WD-40 (NASDAQ:WDFC) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its position in WD-40 (NASDAQ:WDFCGet Rating) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,972 shares of the specialty chemicals company’s stock after acquiring an additional 99 shares during the quarter. Mutual of America Capital Management LLC’s holdings in WD-40 were worth $361,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mine & Arao Wealth Creation & Management LLC. boosted its position in WD-40 by 50.0% during the 4th quarter. Mine & Arao Wealth Creation & Management LLC. now owns 150 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 50 shares during the period. Cornerstone Advisory LLC acquired a new position in WD-40 during the 4th quarter valued at approximately $77,000. Hardy Reed LLC acquired a new position in WD-40 during the 1st quarter valued at approximately $58,000. Steward Partners Investment Advisory LLC boosted its position in WD-40 by 22.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 335 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 61 shares during the period. Finally, Strs Ohio boosted its position in WD-40 by 300.0% during the 4th quarter. Strs Ohio now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

WD-40 Stock Up 0.3 %

Shares of WD-40 stock opened at $177.37 on Monday. The business’s fifty day moving average price is $185.89 and its two-hundred day moving average price is $194.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.51 and a quick ratio of 1.51. The company has a market capitalization of $2.42 billion, a P/E ratio of 40.04 and a beta of -0.17. WD-40 has a 1-year low of $163.61 and a 1-year high of $255.31.

WD-40 (NASDAQ:WDFCGet Rating) last posted its quarterly earnings data on Thursday, July 7th. The specialty chemicals company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.21). WD-40 had a return on equity of 30.75% and a net margin of 12.10%. The firm had revenue of $123.67 million during the quarter, compared to the consensus estimate of $142.80 million. During the same period in the prior year, the firm posted $1.52 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. As a group, research analysts forecast that WD-40 will post 5.08 EPS for the current year.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Thursday, July 14th. WD-40’s dividend payout ratio is presently 70.43%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WDFC. DA Davidson upgraded WD-40 from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Monday, July 18th. BWS Financial initiated coverage on WD-40 in a research note on Thursday, July 14th. They set a “sell” rating and a $88.00 target price on the stock. Finally, TheStreet downgraded WD-40 from a “b-” rating to a “c+” rating in a research note on Friday, July 8th.

About WD-40

(Get Rating)

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, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name.

Further Reading

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

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