Exchange Traded Concepts LLC Has $1.88 Million Holdings in WD-40 Company (NASDAQ:WDFC)

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

Several other institutional investors also recently modified their holdings of the business. D.A. Davidson & CO. grew its position in shares of WD-40 by 6.3% during the 4th quarter. D.A. Davidson & CO. now owns 845 shares of the specialty chemicals company's stock worth $205,000 after buying an additional 50 shares during the period. HighTower Advisors LLC grew its position in shares of WD-40 by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company's stock worth $1,625,000 after buying an additional 57 shares during the period. Truist Financial Corp grew its position in shares of WD-40 by 2.4% during the 4th quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company's stock worth $646,000 after buying an additional 62 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in WD-40 by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,111 shares of the specialty chemicals company's stock worth $2,454,000 after acquiring an additional 68 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in WD-40 by 17.0% during the 1st quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company's stock worth $114,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

Insider Buying and Selling at WD-40

In other news, CFO Sara Kathleen Hyzer acquired 256 shares of WD-40 stock in a transaction dated Friday, April 11th. The stock was bought at an average cost of $222.83 per share, with a total value of $57,044.48. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

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

WD-40 Trading Down 0.4%

WD-40 stock traded down $0.98 during midday trading on Thursday, hitting $243.52. 171,204 shares of the stock were exchanged, compared to its average volume of 114,701. The company has a fifty day simple moving average of $235.47 and a two-hundred day simple moving average of $239.56. WD-40 Company has a 52 week low of $208.00 and a 52 week high of $292.36. The stock has a market capitalization of $3.30 billion, a PE ratio of 38.84 and a beta of 0.17. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.35.

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

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, July 18th. WD-40's dividend payout ratio (DPR) is presently 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.