Intech Investment Management LLC Sells 655 Shares of WD-40 Company $WDFC

Intech Investment Management LLC trimmed its position in shares of WD-40 Company (NASDAQ:WDFC) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,927 shares of the specialty chemicals company’s stock after selling 655 shares during the period. Intech Investment Management LLC owned 0.10% of WD-40 worth $3,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. boosted its holdings in shares of WD-40 by 4.8% in the first quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company’s stock worth $256,000 after acquiring an additional 48 shares during the period. KBC Group NV boosted its holdings in shares of WD-40 by 8.9% in the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company’s stock worth $146,000 after acquiring an additional 49 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of WD-40 by 5.9% in the first quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company’s stock worth $218,000 after acquiring an additional 50 shares during the period. Xponance Inc. boosted its holdings in shares of WD-40 by 5.4% in the first quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company’s stock worth $253,000 after acquiring an additional 53 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of WD-40 by 3.9% in the first quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company’s stock worth $362,000 after acquiring an additional 56 shares during the period. 91.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson lowered their price objective 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 equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

WD-40 Trading Down 0.8%

NASDAQ WDFC opened at $211.03 on Friday. The stock’s 50-day simple moving average is $218.53 and its two-hundred day simple moving average is $230.23. WD-40 Company has a twelve month low of $208.00 and a twelve month high of $292.36. 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 company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 33.23 and a beta of 0.13.

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

WD-40 Announces Dividend

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

WD-40 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.