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

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

Several other large investors have also recently added to or reduced their stakes in WDFC. Norges Bank bought a new stake in WD-40 during the fourth quarter worth about $54,571,000. Raymond James Financial Inc. bought a new stake in WD-40 during the fourth quarter worth about $17,903,000. Balyasny Asset Management L.P. bought a new stake in WD-40 during the fourth quarter worth about $10,179,000. Marshall Wace LLP grew its stake in WD-40 by 55.4% during the fourth quarter. Marshall Wace LLP now owns 104,431 shares of the specialty chemicals company's stock worth $25,343,000 after buying an additional 37,247 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in WD-40 by 456.4% during the fourth quarter. Cubist Systematic Strategies LLC now owns 41,728 shares of the specialty chemicals company's stock worth $10,127,000 after buying an additional 34,229 shares during the last quarter. 91.52% of the stock is owned by institutional investors.

Insider Transactions at WD-40

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

Wall Street Analysts Forecast Growth

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

WD-40 Price Performance

Shares of WDFC stock traded down $0.48 during trading hours on Thursday, reaching $242.52. 52,185 shares of the company were exchanged, compared to its average volume of 100,959. WD-40 has a fifty-two week low of $208.00 and a fifty-two week high of $292.36. The stock's fifty day moving average is $232.72 and its two-hundred day moving average is $244.51. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 46.46 and a beta of 0.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. During the same period in the prior year, the business earned $1.14 earnings per share. WD-40's quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts forecast that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were given a dividend of $0.94 per share. The ex-dividend date was Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.55%. WD-40's payout ratio is 59.97%.

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.