WD-40 Company (NASDAQ:WDFC) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lowered its stake in shares of WD-40 Company (NASDAQ:WDFC) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 488,223 shares of the specialty chemicals company’s stock after selling 1,147 shares during the period. Dimensional Fund Advisors LP owned approximately 3.47% of WD-40 worth $53,192,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its position in shares of WD-40 by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,560 shares of the specialty chemicals company’s stock valued at $169,000 after buying an additional 20 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of WD-40 by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 946 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 22 shares during the period. Elkfork Partners LLC raised its position in shares of WD-40 by 2.4% in the first quarter. Elkfork Partners LLC now owns 1,204 shares of the specialty chemicals company’s stock worth $131,000 after buying an additional 28 shares during the period. Meadow Creek Investment Management LLC raised its position in shares of WD-40 by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 1,462 shares of the specialty chemicals company’s stock worth $159,000 after buying an additional 34 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of WD-40 by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 5,263 shares of the specialty chemicals company’s stock worth $573,000 after buying an additional 43 shares during the last quarter. 82.11% of the stock is owned by institutional investors and hedge funds.
WD-40 Company (NASDAQ:WDFC) opened at 105.40 on Wednesday. The stock has a 50 day moving average price of $108.65 and a 200-day moving average price of $107.33. WD-40 Company has a 12-month low of $100.60 and a 12-month high of $121.10. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 28.48 and a beta of 0.73.
WD-40 (NASDAQ:WDFC) last issued its earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. The company had revenue of $98.20 million during the quarter, compared to analysts’ expectations of $99.09 million. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. Equities analysts forecast that WD-40 Company will post $3.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 21st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Wednesday, July 19th. WD-40’s payout ratio is 52.97%.
A number of analysts have issued reports on the company. BidaskClub downgraded WD-40 from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. FBR & Co reaffirmed a “marketperform” rating on shares of WD-40 in a research report on Tuesday, July 11th. Zacks Investment Research raised WD-40 from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Thursday, July 13th. Finally, B. Riley reiterated a “neutral” rating and issued a $116.00 price objective on shares of WD-40 in a research note on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $111.50.
In other WD-40 news, VP Jay Rembolt sold 621 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $108.00, for a total transaction of $67,068.00. Following the completion of the sale, the vice president now owns 36,428 shares in the company, valued at approximately $3,934,224. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,854 shares of company stock valued at $203,928 in the last quarter. Corporate insiders own 3.90% of the company’s stock.
WD-40 Company Profile
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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