WD-40 Company $WDFC Shares Sold by Amundi

Key Points

• Amundi reduced its holdings in WD-40 Company by 20.8%, selling 1,432 shares during the first quarter, resulting in a total ownership of 5,443 shares valued at $1,355,000.
• WD-40 reported earnings of $1.54 EPS for the quarter, exceeding analyst expectations, but their revenue of $156.92 million fell short of the anticipated $160.60 million.
• The company recently announced a quarterly dividend of $0.94 per share with an annual yield of 1.8%, and has a dividend payout ratio of 59.21%.

Amundi reduced its position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 20.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,443 shares of the specialty chemicals company's stock after selling 1,432 shares during the period. Amundi's holdings in WD-40 were worth $1,355,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WDFC. GAMMA Investing LLC increased its stake in WD-40 by 28,448.0% during the 1st quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company's stock worth $27,863,000 after buying an additional 113,792 shares in the last quarter. Millennium Management LLC increased its stake in WD-40 by 206.9% during the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock worth $38,381,000 after buying an additional 106,617 shares in the last quarter. Wellington Management Group LLP purchased a new stake in WD-40 during the 1st quarter worth approximately $23,556,000. Invesco Ltd. increased its stake in WD-40 by 122.0% during the 1st quarter. Invesco Ltd. now owns 162,181 shares of the specialty chemicals company's stock worth $39,572,000 after buying an additional 89,120 shares in the last quarter. Finally, GCQ FUNDS MANAGEMENT PTY Ltd boosted its holdings in shares of WD-40 by 245.0% during the 1st quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 64,423 shares of the specialty chemicals company's stock worth $15,719,000 after purchasing an additional 45,747 shares during the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Trading Up 0.5%

WDFC traded up $1.00 during trading hours on Thursday, reaching $213.15. The company's stock had a trading volume of 183,650 shares, compared to its average volume of 105,010. WD-40 Company has a fifty-two week low of $206.22 and a fifty-two week high of $292.36. The stock has a market cap of $2.88 billion, a PE ratio of 33.57 and a beta of 0.13. The business's 50-day moving average is $217.05 and its 200-day moving average is $229.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. WD-40 had a return on equity of 31.23% and a net margin of 14.13%.The firm had revenue of $156.92 million for the quarter, compared to analysts' expectations of $160.60 million. During the same period in the prior year, the firm posted $1.46 earnings per share. The firm's quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, DA Davidson lowered their target price on WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock in a 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $290.00.

WD-40 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.