WD-40 Company (NASDAQ:WDFC) Stock Holdings Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 146.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,693 shares of the specialty chemicals company's stock after purchasing an additional 4,573 shares during the quarter. Exchange Traded Concepts LLC owned about 0.06% of WD-40 worth $1,877,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of WD-40 in the fourth quarter worth about $54,571,000. GAMMA Investing LLC boosted its position in WD-40 by 28,448.0% in the 1st quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company's stock valued at $27,863,000 after buying an additional 113,792 shares during the last quarter. Millennium Management LLC boosted its position in WD-40 by 206.9% in the 4th 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 during the last quarter. Raymond James Financial Inc. purchased a new position in WD-40 in the 4th quarter valued at about $17,903,000. Finally, Balyasny Asset Management L.P. purchased a new position in WD-40 in the 4th quarter valued at about $10,179,000. Hedge funds and other institutional investors own 91.52% of the company's stock.

Wall Street Analysts Forecast Growth

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

WD-40 Stock Down 3.6%

NASDAQ WDFC traded down $8.68 during trading hours on Friday, reaching $234.84. 450,638 shares of the company traded hands, compared to its average volume of 116,030. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.35. WD-40 Company has a 12 month low of $208.00 and a 12 month high of $292.36. The company has a 50 day moving average of $236.17 and a two-hundred day moving average of $238.81. The stock has a market capitalization of $3.18 billion, a PE ratio of 37.45 and a beta of 0.17.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. WD-40 had a return on equity of 31.55% and a net margin of 13.99%. The company had revenue of $146.10 million for the quarter, compared to the consensus estimate of $154.40 million. During the same quarter last year, the business posted $1.14 EPS. WD-40's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be given a $0.94 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.60%. WD-40's payout ratio is currently 59.97%.

Insider Transactions at WD-40

In other 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 purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the transaction, the chief financial officer now directly owns 4,072 shares in the company, valued at $907,363.76. This trade represents a 6.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company's stock.

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.