Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in WD-40 (NASDAQ:WDFC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in WD-40 (NASDAQ:WDFC) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,384 shares of the specialty chemicals company’s stock after buying an additional 325 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in WD-40 were worth $821,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC boosted its stake in shares of WD-40 by 321.7% in the fourth quarter. AlphaQuest LLC now owns 4,074 shares of the specialty chemicals company’s stock worth $989,000 after acquiring an additional 3,108 shares during the last quarter. Amundi lifted its holdings in WD-40 by 181.4% in the 4th quarter. Amundi now owns 6,875 shares of the specialty chemicals company’s stock valued at $1,641,000 after purchasing an additional 4,432 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in WD-40 during the 4th quarter worth $17,903,000. Proficio Capital Partners LLC acquired a new stake in WD-40 in the 4th quarter valued at about $6,537,000. Finally, Victory Capital Management Inc. lifted its stake in WD-40 by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 14,345 shares of the specialty chemicals company’s stock worth $3,481,000 after purchasing an additional 294 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Price Performance

WD-40 stock opened at $235.94 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $235.82 and a 200 day moving average price of $253.14. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. The stock has a market cap of $3.20 billion, a P/E ratio of 45.20 and a beta of -0.10.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The business had revenue of $153.30 million during the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 EPS. Sell-side analysts anticipate that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 1.59%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40’s payout ratio is 72.03%.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a “buy” rating and issued a $322.00 price target on shares of WD-40 in a report on Monday, January 27th.

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.