BlackRock Inc. raised its position in shares of WD-40 (NASDAQ:WDFC) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,743,617 shares of the specialty chemicals company’s stock after purchasing an additional 35,479 shares during the period. BlackRock Inc. owned about 12.48% of WD-40 worth $205,746,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of WD-40 in the 3rd quarter valued at $118,000. First Trust Advisors LP purchased a new position in shares of WD-40 in the 4th quarter valued at $242,000. Bredin Investment LLC purchased a new position in shares of WD-40 in the 4th quarter valued at $554,000. GSA Capital Partners LLP purchased a new position in shares of WD-40 in the 3rd quarter valued at $568,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of WD-40 in the 4th quarter valued at $568,000. 86.04% of the stock is owned by institutional investors and hedge funds.
In related news, insider Geoffrey Holdsworth sold 1,690 shares of the business’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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael L. Freeman sold 4,861 shares of the business’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. 3.90% of the stock is owned by insiders.
WD-40 (WDFC) opened at $133.70 on Friday. WD-40 has a one year low of $100.60 and a one year high of $134.40. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.29 and a current ratio of 3.90. The firm has a market capitalization of $1,848.79, a price-to-earnings ratio of 35.18, a P/E/G ratio of 3.36 and a beta of 0.57.
WD-40 (NASDAQ:WDFC) last announced its earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.07. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The firm had revenue of $97.60 million for the quarter, compared to the consensus estimate of $93.00 million. During the same period in the previous year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. analysts predict that WD-40 will post 3.94 earnings per share for the current year.
A number of research analysts have recently issued reports on the company. BidaskClub upgraded WD-40 from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded WD-40 from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, B. Riley restated a “hold” rating and set a $125.00 target price on shares of WD-40 in a research note on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $123.75.
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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