WD-40 Company (NASDAQ:WDFC) Position Trimmed 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 decreased its position in WD-40 Company (NASDAQ:WDFC - Free Report) by 2.3% during the first quarter, according to 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 quarter. Natixis Advisors LLC owned approximately 0.60% of WD-40 worth $19,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in 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. Millennium Management LLC increased its position in shares of WD-40 by 206.9% during the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock valued at $38,381,000 after purchasing an additional 106,617 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of WD-40 during the 4th quarter worth $17,903,000. GCQ FUNDS MANAGEMENT PTY Ltd raised its stake in shares of WD-40 by 245.0% in the first quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 64,423 shares of the specialty chemicals company's stock worth $15,719,000 after buying an additional 45,747 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of WD-40 during the fourth quarter worth about $10,179,000. Institutional investors own 91.52% of the company's stock.

WD-40 Price Performance

Shares of WD-40 stock traded up $1.07 during trading hours on Thursday, reaching $220.44. The stock had a trading volume of 86,653 shares, compared to its average volume of 150,801. 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's 50 day moving average is $230.55 and its 200 day moving average is $233.19. The firm has a market capitalization of $2.98 billion, a PE ratio of 34.72 and a beta of 0.15. WD-40 Company has a twelve month low of $208.00 and a twelve month high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. The business had revenue of $156.92 million during the quarter, compared to analysts' expectations of $160.60 million. WD-40 had a return on equity of 31.23% and a net margin of 14.13%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. Equities analysts expect that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend 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 decreased their target price on shares of WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock 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.