Dividend Assets Capital LLC Has $4.89 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

Dividend Assets Capital LLC boosted its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 43.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 20,056 shares of the specialty chemicals company's stock after acquiring an additional 6,060 shares during the period. Dividend Assets Capital LLC owned 0.15% of WD-40 worth $4,894,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of WD-40 during the fourth quarter worth $54,571,000. GAMMA Investing LLC boosted its position in shares of WD-40 by 28,448.0% during the first quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company's stock worth $27,863,000 after purchasing an additional 113,792 shares in the last quarter. Millennium Management LLC boosted its position in shares of WD-40 by 206.9% during the fourth quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock worth $38,381,000 after purchasing an additional 106,617 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of WD-40 during the fourth quarter worth $17,903,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of WD-40 during the fourth quarter worth $10,179,000. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Stock Down 1.8%

WDFC traded down $4.36 during trading on Friday, hitting $241.51. The company had a trading volume of 173,881 shares, compared to its average volume of 112,578. The company has a market capitalization of $3.27 billion, a PE ratio of 46.27 and a beta of 0.17. WD-40 has a one year low of $208.00 and a one year high of $292.36. The firm's 50-day moving average price is $233.43 and its 200 day moving average price is $240.47. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

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

WD-40 Announces Dividend

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

Insiders Place Their Bets

In other WD-40 news, CFO Sara Kathleen Hyzer purchased 256 shares of the business's stock in a transaction on Friday, April 11th. The shares were purchased at an average cost of $222.83 per share, with a total value of $57,044.48. Following the transaction, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at $907,363.76. This represents a 6.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.