WD-40 (NASDAQ:WDFC) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company decreased its position in WD-40 (NASDAQ:WDFC) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,908 shares of the specialty chemicals company’s stock after selling 80 shares during the period. L.M. Kohn & Company’s holdings in WD-40 were worth $1,191,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in WD-40 in the 3rd quarter valued at about $29,000. Covestor Ltd grew its position in shares of WD-40 by 41.3% in the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 66 shares during the last quarter. Blue Trust Inc. grew its position in shares of WD-40 by 28.9% in the third quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company’s stock valued at $101,000 after purchasing an additional 88 shares during the last quarter. GAMMA Investing LLC grew its holdings in WD-40 by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after buying an additional 75 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of WD-40 by 28.6% during the third quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock valued at $115,000 after acquiring an additional 99 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

WD-40 Stock Down 0.8 %

Shares of NASDAQ WDFC opened at $230.72 on Friday. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The firm’s 50 day moving average price is $242.05 and its 200 day moving average price is $255.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The firm has a market cap of $3.13 billion, a P/E ratio of 44.20 and a beta of -0.05.

WD-40 (NASDAQ:WDFC) last issued 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. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. During the same period last year, the company earned $1.28 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.63%. This is a boost from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, January 17th. WD-40’s payout ratio is 72.03%.

WD-40 Company 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.