Natixis Advisors LLC Has $20.13 Million Position in WD-40 (NASDAQ:WDFC)

Natixis Advisors LLC lowered its stake in shares of WD-40 (NASDAQ:WDFC) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,948 shares of the specialty chemicals company’s stock after selling 1,881 shares during the period. Natixis Advisors LLC owned about 0.61% of WD-40 worth $20,130,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of WD-40 by 1.8% during the 3rd quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company’s stock valued at $134,911,000 after buying an additional 9,418 shares during the period. Geode Capital Management LLC lifted its stake in shares of WD-40 by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock valued at $97,524,000 after purchasing an additional 12,943 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of WD-40 by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company’s stock valued at $36,537,000 after purchasing an additional 5,095 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of WD-40 by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 129,894 shares of the specialty chemicals company’s stock valued at $31,523,000 after purchasing an additional 1,932 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of WD-40 by 5.6% in the 4th quarter. Principal Financial Group Inc. now owns 114,033 shares of the specialty chemicals company’s stock valued at $27,673,000 after purchasing an additional 6,073 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

WD-40 Stock Up 0.8 %

WDFC stock opened at $244.25 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The company has a fifty day simple moving average of $235.86 and a 200 day simple moving average of $253.35. The firm has a market cap of $3.31 billion, a PE ratio of 46.79 and a beta of -0.10.

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

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.54%. WD-40’s dividend 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.