ProShare Advisors LLC Has $7.81 Million Stock Position in WD-40 (NASDAQ:WDFC)

ProShare Advisors LLC decreased its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 45.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,188 shares of the specialty chemicals company's stock after selling 26,738 shares during the quarter. ProShare Advisors LLC owned approximately 0.24% of WD-40 worth $7,811,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WDFC. Norges Bank bought a new stake in WD-40 in the fourth quarter worth $54,571,000. Millennium Management LLC boosted its stake 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 worth $38,381,000 after acquiring an additional 106,617 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of WD-40 during the 4th quarter valued at about $17,903,000. Balyasny Asset Management L.P. acquired a new position in shares of WD-40 during the 4th quarter valued at about $10,179,000. Finally, Marshall Wace LLP raised 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 valued at $25,343,000 after acquiring an additional 37,247 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at WD-40

In other news, CFO Sara Kathleen Hyzer acquired 256 shares of WD-40 stock in a transaction on Friday, April 11th. The stock was bought at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the transaction, the chief financial officer now owns 4,072 shares of the company's stock, valued at $907,363.76. The trade was a 6.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.75% of the company's stock.

WD-40 Stock Performance

WDFC traded down $3.63 during trading on Wednesday, hitting $243.00. The stock had a trading volume of 50,646 shares, compared to its average volume of 101,014. The firm has a market cap of $3.29 billion, a PE ratio of 46.55 and a beta of 0.17. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. WD-40 has a 12 month low of $208.00 and a 12 month high of $292.36. The company has a 50 day simple moving average of $232.72 and a 200-day simple moving average of $244.51.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The business had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. During the same period in the previous year, the company posted $1.14 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The business 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 1.55%. The ex-dividend date was Thursday, April 17th. WD-40's payout ratio is currently 59.97%.

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.