Invesco Ltd. Has $17.73 Million Stake in WD-40 (NASDAQ:WDFC)

Invesco Ltd. increased its holdings in shares of WD-40 (NASDAQ:WDFC) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,061 shares of the specialty chemicals company’s stock after acquiring an additional 6,330 shares during the period. Invesco Ltd. owned about 0.54% of WD-40 worth $17,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SRS Capital Advisors Inc. boosted its position in WD-40 by 525.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 163 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after purchasing an additional 75 shares during the last quarter. KBC Group NV grew its position in shares of WD-40 by 23.1% during the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company’s stock worth $133,000 after buying an additional 103 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of WD-40 by 70.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company’s stock worth $137,000 after buying an additional 233 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of WD-40 in the 4th quarter valued at $141,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WD-40

In other news, CFO Sara Kathleen Hyzer purchased 256 shares of the company’s stock in a transaction on Friday, April 11th. The shares were purchased at an average cost of $222.83 per share, with a total value of $57,044.48. Following the completion of the transaction, the chief financial officer now owns 4,072 shares of the company’s stock, valued at $907,363.76. The trade was a 6.71 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by insiders.

WD-40 Trading Up 2.3 %

WDFC opened at $222.76 on Monday. WD-40 has a twelve month low of $208.00 and a twelve month 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 has a market cap of $3.02 billion, a PE ratio of 42.67 and a beta of 0.03. The firm’s fifty day moving average is $234.52 and its two-hundred day moving average is $248.74.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating 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 business had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. During the same period in the previous year, the firm earned $1.14 EPS. WD-40’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that WD-40 will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.69%. WD-40’s dividend payout ratio (DPR) is 59.97%.

Analyst Upgrades and Downgrades

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

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.