations but falling short on revenue, which was $156.92 million.
• The company has recently announced a quarterly dividend of $0.94, yielding 1.7% annually, with a payout ratio of 59.21%.

Federation des caisses Desjardins du Quebec acquired a new position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,180 shares of the specialty chemicals company's stock, valued at approximately $1,264,000.

A number of other large investors have also added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of WD-40 by 4.6% in the first quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company's stock worth $5,032,000 after purchasing an additional 901 shares in the last quarter. Vident Advisory LLC increased its stake in shares of WD-40 by 61.4% in the first quarter. Vident Advisory LLC now owns 2,197 shares of the specialty chemicals company's stock worth $536,000 after purchasing an additional 836 shares in the last quarter. Evergreen Capital Management LLC increased its stake in shares of WD-40 by 13.0% in the first quarter. Evergreen Capital Management LLC now owns 1,147 shares of the specialty chemicals company's stock worth $280,000 after purchasing an additional 132 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of WD-40 in the first quarter valued at approximately $416,000. Finally, State of Wyoming boosted its position in shares of WD-40 by 22.2% in the first quarter. State of Wyoming now owns 566 shares of the specialty chemicals company's stock valued at $138,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 91.52% of the company's stock.

WD-40 Trading Up 0.7%

Shares of WD-40 stock opened at $218.08 on Monday. WD-40 Company has a 1 year low of $208.00 and a 1 year high of $292.36. The firm has a market cap of $2.95 billion, a PE ratio of 34.34 and a beta of 0.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02. The company has a 50 day simple moving average of $221.19 and a two-hundred day simple moving average of $230.94.

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

WD-40 Dividend Announcement

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

Analyst Ratings Changes

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

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.

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