Cim LLC Has $227,000 Holdings in WD-40 Company $WDFC

Cim LLC reduced its stake in WD-40 Company (NASDAQ:WDFC) by 9.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 932 shares of the specialty chemicals company’s stock after selling 102 shares during the period. Cim LLC’s holdings in WD-40 were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in WDFC. Ameriflex Group Inc. bought a new stake in shares of WD-40 in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc increased its holdings in shares of WD-40 by 96.1% during the first quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 73 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in WD-40 by 210.6% in the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 99 shares during the period. Parallel Advisors LLC increased its holdings in WD-40 by 82.6% in the first quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 71 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in WD-40 by 420.0% in the first quarter. Farther Finance Advisors LLC now owns 156 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 126 shares during the period. 91.52% of the stock is currently owned by institutional investors.

WD-40 Price Performance

WDFC stock opened at $211.03 on Friday. The company has a market capitalization of $2.86 billion, a P/E ratio of 33.23 and a beta of 0.13. 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 Company has a 52-week low of $208.00 and a 52-week high of $292.36. The business has a 50-day simple moving average of $218.53 and a two-hundred day simple moving average of $230.29.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.40 by $0.14. WD-40 had a net margin of 14.13% and a return on equity of 31.23%. The firm had revenue of $156.92 million for the quarter, compared to analysts’ expectations of $160.60 million. During the same quarter last year, the firm earned $1.46 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts expect that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $3.76 annualized dividend and a dividend yield of 1.8%. WD-40’s dividend payout ratio (DPR) is currently 59.21%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson cut their price target on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

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.