Gamco Investors INC. ET AL Has $4.82 Million Stake in WD-40 Company (WDFC)
Gamco Investors INC. ET AL cut its stake in WD-40 Company (NASDAQ:WDFC) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,700 shares of the specialty chemicals company’s stock after selling 200 shares during the period. Gamco Investors INC. ET AL owned approximately 0.31% of WD-40 worth $4,822,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of WD-40 by 129,764.4% in the first quarter. BlackRock Inc. now owns 1,698,626 shares of the specialty chemicals company’s stock valued at $185,067,000 after buying an additional 1,697,318 shares during the period. JPMorgan Chase & Co. increased its stake in shares of WD-40 by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 36,314 shares of the specialty chemicals company’s stock valued at $3,956,000 after buying an additional 1,462 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of WD-40 during the first quarter valued at approximately $132,000. Swiss National Bank increased its stake in shares of WD-40 by 2.2% in the first quarter. Swiss National Bank now owns 23,500 shares of the specialty chemicals company’s stock valued at $2,560,000 after buying an additional 500 shares during the period. Finally, UBS Group AG increased its stake in shares of WD-40 by 416.0% in the first quarter. UBS Group AG now owns 23,436 shares of the specialty chemicals company’s stock valued at $2,553,000 after buying an additional 18,894 shares during the period. 79.42% of the stock is owned by hedge funds and other institutional investors.
Shares of WD-40 Company (WDFC) opened at 105.90 on Thursday. The stock has a 50 day moving average price of $106.61 and a 200 day moving average price of $107.46. The stock has a market capitalization of $1.48 billion, a P/E ratio of 28.61 and a beta of 0.73. WD-40 Company has a 52 week low of $100.60 and a 52 week high of $121.10.
WD-40 (NASDAQ:WDFC) last announced its earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.11. The company had revenue of $98.20 million during the quarter, compared to the consensus estimate of $99.09 million. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. WD-40’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. On average, equities research analysts expect that WD-40 Company will post $3.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 21st were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.96 annualized dividend and a yield of 1.85%. WD-40’s dividend payout ratio (DPR) is 52.97%.
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Several analysts have recently commented on WDFC shares. Zacks Investment Research downgraded WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub raised WD-40 from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, FBR & Co reissued a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $111.25.
In other WD-40 news, VP Jay Rembolt sold 621 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $108.00, for a total value of $67,068.00. Following the completion of the sale, the vice president now directly owns 36,428 shares in the company, valued at $3,934,224. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 1,854 shares of company stock valued at $203,928. 3.90% of the stock is owned by insiders.
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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