WD-40 (NASDAQ:WDFC) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its holdings in shares of WD-40 (NASDAQ:WDFC) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,936 shares of the specialty chemicals company’s stock after selling 19,208 shares during the period. Northern Trust Corp owned approximately 1.19% of WD-40 worth $39,056,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL increased its stake in WD-40 by 91.8% in the 4th quarter. Tudor Investment Corp ET AL now owns 27,072 shares of the specialty chemicals company’s stock worth $6,570,000 after purchasing an additional 12,960 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of WD-40 in the fourth quarter worth approximately $49,000. Aquatic Capital Management LLC purchased a new position in shares of WD-40 in the fourth quarter worth approximately $248,000. Nebula Research & Development LLC acquired a new stake in shares of WD-40 during the fourth quarter valued at approximately $1,094,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of WD-40 by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,111 shares of the specialty chemicals company’s stock valued at $2,454,000 after acquiring an additional 68 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upgraded WD-40 to a “strong-buy” rating in a report on Monday, April 14th.

WD-40 Price Performance

Shares of WDFC opened at $231.82 on Friday. The business’s 50-day moving average is $232.79 and its 200-day moving average is $245.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 44.41 and a beta of 0.17. WD-40 has a fifty-two week low of $208.00 and a fifty-two week high of $292.36.

WD-40 (NASDAQ:WDFC) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $146.10 million during the quarter, compared to the consensus estimate of $154.40 million. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, April 17th. WD-40’s payout ratio is currently 59.97%.

Insider Transactions at WD-40

In other WD-40 news, CFO Sara Kathleen Hyzer acquired 256 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the transaction, the chief financial officer now owns 4,072 shares in the company, valued at $907,363.76. The trade was a 6.71 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.75% of the company’s stock.

WD-40 Profile

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.