Voloridge Investment Management LLC Sells 2,145 Shares of WD-40 (NASDAQ:WDFC)

Voloridge Investment Management LLC reduced its position in WD-40 (NASDAQ:WDFC - Free Report) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,146 shares of the specialty chemicals company's stock after selling 2,145 shares during the quarter. Voloridge Investment Management LLC owned about 0.21% of WD-40 worth $6,830,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its holdings in WD-40 by 309.7% in the 3rd quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company's stock valued at $9,566,000 after purchasing an additional 28,039 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of WD-40 by 19.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,757 shares of the specialty chemicals company's stock valued at $669,000 after buying an additional 450 shares in the last quarter. Inspire Investing LLC raised its position in shares of WD-40 by 3.8% during the 4th quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company's stock worth $402,000 after purchasing an additional 61 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of WD-40 by 2.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,120 shares of the specialty chemicals company's stock worth $757,000 after purchasing an additional 86 shares during the last quarter. Finally, Blue Trust Inc. increased its position in WD-40 by 39.9% during the 4th quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company's stock worth $142,000 after purchasing an additional 157 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WD-40

In related news, CFO Sara Kathleen Hyzer purchased 256 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the completion of the acquisition, the chief financial officer now owns 4,072 shares of the company's stock, valued at $907,363.76. This represents a 6.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is currently owned by insiders.

WD-40 Stock Up 1.8%

NASDAQ WDFC traded up $4.23 during trading on Friday, reaching $245.34. 75,501 shares of the company's stock were exchanged, compared to its average volume of 102,529. The firm has a market capitalization of $3.32 billion, a PE ratio of 46.96 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 fifty-two week low of $208.00 and a fifty-two week high of $292.36. The company's fifty day simple moving average is $233.12 and its 200-day simple moving average is $243.10.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly 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. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. During the same period last year, the business posted $1.14 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts predict that WD-40 will post 5.42 EPS for the current year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were given a dividend of $0.94 per share. The ex-dividend date was Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.53%. WD-40's dividend payout ratio (DPR) is presently 59.97%.

Analyst Upgrades and Downgrades

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

WD-40 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.