WD-40 Company (NASDAQ:WDFC) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has reduced its stakes in WD-40 Company by 2.3%, now holding 81,065 shares worth approximately $19.78 million.
• WD-40 reported earnings of $1.54 per share for the last quarter, surpassing analysts' expectations of $1.40, and experienced a 1.2% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.94, resulting in an annual yield of 1.7% with a payout ratio of 59.21%.

Natixis Advisors LLC cut its stake in WD-40 Company (NASDAQ:WDFC - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,065 shares of the specialty chemicals company's stock after selling 1,883 shares during the period. Natixis Advisors LLC owned about 0.60% of WD-40 worth $19,780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WDFC. Ameriflex Group Inc. acquired a new position in WD-40 during the 4th quarter worth approximately $25,000. TD Waterhouse Canada Inc. purchased a new stake in WD-40 in the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC lifted its stake in WD-40 by 210.6% in the 1st quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock valued at $36,000 after buying an additional 99 shares in the last quarter. Versant Capital Management Inc lifted its stake in WD-40 by 96.1% in the 1st quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock valued at $36,000 after buying an additional 73 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in WD-40 by 420.0% in the 1st quarter. Farther Finance Advisors LLC now owns 156 shares of the specialty chemicals company's stock valued at $38,000 after buying an additional 126 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Stock Up 1.1%

NASDAQ WDFC traded up $2.40 during trading hours on Tuesday, hitting $217.07. The company had a trading volume of 136,454 shares, compared to its average volume of 200,174. WD-40 Company has a fifty-two week low of $208.00 and a fifty-two week high of $292.36. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 34.18 and a beta of 0.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02. The firm's 50 day moving average is $230.95 and its 200 day moving average is $233.29.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, beating 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 firm 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 firm earned $1.46 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were given 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%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their target price on WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock in a research note 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.