4,100 Shares in WD-40 Company $WDFC Bought by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp acquired a new stake in WD-40 Company, purchasing 4,100 shares valued at approximately $1 million in the first quarter of the year.
• WD-40's recent quarterly earnings showed an EPS of $1.54, exceeding expectations and indicating a year-over-year revenue increase of 1.2%.
• The company announced a quarterly dividend of $0.94, with an annualized yield of 1.7% and a payout ratio of 59.21%.

OMERS ADMINISTRATION Corp bought a new position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,100 shares of the specialty chemicals company's stock, valued at approximately $1,000,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in WD-40 by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 568,302 shares of the specialty chemicals company's stock worth $138,666,000 after purchasing an additional 4,672 shares during the last quarter. Comerica Bank lifted its stake in WD-40 by 7.4% during the first quarter. Comerica Bank now owns 30,682 shares of the specialty chemicals company's stock worth $7,487,000 after purchasing an additional 2,124 shares during the last quarter. Jump Financial LLC lifted its stake in WD-40 by 111.4% during the first quarter. Jump Financial LLC now owns 15,013 shares of the specialty chemicals company's stock worth $3,663,000 after purchasing an additional 7,911 shares during the last quarter. AlphaQuest LLC lifted its stake in WD-40 by 52.3% during the first quarter. AlphaQuest LLC now owns 6,204 shares of the specialty chemicals company's stock worth $1,514,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in WD-40 by 242.2% during the first quarter. Hsbc Holdings PLC now owns 6,673 shares of the specialty chemicals company's stock worth $1,616,000 after purchasing an additional 4,723 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

WD-40 Stock Performance

Shares of WD-40 stock traded up $1.42 during trading hours on Friday, hitting $218.08. 69,030 shares of the company were exchanged, compared to its average volume of 84,386. WD-40 Company has a 1 year low of $208.00 and a 1 year high of $292.36. The company has a current ratio of 2.84, a quick ratio of 2.02 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $221.19 and a 200-day moving average of $230.94. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 34.34 and a beta of 0.13.

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

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 18th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, July 18th. WD-40's dividend payout ratio is 59.21%.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price target 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, WD-40 presently has a consensus rating of "Moderate Buy" and an average target price of $290.00.

About WD-40

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.