WD-40 Company $WDFC Shares Sold by UBS Group AG

UBS Group AG lowered its position in shares of WD-40 Company (NASDAQ:WDFC) by 18.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 41,118 shares of the specialty chemicals company’s stock after selling 9,432 shares during the quarter. UBS Group AG’s holdings in WD-40 were worth $8,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in shares of WD-40 by 4,133.3% during the 4th quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 124 shares during the last quarter. Quarry LP increased its holdings in shares of WD-40 by 1,462.5% during the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 117 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of WD-40 by 340.5% during the 3rd quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 126 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in WD-40 by 207.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 106 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in WD-40 by 400.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock valued at $42,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WDFC. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, January 21st. DA Davidson dropped their target price on shares of WD-40 from $300.00 to $270.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, William Blair began coverage on shares of WD-40 in a report on Monday, April 6th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $270.00.

WD-40 Price Performance

WD-40 stock opened at $201.37 on Monday. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $253.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.98 and a current ratio of 2.83. The firm has a 50 day moving average price of $214.41 and a 200 day moving average price of $212.08. The company has a market capitalization of $2.71 billion, a PE ratio of 34.25 and a beta of 0.33.

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 firm had revenue of $161.67 million during the quarter, compared to the consensus estimate of $154.90 million. During the same quarter last year, the firm earned $1.32 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts expect that WD-40 Company will post 5.99 earnings per share for the current year.

WD-40 Dividend Announcement

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

WD-40 Company 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.