UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,636 shares of the specialty chemicals company's stock after acquiring an additional 3,425 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of WD-40 worth $9,619,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WDFC. D.A. Davidson & CO. increased its stake in WD-40 by 6.3% in the fourth quarter. D.A. Davidson & CO. now owns 845 shares of the specialty chemicals company's stock valued at $205,000 after purchasing an additional 50 shares in the last quarter. HighTower Advisors LLC increased its position in WD-40 by 0.9% during the fourth quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company's stock worth $1,625,000 after acquiring an additional 57 shares during the period. Truist Financial Corp increased its position in WD-40 by 2.4% during the fourth quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company's stock worth $646,000 after acquiring an additional 62 shares during the period. Price T Rowe Associates Inc. MD grew its stake in WD-40 by 0.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,111 shares of the specialty chemicals company's stock worth $2,454,000 after buying an additional 68 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in WD-40 by 5.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,425 shares of the specialty chemicals company's stock worth $346,000 after buying an additional 70 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at WD-40
In other WD-40 news, CFO Sara Kathleen Hyzer acquired 256 shares of the stock in a transaction dated Friday, April 11th. The stock was acquired at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the transaction, the chief financial officer now directly owns 4,072 shares in the company, valued at approximately $907,363.76. This trade represents a 6.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.75% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Separately, DA Davidson upgraded shares of WD-40 to a "strong-buy" rating in a research report on Monday, April 14th.
Read Our Latest Analysis on WD-40
WD-40 Trading Up 0.5%
NASDAQ:WDFC traded up $1.15 during trading hours on Wednesday, hitting $245.83. The company had a trading volume of 230,509 shares, compared to its average volume of 107,529. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The company has a market capitalization of $3.33 billion, a PE ratio of 47.09 and a beta of 0.17. The stock has a 50-day moving average price of $233.55 and a 200 day moving average price of $242.00. WD-40 has a 52 week low of $208.00 and a 52 week high of $292.36.
WD-40 (NASDAQ:WDFC - Get Free Report) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (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 analyst estimates of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. On average, equities research analysts predict that WD-40 will post 5.42 EPS for the current fiscal year.
WD-40 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, April 17th. WD-40's payout ratio is 59.97%.
WD-40 Profile
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Free Report)
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.
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