Amundi Sells 1,432 Shares of WD-40 Company $WDFC

Amundi reduced its holdings in WD-40 Company (NASDAQ:WDFC) by 20.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,443 shares of the specialty chemicals company’s stock after selling 1,432 shares during the quarter. Amundi’s holdings in WD-40 were worth $1,355,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of WDFC. Bank of America Corp DE increased its position in shares of WD-40 by 0.7% during the 4th quarter. Bank of America Corp DE now owns 39,268 shares of the specialty chemicals company’s stock valued at $9,530,000 after purchasing an additional 254 shares during the last quarter. Deutsche Bank AG grew its position in WD-40 by 143.2% during the 4th quarter. Deutsche Bank AG now owns 20,016 shares of the specialty chemicals company’s stock worth $4,857,000 after acquiring an additional 11,786 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in WD-40 by 43.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,968 shares of the specialty chemicals company’s stock worth $6,302,000 after acquiring an additional 7,874 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in WD-40 by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,753 shares of the specialty chemicals company’s stock worth $1,881,000 after acquiring an additional 304 shares during the last quarter. Finally, Millennium Management LLC grew its position in WD-40 by 206.9% during the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company’s stock worth $38,381,000 after acquiring an additional 106,617 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

WD-40 Trading Down 0.8%

WDFC opened at $211.03 on Friday. The stock has a market cap of $2.86 billion, a PE ratio of 33.23 and a beta of 0.13. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $218.53 and a 200-day moving average of $230.29. WD-40 Company has a 52 week low of $208.00 and a 52 week high of $292.36.

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

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 18th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, July 18th. WD-40’s dividend payout ratio (DPR) is 59.21%.

Wall Street Analyst Weigh In

Separately, DA Davidson reduced their price target on WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $290.00.

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.