WD-40 (NASDAQ:WDFC) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its stake in shares of WD-40 (NASDAQ:WDFC) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,324 shares of the specialty chemicals company’s stock after selling 60 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of WD-40 worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of WDFC. Covestor Ltd grew its position in shares of WD-40 by 41.3% in the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 66 shares during the last quarter. GAMMA Investing LLC boosted its stake in WD-40 by 23.1% in the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after acquiring an additional 75 shares in the last quarter. KBC Group NV grew its holdings in shares of WD-40 by 28.6% during the third quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock worth $115,000 after purchasing an additional 99 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of WD-40 by 77.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company’s stock worth $122,000 after purchasing an additional 208 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of WD-40 during the fourth quarter worth about $141,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

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 Up 0.7 %

WDFC stock opened at $238.62 on Friday. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 45.71 and a beta of -0.05. The company has a fifty day moving average price of $236.12 and a 200 day moving average price of $254.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. During the same period in the previous year, the business posted $1.28 earnings per share. WD-40’s quarterly revenue was up 9.2% on a year-over-year basis. Sell-side analysts expect that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.58%. This is a boost from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, January 17th. WD-40’s dividend payout ratio (DPR) is presently 72.03%.

WD-40 Company 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.