WD-40 (NASDAQ:WDFC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in WD-40 (NASDAQ:WDFC - Free Report) by 37.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,137 shares of the specialty chemicals company's stock after selling 7,341 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of WD-40 worth $2,902,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new position in WD-40 in the 4th quarter worth about $510,000. Profit Investment Management LLC acquired a new position in WD-40 in the 4th quarter worth about $2,892,000. Aviva PLC acquired a new position in shares of WD-40 during the third quarter valued at approximately $586,000. Envestnet Asset Management Inc. raised its holdings in shares of WD-40 by 48.5% during the third quarter. Envestnet Asset Management Inc. now owns 55,725 shares of the specialty chemicals company's stock valued at $11,325,000 after acquiring an additional 18,205 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of WD-40 by 10.1% during the third quarter. Invesco Ltd. now owns 59,841 shares of the specialty chemicals company's stock valued at $12,162,000 after acquiring an additional 5,481 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a "buy" rating and set a $313.00 target price on shares of WD-40 in a report on Wednesday, April 10th.

Insider Activity

In related news, CEO Steven A. Brass purchased 432 shares of the company's stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $232.22 per share, for a total transaction of $100,319.04. Following the completion of the transaction, the chief executive officer now directly owns 20,547 shares of the company's stock, valued at $4,771,424.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other WD-40 news, CFO Sara Kathleen Hyzer acquired 213 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of $232.83 per share, for a total transaction of $49,592.79. Following the completion of the transaction, the chief financial officer now owns 2,676 shares of the company's stock, valued at approximately $623,053.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven A. Brass acquired 432 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of $232.22 per share, with a total value of $100,319.04. Following the completion of the transaction, the chief executive officer now directly owns 20,547 shares of the company's stock, valued at approximately $4,771,424.34. The disclosure for this purchase can be found here. Insiders purchased 973 shares of company stock worth $226,910 over the last ninety days. Corporate insiders own 0.65% of the company's stock.

WD-40 Price Performance

Shares of WD-40 stock traded down $1.87 during mid-day trading on Thursday, reaching $231.10. 48,472 shares of the stock traded hands, compared to its average volume of 120,878. The business has a 50-day moving average of $239.67 and a 200 day moving average of $245.80. WD-40 has a fifty-two week low of $182.53 and a fifty-two week high of $278.78. The stock has a market capitalization of $3.13 billion, a PE ratio of 46.13 and a beta of -0.02. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.01. The business had revenue of $139.10 million during the quarter, compared to analysts' expectations of $140.51 million. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The business's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 earnings per share. On average, analysts predict that WD-40 will post 5.22 EPS for the current year.

WD-40 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. WD-40's dividend payout ratio (DPR) is presently 70.26%.

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.