WD-40 Company (NASDAQ:WDFC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of WD-40 Company (NASDAQ:WDFCFree Report) by 3.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,687 shares of the specialty chemicals company’s stock after selling 85 shares during the period. Nisa Investment Advisors LLC’s holdings in WD-40 were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in WD-40 by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 1,627,684 shares of the specialty chemicals company’s stock worth $395,006,000 after acquiring an additional 16,763 shares in the last quarter. Geode Capital Management LLC lifted its stake in WD-40 by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 385,779 shares of the specialty chemicals company’s stock valued at $93,638,000 after buying an additional 7,664 shares in the last quarter. Renaissance Technologies LLC raised its holdings in WD-40 by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 227,661 shares of the specialty chemicals company’s stock valued at $55,249,000 after acquiring an additional 2,300 shares during the last quarter. Norges Bank acquired a new position in WD-40 in the 4th quarter valued at $54,571,000. Finally, Millennium Management LLC raised its holdings in WD-40 by 206.9% in the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company’s stock valued at $38,381,000 after acquiring an additional 106,617 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Trading Down 1.7%

NASDAQ:WDFC opened at $223.15 on Wednesday. The business’s 50-day moving average is $238.44 and its two-hundred day moving average is $235.42. 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 12 month low of $208.00 and a 12 month high of $292.36. The firm has a market capitalization of $3.02 billion, a PE ratio of 35.14 and a beta of 0.14.

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

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be paid a $0.94 dividend. The ex-dividend date is Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a yield of 1.68%. WD-40’s dividend payout ratio (DPR) is 59.21%.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their target price 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.

Get Our Latest Stock Analysis on WD-40

WD-40 Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WDFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WD-40 Company (NASDAQ:WDFCFree Report).

Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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