Wellington Shields Capital Management LLC lessened its stake in shares of WD-40 (NASDAQ:WDFC) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,986 shares of the specialty chemicals company’s stock after selling 599 shares during the period. Wellington Shields Capital Management LLC’s holdings in WD-40 were worth $915,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp grew its stake in shares of WD-40 by 0.7% in the second quarter. Northern Trust Corp now owns 200,139 shares of the specialty chemicals company’s stock worth $31,831,000 after acquiring an additional 1,473 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of WD-40 by 1.5% in the third quarter. Commonwealth Equity Services LLC now owns 15,950 shares of the specialty chemicals company’s stock worth $2,927,000 after acquiring an additional 229 shares during the last quarter. Swiss National Bank grew its stake in shares of WD-40 by 2.0% in the second quarter. Swiss National Bank now owns 25,700 shares of the specialty chemicals company’s stock worth $4,087,000 after acquiring an additional 500 shares during the last quarter. Cim Investment Mangement Inc. acquired a new stake in shares of WD-40 in the second quarter worth $286,000. Finally, Comerica Bank grew its stake in shares of WD-40 by 18.5% in the third quarter. Comerica Bank now owns 22,658 shares of the specialty chemicals company’s stock worth $4,121,000 after acquiring an additional 3,533 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.
In other WD-40 news, Director Geoffrey Holdsworth sold 1,408 shares of WD-40 stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $182.28, for a total transaction of $256,650.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.09% of the stock is currently owned by company insiders.
WDFC has been the subject of several research reports. BidaskClub raised WD-40 from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. DA Davidson set a $209.00 target price on WD-40 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Zacks Investment Research cut WD-40 from a “buy” rating to a “sell” rating in a research report on Saturday, October 26th. Finally, ValuEngine raised WD-40 from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.
WDFC stock traded down $0.49 during midday trading on Monday, hitting $183.50. The stock had a trading volume of 5,021 shares, compared to its average volume of 103,062. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 45.65 and a beta of 0.22. The stock has a 50-day simple moving average of $183.71 and a 200 day simple moving average of $174.91. WD-40 has a 52 week low of $153.91 and a 52 week high of $189.42. The company has a current ratio of 1.98, a quick ratio of 1.44 and a debt-to-equity ratio of 0.41.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.64. The company had revenue of $106.74 million during the quarter, compared to analysts’ expectations of $106.30 million. WD-40 had a return on equity of 36.86% and a net margin of 13.21%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $1.54 earnings per share. On average, equities analysts forecast that WD-40 will post 4.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.33%. WD-40’s payout ratio is presently 60.70%.
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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.
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