XTX Topco Ltd Invests $313,000 in WD-40 Company (NASDAQ:WDFC)

XTX Topco Ltd acquired a new position in shares of WD-40 Company (NASDAQ:WDFC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,282 shares of the specialty chemicals company’s stock, valued at approximately $313,000.

A number of other large investors have also modified their holdings of WDFC. GAMMA Investing LLC grew its stake in shares of WD-40 by 28,448.0% during the first quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company’s stock worth $27,863,000 after purchasing an additional 113,792 shares in the last quarter. Millennium Management LLC grew its stake in shares of WD-40 by 206.9% during the fourth quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company’s stock worth $38,381,000 after purchasing an additional 106,617 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of WD-40 during the fourth quarter worth $17,903,000. GCQ FUNDS MANAGEMENT PTY Ltd grew its stake in shares of WD-40 by 245.0% during the first quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 64,423 shares of the specialty chemicals company’s stock worth $15,719,000 after purchasing an additional 45,747 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of WD-40 during the fourth quarter worth $10,179,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Stock Performance

NASDAQ WDFC opened at $219.48 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02. WD-40 Company has a 1 year low of $208.00 and a 1 year high of $292.36. The company has a market capitalization of $2.97 billion, a PE ratio of 34.56 and a beta of 0.15. The company has a fifty day moving average of $229.65 and a two-hundred day moving average of $233.05.

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

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, July 18th. WD-40’s dividend payout ratio is currently 59.21%.

Wall Street Analyst Weigh In

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

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.