Standard Life Aberdeen plc lowered its stake in WD-40 (NASDAQ:WDFC) by 14.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 298,048 shares of the specialty chemicals company’s stock after selling 49,165 shares during the quarter. Standard Life Aberdeen plc’s holdings in WD-40 were worth $35,169,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in WD-40 in the 3rd quarter valued at approximately $118,000. First Trust Advisors LP purchased a new stake in WD-40 in the 4th quarter valued at approximately $242,000. Symons Capital Management Inc. purchased a new position in shares of WD-40 during the 3rd quarter worth $438,000. Bredin Investment LLC purchased a new position in shares of WD-40 during the 4th quarter worth $554,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of WD-40 during the 4th quarter worth $568,000. 83.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on WDFC. B. Riley reissued a “neutral” rating on shares of WD-40 in a research note on Wednesday, November 1st. BidaskClub raised WD-40 from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Zacks Investment Research lowered WD-40 from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. WD-40 currently has a consensus rating of “Hold” and a consensus price target of $123.75.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The company had revenue of $97.60 million for the quarter, compared to analyst estimates of $93.00 million. During the same quarter in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. sell-side analysts expect that WD-40 will post 3.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, January 18th. This is a positive change from WD-40’s previous quarterly dividend of $0.49. WD-40’s dividend payout ratio is currently 56.84%.
In other news, insider Geoffrey Holdsworth sold 1,690 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $126.85, for a total transaction of $214,376.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael L. Freeman sold 4,861 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $119.58, for a total value of $581,278.38. The disclosure for this sale can be found here. Corporate insiders own 3.62% of the company’s stock.
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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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