Symons Capital Management Inc. decreased its position in shares of WD-40 (NASDAQ:WDFC) by 16.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,285 shares of the specialty chemicals company’s stock after selling 625 shares during the quarter. Symons Capital Management Inc.’s holdings in WD-40 were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in WD-40 during the 3rd quarter worth approximately $118,000. First Trust Advisors LP bought a new stake in WD-40 during the 4th quarter worth approximately $242,000. Bredin Investment LLC bought a new stake in WD-40 during the 4th quarter worth approximately $554,000. GSA Capital Partners LLP bought a new stake in WD-40 during the 3rd quarter worth approximately $568,000. Finally, Teacher Retirement System of Texas bought a new stake in WD-40 during the 4th quarter worth approximately $568,000. Institutional investors own 83.80% of the company’s stock.
In other news, insider Geoffrey Holdsworth sold 1,690 shares of WD-40 stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $126.85, for a total transaction of $214,376.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael L. Freeman sold 4,861 shares of WD-40 stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $119.58, for a total transaction of $581,278.38. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.
Shares of WD-40 (WDFC) opened at $129.35 on Tuesday. The stock has a market cap of $1,795.69, a P/E ratio of 33.82, a PEG ratio of 3.27 and a beta of 0.59. The company has a current ratio of 3.90, a quick ratio of 3.29 and a debt-to-equity ratio of 1.05. WD-40 has a 1 year low of $100.60 and a 1 year high of $129.85.
WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The firm had revenue of $97.60 million for the quarter, compared to analysts’ expectations of $93.00 million. WD-40 had a net margin of 13.84% and a return on equity of 39.23%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 earnings per share. sell-side analysts expect that WD-40 will post 3.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.16 annualized dividend and a dividend yield of 1.67%. This is a boost from WD-40’s previous quarterly dividend of $0.49. WD-40’s dividend payout ratio (DPR) is presently 56.84%.
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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