Walleye Capital LLC Sells 10,167 Shares of WD-40 (NASDAQ:WDFC)

Walleye Capital LLC reduced its stake in WD-40 (NASDAQ:WDFC - Free Report) by 67.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,907 shares of the specialty chemicals company's stock after selling 10,167 shares during the period. Walleye Capital LLC's holdings in WD-40 were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mariner LLC grew its position in shares of WD-40 by 3.2% during the 4th quarter. Mariner LLC now owns 7,850 shares of the specialty chemicals company's stock worth $1,905,000 after buying an additional 240 shares during the period. Summit Investment Advisors Inc. lifted its stake in WD-40 by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,425 shares of the specialty chemicals company's stock valued at $346,000 after buying an additional 70 shares during the period. Raymond James Financial Inc. acquired a new position in shares of WD-40 during the 4th quarter worth about $17,903,000. Renaissance Technologies LLC raised its position in shares of WD-40 by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 227,661 shares of the specialty chemicals company's stock valued at $55,249,000 after acquiring an additional 2,300 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of WD-40 by 9.5% in the 4th quarter. Invesco Ltd. now owns 73,061 shares of the specialty chemicals company's stock valued at $17,730,000 after buying an additional 6,330 shares during the period. Institutional investors own 91.52% of the company's stock.

Insider Buying and Selling

In other WD-40 news, CFO Sara Kathleen Hyzer acquired 256 shares of the stock in a transaction on Friday, April 11th. The shares were purchased 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 in the company, valued at approximately $907,363.76. This represents a 6.71 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by insiders.

Analysts Set New Price Targets

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

WD-40 Price Performance

Shares of WD-40 stock traded down $4.37 on Friday, reaching $220.24. 18,298 shares of the stock were exchanged, compared to its average volume of 100,747. WD-40 has a one year low of $208.00 and a one year high of $292.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The firm's 50 day moving average is $233.96 and its 200-day moving average is $247.95. The firm has a market cap of $2.98 billion, a PE ratio of 42.19 and a beta of 0.03.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.05. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company had revenue of $146.10 million for the quarter, compared to analysts' expectations of $154.40 million. During the same period in the previous year, the business posted $1.14 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, 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 will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, April 17th. WD-40's dividend payout ratio (DPR) is presently 59.97%.

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.