Geode Capital Management LLC Has $30.85 Million Holdings in WD-40 (NASDAQ:WDFC)

Geode Capital Management LLC raised its stake in shares of WD-40 (NASDAQ:WDFC) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,321 shares of the specialty chemicals company’s stock after purchasing an additional 13,452 shares during the quarter. Geode Capital Management LLC owned 1.22% of WD-40 worth $30,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fort L.P. increased its holdings in WD-40 by 90.6% in the 4th quarter. Fort L.P. now owns 9,279 shares of the specialty chemicals company’s stock worth $1,700,000 after acquiring an additional 4,411 shares in the last quarter. Magnus Financial Group LLC purchased a new stake in WD-40 in the 4th quarter worth approximately $246,000. California State Teachers Retirement System increased its holdings in WD-40 by 2.6% in the 4th quarter. California State Teachers Retirement System now owns 21,363 shares of the specialty chemicals company’s stock worth $3,915,000 after acquiring an additional 543 shares in the last quarter. Brown Advisory Inc. purchased a new stake in WD-40 in the 4th quarter worth approximately $455,000. Finally, Stifel Financial Corp increased its holdings in WD-40 by 4.0% in the 4th quarter. Stifel Financial Corp now owns 18,756 shares of the specialty chemicals company’s stock worth $3,440,000 after acquiring an additional 727 shares in the last quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.

In other news, Director Daniel E. Pittard purchased 400 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were purchased at an average price of $165.00 per share, for a total transaction of $66,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven A. Brass sold 822 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $164.30, for a total value of $135,054.60. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by company insiders.

WDFC traded down $0.08 during trading on Friday, reaching $165.01. The company had a trading volume of 73,621 shares, compared to its average volume of 124,755. The company has a market cap of $2.28 billion, a PE ratio of 39.95, a P/E/G ratio of 3.62 and a beta of 0.24. WD-40 has a 52 week low of $129.60 and a 52 week high of $187.50. The company has a quick ratio of 1.49, a current ratio of 2.07 and a debt-to-equity ratio of 0.41.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. WD-40 had a return on equity of 39.13% and a net margin of 16.24%. The company had revenue of $101.30 million during the quarter, compared to the consensus estimate of $104.10 million. During the same period last year, the company earned $1.05 earnings per share. WD-40’s revenue was up .0% on a year-over-year basis. As a group, research analysts anticipate that WD-40 will post 4.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be given a dividend of $0.61 per share. The ex-dividend date is Wednesday, April 17th. This represents a $2.44 annualized dividend and a dividend yield of 1.48%. WD-40’s dividend payout ratio (DPR) is 59.08%.

A number of equities research analysts have issued reports on WDFC shares. BidaskClub raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 25th. ValuEngine raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Finally, Zacks Investment Research lowered shares of WD-40 from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $164.50.

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About WD-40

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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