WD-40 Company (NASDAQ:WDFC) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company lessened its stake in WD-40 Company (NASDAQ:WDFC - Free Report) by 36.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,133 shares of the specialty chemicals company's stock after selling 1,775 shares during the period. L.M. Kohn & Company's holdings in WD-40 were worth $764,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WDFC. D.A. Davidson & CO. lifted 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 valued at $205,000 after buying an additional 50 shares in the last quarter. HighTower Advisors LLC lifted 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 valued at $1,625,000 after buying an additional 57 shares in the last quarter. Truist Financial Corp lifted 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 valued at $646,000 after buying an additional 62 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 valued at $2,454,000 after buying an additional 68 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of WD-40 by 17.0% during the 1st quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company's stock valued at $114,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

Insiders Place Their Bets

In related news, CFO Sara Kathleen Hyzer acquired 256 shares of the stock in a transaction dated Friday, April 11th. The stock was acquired 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 owns 4,072 shares in the company, valued at $907,363.76. This represents a 6.71% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

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

WD-40 Trading Up 0.9%

Shares of NASDAQ:WDFC traded up $2.12 during midday trading on Monday, reaching $236.96. 155,880 shares of the company's stock were exchanged, compared to its average volume of 116,189. The firm's 50 day simple moving average is $236.44 and its two-hundred day simple moving average is $238.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.40 and a quick ratio of 1.69. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 37.79 and a beta of 0.17. WD-40 Company has a fifty-two week low of $208.00 and a fifty-two week high of $292.36.

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

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a yield of 1.59%. 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.