Dividend Assets Capital LLC Purchases 6,060 Shares of WD-40 (NASDAQ:WDFC)

Dividend Assets Capital LLC boosted its stake in WD-40 (NASDAQ:WDFC - Free Report) by 43.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 about 0.15% of WD-40 worth $4,894,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new position in WD-40 during the fourth quarter worth about $54,571,000. GAMMA Investing LLC raised its holdings in 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 increased its holdings in WD-40 by 206.9% in the fourth quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock valued at $38,381,000 after buying an additional 106,617 shares in the last quarter. Raymond James Financial Inc. purchased a new position in WD-40 in the fourth quarter valued at about $17,903,000. Finally, Balyasny Asset Management L.P. purchased a new position in WD-40 in the fourth quarter valued at about $10,179,000. 91.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Sara Kathleen Hyzer purchased 256 shares of the business's stock in a transaction dated Friday, April 11th. The shares were acquired at an average price 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 $907,363.76. The trade was a 6.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.75% of the company's stock.

WD-40 Stock Down 0.2%

WDFC stock traded down $0.38 during mid-day trading on Friday, hitting $245.50. 95,796 shares of the company were exchanged, compared to its average volume of 112,061. WD-40 has a twelve month low of $208.00 and a twelve month high of $292.36. The firm has a fifty day simple moving average of $233.43 and a 200 day simple moving average of $240.47. 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 company has a market capitalization of $3.33 billion, a PE ratio of 47.10 and a beta of 0.17.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results 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. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. During the same period in the previous year, the business posted $1.14 EPS. The company's quarterly revenue was up 5.0% on a year-over-year basis. On average, research 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. Investors of record on Friday, April 18th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Thursday, April 17th. WD-40's payout ratio is 59.97%.

Analysts Set New Price Targets

Separately, DA Davidson upgraded 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.