CIBC Private Wealth Group LLC Has $172,000 Stake in WD-40 (NASDAQ:WDFC)

CIBC Private Wealth Group LLC lowered its position in shares of WD-40 (NASDAQ:WDFC) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 719 shares of the specialty chemicals company’s stock after selling 200 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in WD-40 were worth $172,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its position in shares of WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 163 shares in the last quarter. GAMMA Investing LLC grew its position in shares of WD-40 by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock worth $97,000 after buying an additional 75 shares during the period. KBC Group NV increased its stake in shares of WD-40 by 23.1% in the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company’s stock valued at $133,000 after acquiring an additional 103 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of WD-40 by 70.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company’s stock valued at $137,000 after acquiring an additional 233 shares during the period. Finally, R Squared Ltd bought a new position in WD-40 during the fourth quarter worth $141,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Trading Down 1.5 %

Shares of WD-40 stock opened at $245.09 on Monday. The stock has a market capitalization of $3.32 billion, a PE ratio of 46.95 and a beta of 0.03. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The stock has a 50 day moving average price of $237.89 and a two-hundred day moving average price of $251.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44.

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

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be given a $0.94 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.53%. WD-40’s payout ratio is 72.03%.

Wall Street Analysts Forecast Growth

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

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.