WD-40 (NASDAQ:WDFC) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in WD-40 (NASDAQ:WDFC) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,124 shares of the specialty chemicals company’s stock after purchasing an additional 187 shares during the quarter. Bank of Montreal Can’s holdings in WD-40 were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Barclays PLC grew its position in shares of WD-40 by 309.7% during the 3rd quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company’s stock valued at $9,566,000 after buying an additional 28,039 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of WD-40 by 30.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,881 shares of the specialty chemicals company’s stock worth $534,000 after purchasing an additional 438 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of WD-40 by 365.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,841 shares of the specialty chemicals company’s stock worth $1,248,000 after purchasing an additional 3,801 shares during the last quarter. JPMorgan Chase & Co. boosted its position in WD-40 by 24.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company’s stock valued at $13,913,000 after purchasing an additional 10,711 shares during the period. Finally, GAMMA Investing LLC grew its stake in 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 last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Stock Performance

WDFC opened at $219.85 on Tuesday. 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 business’s 50 day moving average is $234.37 and its 200-day moving average is $248.48. The stock has a market cap of $2.98 billion, a PE ratio of 42.12 and a beta of 0.03. WD-40 has a twelve month low of $208.00 and a twelve month high of $292.36.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. During the same quarter in the previous year, the firm posted $1.14 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40’s dividend payout ratio (DPR) is presently 59.97%.

Analysts Set New Price Targets

Separately, DA Davidson raised shares of WD-40 to a “strong-buy” rating in a report on Monday, April 14th.

Insider Activity at WD-40

In other news, CFO Sara Kathleen Hyzer purchased 256 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was purchased at an average cost of $222.83 per share, with a total value of $57,044.48. Following the purchase, the chief financial officer now owns 4,072 shares in the company, valued at $907,363.76. This trade represents a 6.71 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.75% of the company’s stock.

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.