Tudor Investment Corp ET AL lifted its position in shares of WD-40 (NASDAQ:WDFC - Free Report) by 91.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,072 shares of the specialty chemicals company's stock after buying an additional 12,960 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.20% of WD-40 worth $6,570,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of WDFC. TD Waterhouse Canada Inc. acquired a new position in WD-40 in the 4th quarter valued at $27,000. SRS Capital Advisors Inc. grew its position in shares of WD-40 by 525.8% in the fourth 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. Marshall & Sterling Wealth Advisors Inc. acquired a new position in WD-40 in the fourth quarter valued at $49,000. Anchor Investment Management LLC lifted its position in WD-40 by 3,400.0% during the fourth quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company's stock worth $85,000 after buying an additional 340 shares during the period. Finally, GAMMA Investing LLC boosted its stake in WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock worth $97,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.
WD-40 Trading Up 1.9 %
Shares of WDFC traded up $4.30 during mid-day trading on Friday, reaching $231.64. The company had a trading volume of 74,438 shares, compared to its average volume of 100,943. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 44.38 and a beta of 0.03. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $233.30 and a 200-day simple moving average of $246.67. WD-40 has a fifty-two week low of $208.00 and a fifty-two week high of $292.36.
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, beating analysts' consensus estimates of $1.27 by $0.05. The firm had revenue of $146.10 million during the quarter, compared to the consensus estimate of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. On average, sell-side analysts anticipate that WD-40 will post 5.42 EPS for the current fiscal year.
WD-40 Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a yield of 1.62%. WD-40's dividend payout ratio (DPR) is 59.97%.
Insiders Place Their Bets
In other WD-40 news, CFO Sara Kathleen Hyzer bought 256 shares of WD-40 stock in a transaction that occurred on Friday, April 11th. The shares were acquired at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Separately, DA Davidson raised shares of WD-40 to a "strong-buy" rating in a research note on Monday, April 14th.
Check Out Our Latest Stock Analysis on WDFC
About WD-40
(
Free Report)
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.
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