Millennium Management LLC Purchases 106,617 Shares of WD-40 (NASDAQ:WDFC)

Millennium Management LLC boosted its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 206.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,156 shares of the specialty chemicals company's stock after buying an additional 106,617 shares during the period. Millennium Management LLC owned approximately 1.17% of WD-40 worth $38,381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new position in WD-40 during the 4th quarter valued at approximately $27,000. SRS Capital Advisors Inc. increased its position in WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after buying an additional 163 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in WD-40 during the 4th quarter valued at approximately $49,000. Anchor Investment Management LLC increased its position in WD-40 by 3,400.0% during the 4th quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company's stock valued at $85,000 after buying an additional 340 shares in the last quarter. Finally, KBC Group NV increased its position in WD-40 by 23.1% during the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock valued at $133,000 after buying an additional 103 shares in the last quarter. Institutional investors own 91.52% of the company's stock.

WD-40 Stock Down 1.5%

Shares of WD-40 stock traded down $3.63 on Wednesday, reaching $243.00. The company's stock had a trading volume of 50,646 shares, compared to its average volume of 101,014. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 46.55 and a beta of 0.17. The firm's fifty day simple moving average is $232.63 and its two-hundred day simple moving average is $244.52. WD-40 has a 52 week low of $208.00 and a 52 week high of $292.36. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted 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. The business had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. Equities analysts anticipate that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, April 17th. WD-40's payout ratio is 59.97%.

Insiders Place Their Bets

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 stock was bought at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the acquisition, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at approximately $907,363.76. The trade was a 6.71% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.75% of the company's stock.

Analyst Ratings Changes

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

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.