WD-40 (NASDAQ:WDFC) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its position in WD-40 (NASDAQ:WDFC) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 7,324 shares of the specialty chemicals company’s stock after selling 60 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in WD-40 were worth $1,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WDFC. Creative Planning boosted its holdings in WD-40 by 17.7% in the 3rd quarter. Creative Planning now owns 3,053 shares of the specialty chemicals company’s stock valued at $787,000 after purchasing an additional 459 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of WD-40 by 9.8% in the 3rd quarter. Private Advisor Group LLC now owns 1,542 shares of the specialty chemicals company’s stock valued at $398,000 after buying an additional 138 shares during the period. PineStone Asset Management Inc. boosted its stake in shares of WD-40 by 4.4% in the third quarter. PineStone Asset Management Inc. now owns 40,700 shares of the specialty chemicals company’s stock valued at $10,496,000 after buying an additional 1,700 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in WD-40 by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company’s stock worth $82,975,000 after acquiring an additional 5,381 shares during the period. Finally, Pittenger & Anderson Inc. raised its position in WD-40 by 10.3% in the third quarter. Pittenger & Anderson Inc. now owns 4,060 shares of the specialty chemicals company’s stock worth $1,047,000 after acquiring an additional 380 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “buy” rating and issued a $322.00 target price on shares of WD-40 in a report on Monday, January 27th.

WD-40 Trading Up 0.7 %

Shares of WDFC opened at $238.62 on Friday. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. 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 market capitalization of $3.23 billion, a P/E ratio of 45.71 and a beta of -0.05. The firm’s 50-day moving average is $236.12 and its two-hundred day moving average is $254.33.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The business had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, research analysts predict that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from WD-40’s previous quarterly dividend of $0.88. WD-40’s payout ratio is 72.03%.

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 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.