BlackRock Inc. Has $185.67 Million Holdings in WD-40 Company (WDFC)

BlackRock Inc. reduced its position in shares of WD-40 Company (NASDAQ:WDFC) by 0.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,682,586 shares of the specialty chemicals company’s stock after selling 16,040 shares during the quarter. BlackRock Inc. owned 12.00% of WD-40 worth $185,673,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WDFC. Russell Investments Group Ltd. increased its stake in WD-40 by 34.3% during the 1st quarter. Russell Investments Group Ltd. now owns 22,937 shares of the specialty chemicals company’s stock valued at $2,499,000 after purchasing an additional 5,861 shares in the last quarter. Comerica Bank increased its stake in WD-40 by 3.6% during the 1st quarter. Comerica Bank now owns 15,660 shares of the specialty chemicals company’s stock valued at $1,657,000 after purchasing an additional 550 shares in the last quarter. Swiss National Bank increased its stake in WD-40 by 2.2% during the 1st quarter. Swiss National Bank now owns 23,500 shares of the specialty chemicals company’s stock valued at $2,560,000 after purchasing an additional 500 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in WD-40 by 151.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 6,635 shares of the specialty chemicals company’s stock valued at $723,000 after purchasing an additional 3,995 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in WD-40 during the 1st quarter valued at about $132,000. Institutional investors and hedge funds own 80.59% of the company’s stock.

A number of research firms have weighed in on WDFC. Zacks Investment Research upgraded shares of WD-40 from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Friday, September 1st. BidaskClub upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, FBR & Co restated a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $111.75.

In other news, VP Jay Rembolt sold 582 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $110.00, for a total transaction of $64,020.00. Following the transaction, the vice president now owns 37,632 shares in the company, valued at $4,139,520. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “BlackRock Inc. Has $185.67 Million Holdings in WD-40 Company (WDFC)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/blackrock-inc-has-185-67-million-holdings-in-wd-40-company-wdfc.html.

Shares of WD-40 Company (WDFC) opened at 113.65 on Wednesday. The stock’s 50 day moving average is $110.06 and its 200-day moving average is $107.53. WD-40 Company has a one year low of $100.60 and a one year high of $119.90. The stock has a market cap of $1.59 billion, a P/E ratio of 30.71 and a beta of 0.72.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 quarter in the prior year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 1.8% compared to t

A number of other large investors have also recently added to or reduced their stakes in WDFC. Russell Investments Group Ltd. increased its stake in WD-40 by 34.3% during the 1st quarter. Russell Investments Group Ltd. now owns 22,937 shares of the specialty chemicals company’s stock valued at $2,499,000 after purchasing an additional 5,861 shares in the last quarter. Comerica Bank increased its stake in WD-40 by 3.6% during the 1st quarter. Comerica Bank now owns 15,660 shares of the specialty chemicals company’s stock valued at $1,657,000 after purchasing an additional 550 shares in the last quarter. Swiss National Bank increased its stake in WD-40 by 2.2% during the 1st quarter. Swiss National Bank now owns 23,500 shares of the specialty chemicals company’s stock valued at $2,560,000 after purchasing an additional 500 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in WD-40 by 151.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 6,635 shares of the specialty chemicals company’s stock valued at $723,000 after purchasing an additional 3,995 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in WD-40 during the 1st quarter valued at about $132,000. Institutional investors and hedge funds own 80.59% of the company’s stock.

A number of research firms have weighed in on WDFC. Zacks Investment Research upgraded shares of WD-40 from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Friday, September 1st. BidaskClub upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, FBR & Co restated a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $111.75.

In other news, VP Jay Rembolt sold 582 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $110.00, for a total transaction of $64,020.00. Following the transaction, the vice president now owns 37,632 shares in the company, valued at $4,139,520. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “BlackRock Inc. Has $185.67 Million Holdings in WD-40 Company (WDFC)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/blackrock-inc-has-185-67-million-holdings-in-wd-40-company-wdfc.html.

Shares of WD-40 Company (WDFC) opened at 113.65 on Wednesday. The stock’s 50 day moving average is $110.06 and its 200-day moving average is $107.53. WD-40 Company has a one year low of $100.60 and a one year high of $119.90. The stock has a market cap of $1.59 billion, a P/E ratio of 30.71 and a beta of 0.72.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 quarter in the prior year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts forecast that WD-40 Company will post $3.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 20th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.72%. WD-40’s dividend payout ratio (DPR) is currently 52.97%.

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.

Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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