Whittier Trust Co. Has $10.77 Million Holdings in WD-40 Company $WDFC

Whittier Trust Co. lifted its holdings in WD-40 Company (NASDAQ:WDFC) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,237 shares of the specialty chemicals company’s stock after acquiring an additional 1,154 shares during the quarter. Whittier Trust Co. owned approximately 0.35% of WD-40 worth $10,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC raised its position in WD-40 by 0.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 568,302 shares of the specialty chemicals company’s stock worth $138,666,000 after purchasing an additional 4,672 shares during the last quarter. Alliancebernstein L.P. raised its position in WD-40 by 1,767.7% in the 1st quarter. Alliancebernstein L.P. now owns 448,180 shares of the specialty chemicals company’s stock worth $109,356,000 after purchasing an additional 424,183 shares during the last quarter. Geneva Capital Management LLC raised its position in WD-40 by 18.7% in the 1st quarter. Geneva Capital Management LLC now owns 248,197 shares of the specialty chemicals company’s stock worth $60,560,000 after purchasing an additional 39,137 shares during the last quarter. Invesco Ltd. raised its position in WD-40 by 122.0% in the 1st quarter. Invesco Ltd. now owns 162,181 shares of the specialty chemicals company’s stock worth $39,572,000 after purchasing an additional 89,120 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in WD-40 in the 1st quarter worth approximately $23,556,000. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Stock Performance

Shares of WD-40 stock opened at $198.58 on Wednesday. The firm has a fifty day moving average of $207.27 and a two-hundred day moving average of $222.22. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 31.27 and a beta of 0.09. WD-40 Company has a 52 week low of $187.40 and a 52 week high of $292.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.02 and a current ratio of 2.84.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be given a $0.94 dividend. The ex-dividend date is Monday, October 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.9%. WD-40’s dividend payout ratio is currently 59.21%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WDFC. DA Davidson dropped their price objective on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $300.00.

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.