Whittier Trust Co. of Nevada Inc. Buys 1,137 Shares of WD-40 (NASDAQ:WDFC)

Whittier Trust Co. of Nevada Inc. grew its position in shares of WD-40 (NASDAQ:WDFC) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,035 shares of the specialty chemicals company’s stock after acquiring an additional 1,137 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in WD-40 were worth $5,590,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WDFC. Allspring Global Investments Holdings LLC raised its holdings in WD-40 by 209.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,672 shares of the specialty chemicals company’s stock worth $401,000 after purchasing an additional 1,132 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in WD-40 by 42.4% in the third quarter. Thrivent Financial for Lutherans now owns 16,026 shares of the specialty chemicals company’s stock worth $4,133,000 after buying an additional 4,775 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in WD-40 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company’s stock worth $36,537,000 after buying an additional 5,095 shares during the period. Pacer Advisors Inc. boosted its position in WD-40 by 115.3% during the 4th quarter. Pacer Advisors Inc. now owns 859 shares of the specialty chemicals company’s stock valued at $208,000 after acquiring an additional 460 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of WD-40 by 24.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company’s stock worth $13,913,000 after acquiring an additional 10,711 shares during the period. 91.52% of the stock is owned by institutional investors.

WD-40 Price Performance

Shares of WDFC opened at $230.67 on Friday. The firm’s 50-day simple moving average is $235.62 and its two-hundred day simple moving average is $252.92. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The stock has a market cap of $3.12 billion, a PE ratio of 44.19 and a beta of -0.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44.

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

WD-40 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, April 17th. WD-40’s payout ratio is 72.03%.

Analyst Ratings Changes

Separately, DA Davidson restated a “buy” rating and set a $322.00 price target on shares of WD-40 in a research report on Monday, January 27th.

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 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.