DF Dent & Co. Inc. Has $15.72 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

DF Dent & Co. Inc. decreased its position in shares of WD-40 (NASDAQ:WDFC) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,788 shares of the specialty chemicals company’s stock after selling 2,205 shares during the quarter. DF Dent & Co. Inc. owned about 0.48% of WD-40 worth $15,723,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of WD-40 by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 385,779 shares of the specialty chemicals company’s stock worth $93,638,000 after purchasing an additional 7,664 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in WD-40 by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 23,997 shares of the specialty chemicals company’s stock worth $5,824,000 after acquiring an additional 212 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in WD-40 by 3.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,359 shares of the specialty chemicals company’s stock valued at $815,000 after acquiring an additional 98 shares during the period. Schroder Investment Management Group acquired a new position in WD-40 in the fourth quarter valued at about $1,071,000. Finally, Pictet Asset Management Holding SA increased its holdings in shares of WD-40 by 17.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,940 shares of the specialty chemicals company’s stock worth $471,000 after acquiring an additional 293 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

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

WD-40 Trading Up 1.2 %

Shares of NASDAQ:WDFC opened at $247.84 on Thursday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 47.48 and a beta of -0.10. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36. The company’s fifty day simple moving average is $237.30 and its 200 day simple moving average is $251.92. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

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

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, April 17th. WD-40’s dividend payout ratio (DPR) is currently 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.