Oarsman Capital Inc. held its stake in shares of WD-40 Company (NASDAQ:WDFC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,900 shares of the specialty chemicals company’s stock at the end of the second quarter. Oarsman Capital Inc.’s holdings in WD-40 were worth $210,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Summit Global Investments boosted its stake in shares of WD-40 by 39.4% during the 2nd quarter. Summit Global Investments now owns 4,600 shares of the specialty chemicals company’s stock worth $508,000 after acquiring an additional 1,300 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of WD-40 by 45.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,166 shares of the specialty chemicals company’s stock worth $129,000 after acquiring an additional 366 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of WD-40 by 7.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 357,835 shares of the specialty chemicals company’s stock worth $39,487,000 after acquiring an additional 24,736 shares during the last quarter. South Dakota Investment Council purchased a new position in shares of WD-40 during the 2nd quarter worth $463,000. Finally, Wells Fargo & Company MN boosted its stake 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 acquiring an additional 63,370 shares during the last quarter. Institutional investors and hedge funds own 80.60% of the company’s stock.
In related news, VP Jay Rembolt sold 615 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $112.00, for a total transaction of $68,880.00. Following the sale, the vice president now directly owns 37,219 shares of the company’s stock, valued at $4,168,528. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.90% of the company’s stock.
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WDFC has been the topic of several analyst reports. Zacks Investment Research cut shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, FBR & Co reiterated a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $111.75.
WD-40 Company (NASDAQ WDFC) traded up 0.37% on Tuesday, hitting $109.00. 960 shares of the company were exchanged. WD-40 Company has a 52 week low of $100.60 and a 52 week high of $119.90. The company has a market capitalization of $1.53 billion, a P/E ratio of 29.45 and a beta of 0.73. The firm’s 50 day moving average is $106.53 and its 200 day moving average is $107.36.
WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.11. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. The firm had revenue of $98.20 million for the quarter, compared to the consensus estimate of $99.09 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that WD-40 Company will post $3.68 earnings per share for the current fiscal year.
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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