Bridge City Capital LLC Has $2.35 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

Bridge City Capital LLC increased its holdings in shares of WD-40 (NASDAQ:WDFC) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,702 shares of the specialty chemicals company’s stock after purchasing an additional 94 shares during the quarter. Bridge City Capital LLC owned 0.07% of WD-40 worth $2,354,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of WDFC. Allspring Global Investments Holdings LLC increased its position in shares of WD-40 by 209.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,672 shares of the specialty chemicals company’s stock worth $401,000 after acquiring an additional 1,132 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in WD-40 by 42.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company’s stock worth $4,133,000 after purchasing an additional 4,775 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in WD-40 by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company’s stock worth $36,537,000 after purchasing an additional 5,095 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of WD-40 by 115.3% in the 4th quarter. Pacer Advisors Inc. now owns 859 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 460 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of WD-40 in the fourth quarter valued at about $17,903,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “buy” rating and issued a $322.00 target price on shares of WD-40 in a research report on Monday, January 27th.

WD-40 Stock Performance

Shares of WDFC opened at $230.67 on Friday. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36. The firm has a fifty day simple moving average of $235.62 and a 200 day simple moving average of $252.88. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 44.19 and a beta of -0.10. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The firm had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 EPS. Research analysts forecast that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, April 17th. WD-40’s dividend payout ratio (DPR) is currently 72.03%.

About WD-40

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.