Mcdonald Partners LLC Sells 425 Shares of WD-40 (NASDAQ:WDFC)

Mcdonald Partners LLC trimmed its holdings in shares of WD-40 (NASDAQ:WDFC) by 6.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,917 shares of the specialty chemicals company’s stock after selling 425 shares during the quarter. Mcdonald Partners LLC’s holdings in WD-40 were worth $1,436,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in shares of WD-40 by 1.8% during the third quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company’s stock worth $134,911,000 after acquiring an additional 9,418 shares in the last quarter. Geode Capital Management LLC boosted its stake in WD-40 by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock worth $97,524,000 after purchasing an additional 12,943 shares during the period. Conestoga Capital Advisors LLC increased its holdings in WD-40 by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company’s stock worth $82,975,000 after purchasing an additional 5,381 shares in the last quarter. Geneva Capital Management LLC raised its stake in shares of WD-40 by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 211,624 shares of the specialty chemicals company’s stock valued at $54,574,000 after purchasing an additional 988 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of WD-40 by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock valued at $37,512,000 after purchasing an additional 3,960 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

WD-40 Stock Performance

Shares of WDFC opened at $230.72 on Tuesday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 44.20 and a beta of -0.05. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36. The firm has a fifty day simple moving average of $241.26 and a 200 day simple moving average of $255.36. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37.

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

WD-40 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.63%. This is a positive change from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, January 17th. WD-40’s dividend payout ratio 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.