Two Sigma Investments LP Has $7.18 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

Two Sigma Investments LP grew its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,597 shares of the specialty chemicals company's stock after acquiring an additional 9,402 shares during the period. Two Sigma Investments LP owned 0.22% of WD-40 worth $7,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new stake in WD-40 in the fourth quarter worth $27,000. SRS Capital Advisors Inc. grew its holdings in shares of WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock worth $47,000 after purchasing an additional 163 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in WD-40 during the fourth quarter worth $49,000. Anchor Investment Management LLC boosted its position in shares of WD-40 by 3,400.0% during the 4th quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company's stock valued at $85,000 after acquiring an additional 340 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of WD-40 by 23.1% in the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company's stock valued at $133,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 91.52% of the company's stock.

Wall Street Analyst Weigh In

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

WD-40 Trading Up 1.0%

WDFC traded up $2.33 during mid-day trading on Thursday, reaching $241.52. The stock had a trading volume of 299,975 shares, compared to its average volume of 102,290. The firm's fifty day simple moving average is $233.02 and its two-hundred day simple moving average is $243.41. The stock has a market capitalization of $3.27 billion, a P/E ratio of 46.31 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 company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.27 by $0.05. The company had revenue of $146.10 million during the quarter, compared to analysts' expectations of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. WD-40's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 EPS. On average, equities analysts predict that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were paid a $0.94 dividend. The ex-dividend date was Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.56%. WD-40's dividend payout ratio (DPR) is presently 59.97%.

Insider Buying and Selling at WD-40

In related news, CFO Sara Kathleen Hyzer bought 256 shares of the company's stock in a transaction on Friday, April 11th. The shares were purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the acquisition, the chief financial officer now owns 4,072 shares of the company's stock, valued at approximately $907,363.76. This represents a 6.71% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company's stock.

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.