US Bancorp DE Purchases 2,206 Shares of WD-40 Company (NASDAQ:WDFC)

US Bancorp DE raised its stake in WD-40 Company (NASDAQ:WDFC - Free Report) by 200.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,309 shares of the specialty chemicals company's stock after acquiring an additional 2,206 shares during the period. US Bancorp DE's holdings in WD-40 were worth $807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDFC. Ameriflex Group Inc. acquired a new position in WD-40 in the 4th quarter valued at $25,000. TD Waterhouse Canada Inc. acquired a new position in shares of WD-40 during the 4th quarter worth $27,000. Versant Capital Management Inc lifted its position in shares of WD-40 by 96.1% during the 1st quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock worth $36,000 after buying an additional 73 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of WD-40 by 210.6% during the 1st quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock worth $36,000 after buying an additional 99 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of WD-40 by 82.6% during the 1st quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $38,000 after buying an additional 71 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Price Performance

Shares of WDFC stock traded down $1.33 on Friday, hitting $221.34. 11,083 shares of the company's stock were exchanged, compared to its average volume of 148,072. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02. WD-40 Company has a 12 month low of $208.00 and a 12 month high of $292.36. The stock has a market cap of $2.99 billion, a P/E ratio of 34.86 and a beta of 0.15. The company has a 50 day moving average of $227.90 and a 200 day moving average of $232.71.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share 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 the consensus estimate of $160.60 million. During the same period in the prior year, the company earned $1.46 EPS. WD-40's revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts predict that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 18th. WD-40's dividend payout ratio is presently 59.21%.

Analysts Set New Price Targets

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

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.