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

Northern Trust Corp cut its position in shares of WD-40 (NASDAQ:WDFC) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 197,635 shares of the specialty chemicals company’s stock after selling 4,474 shares during the period. Northern Trust Corp’s holdings in WD-40 were worth $36,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Capital Investment Advisory Services LLC acquired a new stake in WD-40 in the fourth quarter worth $33,000. Lindbrook Capital LLC acquired a new stake in WD-40 in the fourth quarter worth $37,000. Oppenheimer Asset Management Inc. acquired a new stake in WD-40 in the fourth quarter worth $45,000. Karp Capital Management Corp acquired a new stake in WD-40 in the fourth quarter worth $55,000. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in WD-40 in the fourth quarter worth $113,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research lowered WD-40 from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st. BidaskClub lowered WD-40 from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. ValuEngine raised WD-40 from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Finally, DA Davidson assumed coverage on WD-40 in a research report on Friday, December 7th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $149.67.

Shares of WDFC opened at $169.97 on Monday. The firm has a market cap of $2.35 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 3.73 and a beta of 0.25. The company has a current ratio of 2.19, a quick ratio of 1.60 and a debt-to-equity ratio of 0.41. WD-40 has a one year low of $125.70 and a one year high of $187.50.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Wednesday, January 9th. The specialty chemicals company reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95. The company had revenue of $101.30 million for the quarter, compared to analyst estimates of $99.10 million. WD-40 had a return on equity of 38.51% and a net margin of 15.98%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Sell-side analysts anticipate that WD-40 will post 4.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, April 17th. WD-40’s dividend payout ratio (DPR) is 59.08%.

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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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

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

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