317 Shares in WD-40 (NASDAQ:WDFC) Acquired by Hardy Reed LLC

Hardy Reed LLC acquired a new position in shares of WD-40 (NASDAQ:WDFCGet Rating) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 317 shares of the specialty chemicals company’s stock, valued at approximately $58,000.

Several other large investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of WD-40 by 5.0% during the 4th quarter. State Street Corp now owns 461,073 shares of the specialty chemicals company’s stock worth $112,797,000 after acquiring an additional 21,995 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of WD-40 by 1.5% during the 1st quarter. Conestoga Capital Advisors LLC now owns 310,695 shares of the specialty chemicals company’s stock worth $56,929,000 after acquiring an additional 4,588 shares in the last quarter. First Trust Advisors LP bought a new position in shares of WD-40 during the 4th quarter worth approximately $62,998,000. Geode Capital Management LLC raised its stake in shares of WD-40 by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 242,113 shares of the specialty chemicals company’s stock worth $59,230,000 after acquiring an additional 1,968 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in WD-40 by 90.3% during the 4th quarter. Principal Financial Group Inc. now owns 183,370 shares of the specialty chemicals company’s stock worth $44,860,000 after purchasing an additional 87,012 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

WDFC has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of WD-40 in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet downgraded shares of WD-40 from a “b-” rating to a “c+” rating in a research report on Friday, July 8th. DA Davidson raised shares of WD-40 from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Monday. Finally, BWS Financial initiated coverage on shares of WD-40 in a research report on Thursday, July 14th. They set a “sell” rating and a $88.00 target price on the stock.

WD-40 Stock Up 0.0 %

WDFC stock opened at $181.39 on Friday. The firm’s fifty day simple moving average is $186.09 and its 200-day simple moving average is $198.15. The company has a market capitalization of $2.47 billion, a P/E ratio of 40.95 and a beta of -0.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.51 and a quick ratio of 1.51. WD-40 has a 12 month low of $163.61 and a 12 month high of $255.31.

WD-40 (NASDAQ:WDFCGet Rating) last released its quarterly earnings data on Thursday, July 7th. The specialty chemicals company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.20). The business had revenue of $123.67 million during the quarter, compared to analysts’ expectations of $142.80 million. WD-40 had a net margin of 12.10% and a return on equity of 30.75%. The firm’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. As a group, equities research analysts forecast that WD-40 will post 5.08 earnings per share for the current year.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, July 14th. WD-40’s dividend payout ratio (DPR) is currently 70.43%.

WD-40 Profile

(Get Rating)

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, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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