WD-40 Company $WDFC Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. significantly increased its stake in WD-40 Company by purchasing 89,120 shares, bringing its total holdings to 162,181 shares worth approximately $39.57 million.
• WD-40 reported a quarterly EPS of $1.54, surpassing the consensus estimate of $1.40, despite revenue falling short of expectations at $156.92 million.
• The company declared a quarterly dividend of $0.94, translating to an annualized dividend yield of 1.7% with a payout ratio of 59.21%.

Invesco Ltd. boosted its position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 122.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,181 shares of the specialty chemicals company's stock after purchasing an additional 89,120 shares during the quarter. Invesco Ltd. owned about 1.20% of WD-40 worth $39,572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Geneva Capital Management LLC increased its holdings in WD-40 by 18.7% during the 1st quarter. Geneva Capital Management LLC now owns 248,197 shares of the specialty chemicals company's stock worth $60,560,000 after purchasing an additional 39,137 shares during the period. Millennium Management LLC increased its holdings in WD-40 by 206.9% during the 4th 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 during the period. GAMMA Investing LLC increased its holdings in WD-40 by 28,448.0% during the 1st 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 during the period. Raymond James Financial Inc. bought a new stake in WD-40 during the 4th quarter valued at $17,903,000. Finally, GCQ FUNDS MANAGEMENT PTY Ltd boosted its position in WD-40 by 245.0% during the 1st quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 64,423 shares of the specialty chemicals company's stock valued at $15,719,000 after acquiring an additional 45,747 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Stock Up 1.1%

NASDAQ WDFC traded up $2.33 during midday trading on Friday, hitting $222.57. 87,714 shares of the company traded hands, compared to its average volume of 121,130. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02. The company has a market cap of $3.01 billion, a PE ratio of 35.05 and a beta of 0.15. WD-40 Company has a 52 week low of $208.00 and a 52 week high of $292.36. The company's 50-day simple moving average is $225.14 and its 200-day simple moving average is $232.05.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. The firm had revenue of $156.92 million during the quarter, compared to analysts' expectations of $160.60 million. WD-40 had a return on equity of 31.23% and a net margin of 14.13%.The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 EPS. As a group, equities research analysts forecast that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 18th were given a $0.94 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.7%. WD-40's dividend payout ratio (DPR) is presently 59.21%.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their target price on WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $290.00.

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.