Two Sigma Advisers LP Purchases 2,800 Shares of WD-40 (NASDAQ:WDFC)

Two Sigma Advisers LP raised its position in WD-40 (NASDAQ:WDFC - Free Report) by 133.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,900 shares of the specialty chemicals company's stock after acquiring an additional 2,800 shares during the period. Two Sigma Advisers LP's holdings in WD-40 were worth $1,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of WD-40 by 209.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,672 shares of the specialty chemicals company's stock worth $401,000 after acquiring an additional 1,132 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in WD-40 by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company's stock worth $36,537,000 after purchasing an additional 5,095 shares in the last quarter. Invesco Ltd. lifted its holdings in WD-40 by 9.5% during the 4th quarter. Invesco Ltd. now owns 73,061 shares of the specialty chemicals company's stock worth $17,730,000 after buying an additional 6,330 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in WD-40 during the 4th quarter worth about $17,903,000. Finally, Vanguard Group Inc. grew its stake in shares of WD-40 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 1,627,684 shares of the specialty chemicals company's stock worth $395,006,000 after purchasing an additional 16,763 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at WD-40

In other WD-40 news, CFO Sara Kathleen Hyzer bought 256 shares of the business's stock in a transaction on Friday, April 11th. The shares were bought at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the transaction, the chief financial officer now owns 4,072 shares in the company, valued at approximately $907,363.76. This trade represents a 6.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by corporate insiders.

WD-40 Stock Performance

NASDAQ:WDFC traded up $1.15 during trading hours on Wednesday, reaching $245.83. 230,509 shares of the stock were exchanged, compared to its average volume of 107,529. The stock has a market capitalization of $3.33 billion, a P/E ratio of 47.09 and a beta of 0.17. WD-40 has a 52 week low of $208.00 and a 52 week high of $292.36. The firm has a 50 day simple moving average of $233.55 and a 200-day simple moving average of $242.00. 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 issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.05. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. During the same period last year, the company posted $1.14 EPS. The firm's quarterly revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, April 17th. WD-40's dividend payout ratio is currently 59.97%.

Wall Street Analyst Weigh In

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

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.