WD-40 (NASDAQ:WDFC) Stake Reduced by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in WD-40 (NASDAQ:WDFCFree Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,191 shares of the specialty chemicals company’s stock after selling 1,542 shares during the quarter. Wells Fargo & Company MN owned about 0.65% of WD-40 worth $21,084,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDFC. GAMMA Investing LLC bought a new stake in WD-40 in the fourth quarter worth about $44,000. Pacer Advisors Inc. acquired a new stake in WD-40 during the 4th quarter worth about $56,000. Principal Securities Inc. acquired a new stake in WD-40 during the 4th quarter worth about $60,000. Quadrant Capital Group LLC raised its holdings in WD-40 by 33.8% during the 4th quarter. Quadrant Capital Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $123,000 after buying an additional 130 shares during the period. Finally, Allworth Financial LP raised its holdings in WD-40 by 122.3% during the 4th quarter. Allworth Financial LP now owns 738 shares of the specialty chemicals company’s stock worth $176,000 after buying an additional 406 shares during the period. 91.52% of the stock is currently owned by institutional investors.

Insider Activity at WD-40

In other news, Director David Pendarvis purchased 328 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was acquired at an average price of $234.75 per share, with a total value of $76,998.00. Following the purchase, the director now owns 4,934 shares in the company, valued at approximately $1,158,256.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director David Pendarvis purchased 328 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was acquired at an average price of $234.75 per share, with a total value of $76,998.00. Following the purchase, the director now owns 4,934 shares in the company, valued at approximately $1,158,256.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven A. Brass bought 432 shares of WD-40 stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average price of $232.22 per share, with a total value of $100,319.04. Following the completion of the acquisition, the chief executive officer now owns 20,547 shares in the company, valued at approximately $4,771,424.34. The disclosure for this purchase can be found here. In the last quarter, insiders bought 973 shares of company stock valued at $226,910. 0.65% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and set a $313.00 price objective on shares of WD-40 in a report on Wednesday, April 10th.

Check Out Our Latest Report on WD-40

WD-40 Trading Down 0.7 %

NASDAQ:WDFC opened at $222.84 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.56. WD-40 has a fifty-two week low of $182.53 and a fifty-two week high of $278.78. The stock’s 50-day moving average is $236.91 and its two-hundred day moving average is $245.99. The stock has a market cap of $3.02 billion, a PE ratio of 44.48 and a beta of -0.02.

WD-40 (NASDAQ:WDFCGet Free Report) last released its earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.01. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The company had revenue of $139.10 million for the quarter, compared to analysts’ expectations of $140.51 million. During the same quarter in the previous year, the business posted $1.21 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities research analysts forecast that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $3.52 annualized dividend and a yield of 1.58%. WD-40’s dividend payout ratio (DPR) is presently 70.26%.

WD-40 Company Profile

(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.

See Also

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

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