Ameriprise Financial Inc. cut its stake in WD-40 (NASDAQ:WDFC) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,167 shares of the specialty chemicals company’s stock after selling 2,676 shares during the period. Ameriprise Financial Inc. owned approximately 1.12% of WD-40 worth $17,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in WD-40 by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,238,670 shares of the specialty chemicals company’s stock valued at $136,687,000 after acquiring an additional 12,813 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in WD-40 by 27.6% in the second quarter. Neuberger Berman Group LLC now owns 591,124 shares of the specialty chemicals company’s stock valued at $65,231,000 after acquiring an additional 127,744 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in WD-40 by 12.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 526,508 shares of the specialty chemicals company’s stock valued at $58,101,000 after acquiring an additional 58,623 shares during the last quarter. State Street Corp lifted its holdings in WD-40 by 2.9% in the second quarter. State Street Corp now owns 373,496 shares of the specialty chemicals company’s stock valued at $41,210,000 after acquiring an additional 10,595 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its holdings in WD-40 by 7.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 357,835 shares of the specialty chemicals company’s stock valued at $39,487,000 after acquiring an additional 24,736 shares during the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.

WD-40 (WDFC) opened at $118.00 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.98 and a quick ratio of 2.51. WD-40 has a twelve month low of $100.60 and a twelve month high of $122.65. The company has a market capitalization of $1,679.91, a P/E ratio of 32.34, a P/E/G ratio of 3.13 and a beta of 0.67.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. WD-40 had a return on equity of 39.82% and a net margin of 13.91%. The company had revenue of $96.60 million for the quarter, compared to analysts’ expectations of $106.01 million. During the same period in the prior year, the firm earned $0.99 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. equities analysts anticipate that WD-40 will post 3.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.83%. This is a boost from WD-40’s previous quarterly dividend of $0.49. WD-40’s dividend payout ratio is 52.69%.

In other WD-40 news, VP Jay Rembolt sold 676 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $112.60, for a total transaction of $76,117.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.62% of the stock is owned by corporate insiders.

A number of research firms recently commented on WDFC. BidaskClub cut WD-40 from a “buy” rating to a “hold” rating in a report on Tuesday. B. Riley reiterated a “neutral” rating on shares of WD-40 in a report on Wednesday, November 1st. Zacks Investment Research cut WD-40 from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Finally, FBR & Co reiterated a “neutral” rating and issued a $122.00 price objective (up from $115.00) on shares of WD-40 in a report on Friday, October 20th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $117.25.

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WD-40 Profile

WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.

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

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