WD-40 Company (NASDAQ:WDFC) Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in WD-40 Company by 27.2%, acquiring an additional 9,189 shares, bringing its total holdings to 42,981 shares valued at approximately $10.5 million.
• WD-40 reported its recent quarterly earnings with an EPS of $1.54, surpassing analysts' expectations, despite a slight revenue shortfall compared to forecasts.
• The company declared a quarterly dividend of $0.94 per share, reflecting an annualized dividend yield of 1.7% and a payout ratio of 59.21%.

Public Sector Pension Investment Board increased its position in WD-40 Company (NASDAQ:WDFC - Free Report) by 27.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,981 shares of the specialty chemicals company's stock after buying an additional 9,189 shares during the period. Public Sector Pension Investment Board owned about 0.32% of WD-40 worth $10,487,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. increased its position in shares of WD-40 by 4.8% in the first quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company's stock worth $256,000 after acquiring an additional 48 shares in the last quarter. KBC Group NV increased its position in shares of WD-40 by 8.9% in the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after acquiring an additional 49 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of WD-40 by 5.9% in the first quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company's stock worth $218,000 after acquiring an additional 50 shares in the last quarter. Xponance Inc. grew its holdings in WD-40 by 5.4% during the 1st quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company's stock valued at $253,000 after purchasing an additional 53 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in WD-40 by 3.9% during the 1st quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company's stock valued at $362,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

Analysts Set New Price Targets

Separately, DA Davidson lowered their price target on shares of WD-40 from $322.00 to $300.00 and set a "buy" rating for the company in a report on Friday, July 11th.

WD-40 Stock Down 1.2%

NASDAQ WDFC traded down $2.68 during trading hours on Friday, reaching $219.98. 88,019 shares of the company traded hands, compared to its average volume of 151,173. WD-40 Company has a 12 month low of $208.00 and a 12 month high of $292.36. The company has a 50 day moving average of $227.39 and a two-hundred day moving average of $232.60. 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 stock has a market capitalization of $2.98 billion, a PE ratio of 34.64 and a beta of 0.15.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly 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 business had revenue of $156.92 million during the quarter, compared to analyst estimates of $160.60 million. During the same period in the previous year, the business posted $1.46 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts expect that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement

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

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.