BlackRock Institutional Trust Company N.A. boosted its stake in WD-40 Company (NASDAQ:WDFC) by 4.5% during the third quarter, Holdings Channel reports. The institutional investor owned 369,641 shares of the company’s stock after buying an additional 15,918 shares during the period. BlackRock Institutional Trust Company N.A. owned 2.61% of WD-40 Company worth $41,559,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of WDFC. Columbia Wanger Asset Management LLC bought a new position in WD-40 Company during the second quarter worth approximately $58,561,000. Neuberger Berman Group LLC bought a new position in WD-40 Company during the second quarter worth approximately $27,297,000. BlackRock Fund Advisors boosted its position in WD-40 Company by 12.1% in the third quarter. BlackRock Fund Advisors now owns 963,826 shares of the company’s stock worth $108,363,000 after buying an additional 103,959 shares during the period. Retirement Systems of Alabama bought a new position in WD-40 Company during the second quarter worth approximately $7,188,000. Finally, Aberdeen Asset Management PLC UK boosted its position in WD-40 Company by 49.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 176,805 shares of the company’s stock worth $20,765,000 after buying an additional 58,242 shares during the period. 77.28% of the stock is owned by institutional investors and hedge funds.
WD-40 Company (NASDAQ:WDFC) traded down 0.81% on Friday, hitting $104.55. The stock had a trading volume of 26,411 shares. The company has a 50-day moving average price of $110.72 and a 200-day moving average price of $112.60. WD-40 Company has a 1-year low of $98.44 and a 1-year high of $125.00. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.79 and a beta of 0.67.
WD-40 Company (NASDAQ:WDFC) last posted its earnings results on Monday, January 9th. The company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.05. The company had revenue of $89.25 million for the quarter. WD-40 Company had a net margin of 13.86% and a return on equity of 36.97%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. Equities analysts predict that WD-40 Company will post $3.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 20th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Wednesday, January 18th. This is a positive change from WD-40 Company’s previous quarterly dividend of $0.42. WD-40 Company’s payout ratio is presently 53.99%.
A number of research analysts have recently commented on the stock. B. Riley reissued a “neutral” rating and issued a $120.00 target price on shares of WD-40 Company in a report on Thursday, January 5th. Zacks Investment Research cut shares of WD-40 Company from a “hold” rating to a “sell” rating in a report on Wednesday, October 26th. Jefferies Group LLC reissued a “hold” rating and issued a $110.00 target price (down previously from $120.00) on shares of WD-40 Company in a report on Thursday, October 20th. Finally, Wunderlich dropped their target price on shares of WD-40 Company from $115.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, October 20th.
In related news, Director Daniel E. Pittard bought 600 shares of WD-40 Company stock in a transaction on Tuesday, November 8th. The stock was acquired at an average price of $104.00 per share, with a total value of $62,400.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.90% of the stock is owned by insiders.
About WD-40 Company
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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