US Bancorp DE Boosts Holdings in WD-40 Company (NASDAQ:WDFC)

US Bancorp DE grew its position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 200.0% during the first quarter, according to its most recent filing with the SEC. The firm 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.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its position in shares of WD-40 by 206.9% during the fourth quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock valued at $38,381,000 after buying an additional 106,617 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of WD-40 by 28,448.0% during the first quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company's stock valued at $27,863,000 after buying an additional 113,792 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of WD-40 by 55.4% in the 4th quarter. Marshall Wace LLP now owns 104,431 shares of the specialty chemicals company's stock worth $25,343,000 after buying an additional 37,247 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of WD-40 in the fourth quarter worth approximately $17,903,000. Finally, Invesco Ltd. boosted its stake in shares of 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 acquiring an additional 6,330 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

WD-40 Trading Up 1.1%

WDFC stock traded up $2.47 during midday trading on Tuesday, reaching $220.35. The company's stock had a trading volume of 87,901 shares, compared to its average volume of 162,959. The stock has a fifty day simple moving average of $228.71 and a two-hundred day simple moving average of $232.85. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 34.70 and a beta of 0.15. WD-40 Company has a 1 year low of $208.00 and a 1 year high of $292.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.02 and a current ratio of 2.84.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. WD-40 had a net margin of 14.13% and a return on equity of 31.23%. The firm had revenue of $156.92 million for the quarter, compared to the consensus estimate of $160.60 million. During the same quarter in the previous year, the firm earned $1.46 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Announces Dividend

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

Analyst Ratings Changes

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

WD-40 Company 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.