WD-40 Company (WDFC) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC increased its holdings in shares of WD-40 Company (NASDAQ:WDFC) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 29,133 shares of the specialty chemicals company’s stock after purchasing an additional 755 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.21% of WD-40 worth $3,215,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of WDFC. BlackRock Inc. lifted its position in shares of WD-40 by 129,764.4% during the 1st quarter. BlackRock Inc. now owns 1,698,626 shares of the specialty chemicals company’s stock worth $185,067,000 after purchasing an additional 1,697,318 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of WD-40 by 27.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 591,124 shares of the specialty chemicals company’s stock worth $65,231,000 after purchasing an additional 127,744 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of WD-40 by 48.2% during the 2nd quarter. Wells Fargo & Company MN now owns 194,866 shares of the specialty chemicals company’s stock worth $21,504,000 after purchasing an additional 63,370 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of WD-40 by 12.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 526,508 shares of the specialty chemicals company’s stock worth $58,101,000 after purchasing an additional 58,623 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of WD-40 by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 1,225,857 shares of the specialty chemicals company’s stock worth $133,557,000 after purchasing an additional 52,896 shares during the last quarter. 81.77% of the stock is owned by institutional investors and hedge funds.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.04. The firm had revenue of $96.60 million during the quarter, compared to the consensus estimate of $106.01 million. WD-40 had a net margin of 13.91% and a return on equity of 39.82%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business posted $0.99 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 20th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $1.96 annualized dividend and a yield of 1.77%. WD-40’s dividend payout ratio (DPR) is presently 52.69%.
In other WD-40 news, VP Jay Rembolt sold 582 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $110.00, for a total transaction of $64,020.00. Following the completion of the sale, the vice president now directly owns 37,632 shares in the company, valued at $4,139,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.90% of the company’s stock.
Several research firms recently weighed in on WDFC. Zacks Investment Research cut WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. FBR & Co reissued a “neutral” rating and set a $122.00 price objective (up previously from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Finally, BidaskClub raised WD-40 from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $117.25.
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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