Deutsche Bank AG Has $4.86 Million Position in WD-40 (NASDAQ:WDFC)

Deutsche Bank AG boosted its holdings in WD-40 (NASDAQ:WDFC - Free Report) by 143.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,016 shares of the specialty chemicals company's stock after purchasing an additional 11,786 shares during the period. Deutsche Bank AG owned about 0.15% of WD-40 worth $4,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new position in WD-40 in the fourth quarter valued at $27,000. SRS Capital Advisors Inc. grew its position in shares of 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 acquiring an additional 163 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of WD-40 in the 4th quarter valued at about $49,000. Anchor Investment Management LLC grew its position in shares of WD-40 by 3,400.0% in the 4th quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company's stock valued at $85,000 after acquiring an additional 340 shares during the period. Finally, KBC Group NV grew its position in shares of WD-40 by 23.1% in the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock valued at $133,000 after acquiring an additional 103 shares during the period. Institutional investors own 91.52% of the company's stock.

WD-40 Stock Performance

Shares of WDFC traded down $1.42 during midday trading on Friday, reaching $241.10. The stock had a trading volume of 45,681 shares, compared to its average volume of 101,428. The firm has a market cap of $3.27 billion, a PE ratio of 46.19 and a beta of 0.17. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $232.66 and a 200-day simple moving average of $243.88. WD-40 has a one year low of $208.00 and a one year high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.27 by $0.05. The business had revenue of $146.10 million during the quarter, compared to the consensus estimate of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. WD-40's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. As a group, sell-side analysts anticipate that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, April 17th. WD-40's payout ratio is 59.97%.

Analyst Ratings Changes

Separately, DA Davidson raised shares of WD-40 to a "strong-buy" rating in a research report on Monday, April 14th.

Insider Buying and Selling

In other WD-40 news, CFO Sara Kathleen Hyzer acquired 256 shares of the business's stock in a transaction on Friday, April 11th. The stock was purchased at an average price of $222.83 per share, with a total value of $57,044.48. Following the acquisition, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at approximately $907,363.76. This trade represents a 6.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

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.