Xponance Inc. Buys 53 Shares of WD-40 Company (NASDAQ:WDFC)

Xponance Inc. increased its stake in WD-40 Company (NASDAQ:WDFC) by 5.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,037 shares of the specialty chemicals company’s stock after purchasing an additional 53 shares during the period. Xponance Inc.’s holdings in WD-40 were worth $253,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of WDFC. Ameriflex Group Inc. bought a new position in WD-40 in the fourth quarter valued at about $25,000. TD Waterhouse Canada Inc. bought a new position in WD-40 in the fourth quarter valued at about $27,000. Versant Capital Management Inc grew its position in WD-40 by 96.1% in the first quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 73 shares during the last quarter. Golden State Wealth Management LLC grew its position in WD-40 by 210.6% in the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 99 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in WD-40 by 82.6% in the first quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price target on WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, July 11th.

WD-40 Trading Down 1.4%

NASDAQ WDFC opened at $217.85 on Friday. The firm has a market capitalization of $2.95 billion, a P/E ratio of 34.31 and a beta of 0.14. The business has a fifty day simple moving average of $237.74 and a 200 day simple moving average of $234.98. WD-40 Company has a 12 month low of $208.00 and a 12 month high of $292.36. The company has a current ratio of 2.84, a quick ratio of 2.02 and a debt-to-equity ratio of 0.33.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. The firm had revenue of $156.92 million during the quarter, compared to the consensus estimate of $160.60 million. WD-40 had a return on equity of 31.23% and a net margin of 14.13%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. On average, analysts predict that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be issued a dividend of $0.94 per share. The ex-dividend date is Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a yield of 1.73%. WD-40’s dividend payout ratio (DPR) is 59.21%.

About WD-40

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.