Landscape Capital Management L.L.C. Makes New $2.54 Million Investment in WD-40 (NASDAQ:WDFC)

Landscape Capital Management L.L.C. purchased a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,458 shares of the specialty chemicals company's stock, valued at approximately $2,538,000. Landscape Capital Management L.L.C. owned about 0.08% of WD-40 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SRS Capital Advisors Inc. boosted its holdings in WD-40 by 525.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after purchasing an additional 163 shares during the period. GAMMA Investing LLC grew its position in WD-40 by 23.1% during the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock worth $97,000 after buying an additional 75 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in WD-40 by 77.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company's stock valued at $122,000 after acquiring an additional 208 shares during the period. KBC Group NV raised its holdings in 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 acquiring an additional 103 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of WD-40 by 39.9% in the 4th quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company's stock worth $142,000 after acquiring an additional 157 shares during the period. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Price Performance

WDFC traded down $3.89 during midday trading on Wednesday, reaching $214.60. 44,429 shares of the company's stock were exchanged, compared to its average volume of 101,932. WD-40 has a one year low of $193.96 and a one year high of $292.36. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $237.28 and a two-hundred day simple moving average of $251.00. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 41.07 and a beta of 0.03.

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. 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 during the quarter, compared to analysts' expectations of $154.40 million. During the same quarter in the previous year, the company earned $1.14 EPS. WD-40's revenue was up 5.0% on a year-over-year basis. As a group, research analysts predict that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be given a $0.94 dividend. The ex-dividend date is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.75%. WD-40's dividend payout ratio is 72.03%.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a "buy" rating and issued a $322.00 target price on shares of WD-40 in a research note on Monday, January 27th.

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.