Campbell & CO Investment Adviser LLC Sells 4,597 Shares of WD-40 Company $WDFC

Key Points

• Campbell & CO Investment Adviser LLC has reduced its holdings in WD-40 Company by 48.0%, selling 4,597 shares during the first quarter, leaving it with 4,975 shares valued at approximately $1.21 million.
• WD-40's latest earnings report revealed an EPS of $1.54, surpassing the expected $1.40, with a revenue of $156.92 million, slightly below projections.
• The company recently declared a quarterly dividend of $0.94 per share, yielding an annualized rate of 1.7%, with a payout ratio of 59.21%.

Campbell & CO Investment Adviser LLC lowered its holdings in WD-40 Company (NASDAQ:WDFC - Free Report) by 48.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,975 shares of the specialty chemicals company's stock after selling 4,597 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in WD-40 were worth $1,214,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. grew its position in WD-40 by 4.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company's stock worth $256,000 after acquiring an additional 48 shares during the last quarter. KBC Group NV grew its holdings in shares of WD-40 by 8.9% during the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after purchasing an additional 49 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of WD-40 by 5.9% during the first quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company's stock worth $218,000 after purchasing an additional 50 shares during the last quarter. Xponance Inc. grew its holdings in shares of WD-40 by 5.4% during the first quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company's stock worth $253,000 after purchasing an additional 53 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of WD-40 by 3.9% during the first quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company's stock worth $362,000 after purchasing an additional 56 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

WD-40 Stock Performance

WDFC stock opened at $216.66 on Wednesday. WD-40 Company has a 1-year low of $208.00 and a 1-year high of $292.36. The company has a current ratio of 2.84, a quick ratio of 2.02 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.93 billion, a PE ratio of 34.12 and a beta of 0.15. The business's 50-day moving average price is $224.08 and its two-hundred day moving average price is $231.76.

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

WD-40 Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.

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