Deutsche Bank AG Sells 2,860 Shares of WD-40 Company $WDFC

Deutsche Bank AG cut its holdings in WD-40 Company (NASDAQ:WDFC - Free Report) by 14.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,156 shares of the specialty chemicals company's stock after selling 2,860 shares during the quarter. Deutsche Bank AG owned about 0.13% of WD-40 worth $4,186,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in WD-40 by 36.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,830 shares of the specialty chemicals company's stock valued at $447,000 after purchasing an additional 491 shares during the period. KBC Group NV lifted its holdings in shares of WD-40 by 8.9% in the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock valued at $146,000 after purchasing an additional 49 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in WD-40 by 15.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,789 shares of the specialty chemicals company's stock valued at $1,168,000 after purchasing an additional 645 shares during the period. GAMMA Investing LLC grew its position in WD-40 by 17.0% in the first quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company's stock valued at $114,000 after acquiring an additional 68 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in WD-40 by 37.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,299 shares of the specialty chemicals company's stock worth $563,000 after acquiring an additional 627 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their target price 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, WD-40 has an average rating of "Moderate Buy" and a consensus price target of $290.00.

WD-40 Stock Down 0.3%

NASDAQ:WDFC traded down $0.6050 during mid-day trading on Thursday, reaching $220.2350. The stock had a trading volume of 21,147 shares, compared to its average volume of 146,447. The business's 50 day moving average is $226.03 and its 200 day moving average is $232.31. 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 Company has a fifty-two week low of $208.00 and a fifty-two week high of $292.36. The stock has a market cap of $2.98 billion, a P/E ratio of 34.68 and a beta of 0.15.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. WD-40 had a net margin of 14.13% and a return on equity of 31.23%. The business had revenue of $156.92 million during the quarter, compared to the consensus estimate of $160.60 million. During the same period in the prior year, the firm earned $1.46 EPS. WD-40's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict 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. Investors of record on Friday, July 18th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.7%. WD-40's payout ratio is 59.21%.

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.