Bank of Montreal Can Grows Stock Position in WD-40 (NASDAQ:WDFC)

Bank of Montreal Can grew its stake in shares of WD-40 (NASDAQ:WDFC) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,124 shares of the specialty chemicals company’s stock after acquiring an additional 187 shares during the quarter. Bank of Montreal Can’s holdings in WD-40 were worth $515,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC raised its stake in WD-40 by 309.7% during the third quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company’s stock worth $9,566,000 after purchasing an additional 28,039 shares during the period. Sanctuary Advisors LLC boosted its holdings in WD-40 by 30.4% in the third quarter. Sanctuary Advisors LLC now owns 1,881 shares of the specialty chemicals company’s stock valued at $534,000 after acquiring an additional 438 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in WD-40 by 365.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,841 shares of the specialty chemicals company’s stock valued at $1,248,000 after acquiring an additional 3,801 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of WD-40 by 24.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company’s stock worth $13,913,000 after purchasing an additional 10,711 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of WD-40 by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock worth $97,000 after purchasing an additional 75 shares during the period. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Price Performance

WDFC stock opened at $219.85 on Tuesday. The firm has a market cap of $2.98 billion, a P/E ratio of 42.12 and a beta of 0.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. WD-40 has a 1 year low of $208.00 and a 1 year high of $292.36. The stock has a 50-day simple moving average of $234.37 and a 200-day simple moving average of $248.48.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The business had revenue of $146.10 million for the quarter, compared to analysts’ expectations of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 earnings per share. On average, equities analysts predict that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40’s payout ratio is 59.97%.

Insider Buying and Selling

In related news, CFO Sara Kathleen Hyzer acquired 256 shares of WD-40 stock in a transaction on Friday, April 11th. The shares were purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the purchase, the chief financial officer now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson upgraded shares of WD-40 to a “strong-buy” rating in a research note 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.