Prudential Financial Inc. Reduces Holdings in WD-40 (NASDAQ:WDFC)

Prudential Financial Inc. cut its position in shares of WD-40 (NASDAQ:WDFC - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,195 shares of the specialty chemicals company's stock after selling 1,167 shares during the quarter. Prudential Financial Inc. owned approximately 0.10% of WD-40 worth $3,445,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WDFC. Coldstream Capital Management Inc. grew its position in WD-40 by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company's stock valued at $321,000 after acquiring an additional 40 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of WD-40 by 6.3% in the 4th 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 boosted its stake in shares of WD-40 by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company's stock valued at $1,625,000 after purchasing an additional 57 shares in the last quarter. Inspire Investing LLC grew its holdings 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 valued at $402,000 after purchasing an additional 61 shares during the last quarter. Finally, Truist Financial Corp raised its position in WD-40 by 2.4% in the 4th quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company's stock worth $646,000 after purchasing an additional 62 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

WD-40 Trading Down 1.5 %

WD-40 stock traded down $3.84 during trading hours on Friday, reaching $245.09. The company had a trading volume of 214,149 shares, compared to its average volume of 100,723. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. The company has a 50-day moving average price of $237.89 and a 200 day moving average price of $251.65. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 46.95 and a beta of 0.03.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The company had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. Equities analysts forecast that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.53%. WD-40's dividend payout ratio is currently 72.03%.

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.