WD-40 Company (NASDAQ:WDFC) Stock Holdings Decreased by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. reduced its stake in WD-40 Company by 34.4%, selling 4,450 shares in the first quarter, leaving them with a total of 8,493 shares valued at $2,072,000.
• WD-40 Company reported earnings per share of $1.54 for the last quarter, beating expectations, though revenue fell short of estimates at $156.92 million compared to an expected $160.60 million.
• The company announced a quarterly dividend of $0.94 per share, with a current dividend yield of 1.7% and a payout ratio of 59.21%.

Federated Hermes Inc. decreased its stake in WD-40 Company (NASDAQ:WDFC - Free Report) by 34.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,493 shares of the specialty chemicals company's stock after selling 4,450 shares during the period. Federated Hermes Inc. owned 0.06% of WD-40 worth $2,072,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in WD-40 in the fourth quarter valued at $25,000. TD Waterhouse Canada Inc. acquired a new stake in shares of WD-40 in the 4th quarter worth about $27,000. Versant Capital Management Inc lifted its position in WD-40 by 96.1% in the 1st quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Golden State Wealth Management LLC lifted its position in WD-40 by 210.6% in the 1st quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock valued at $36,000 after purchasing an additional 99 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in WD-40 by 82.6% during the 1st quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock valued at $38,000 after purchasing an additional 71 shares during the period. Institutional investors own 91.52% of the company's stock.

WD-40 Stock Performance

WDFC stock traded down $0.96 during trading on Friday, reaching $219.48. 66,097 shares of the company's stock were exchanged, compared to its average volume of 183,066. WD-40 Company has a 1-year low of $208.00 and a 1-year high of $292.36. The firm has a market cap of $2.97 billion, a PE ratio of 34.56 and a beta of 0.15. The company's fifty day moving average price is $229.65 and its 200-day moving average price is $233.02. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, beating 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 firm had revenue of $156.92 million for the quarter, compared to analysts' expectations of $160.60 million. During the same quarter last year, the company earned $1.46 EPS. WD-40's quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts expect 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 was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, July 18th. WD-40's dividend payout ratio is 59.21%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price target 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.

WD-40 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.