ProShare Advisors LLC Increases Position in WD-40 Company $WDFC

ProShare Advisors LLC boosted its holdings in shares of WD-40 Company (NASDAQ:WDFC) by 8.4% in the 4th quarter, Holdings Channel reports. The fund owned 33,695 shares of the specialty chemicals company’s stock after acquiring an additional 2,623 shares during the quarter. ProShare Advisors LLC’s holdings in WD-40 were worth $6,635,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its stake in WD-40 by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,050 shares of the specialty chemicals company’s stock valued at $601,000 after acquiring an additional 50 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in WD-40 by 6.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 953 shares of the specialty chemicals company’s stock valued at $186,000 after purchasing an additional 56 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in WD-40 by 3.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,865 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 56 shares during the last quarter. Allworth Financial LP boosted its holdings in WD-40 by 4.4% in the 3rd quarter. Allworth Financial LP now owns 1,317 shares of the specialty chemicals company’s stock valued at $260,000 after purchasing an additional 56 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in WD-40 by 1.8% in the 3rd quarter. Amalgamated Bank now owns 3,925 shares of the specialty chemicals company’s stock valued at $776,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Stock Performance

NASDAQ:WDFC opened at $207.30 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.83 and a quick ratio of 1.98. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 35.26 and a beta of 0.33. The company’s 50-day moving average is $211.83 and its two-hundred day moving average is $212.33. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $253.24.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Thursday, April 9th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The company had revenue of $161.67 million for the quarter, compared to analyst estimates of $154.90 million. During the same period in the previous year, the business posted $1.32 EPS. WD-40’s revenue was up 10.7% on a year-over-year basis. Analysts forecast that WD-40 Company will post 5.99 EPS for the current year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 17th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, April 17th. WD-40’s dividend payout ratio is currently 69.39%.

Analyst Upgrades and Downgrades

WDFC has been the topic of several recent analyst reports. DA Davidson decreased their target price on shares of WD-40 from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, April 10th. William Blair initiated coverage on shares of WD-40 in a report on Monday, April 6th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.00.

WD-40 Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.