WD-40 (NASDAQ:WDFC) Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP decreased its position in shares of WD-40 (NASDAQ:WDFC) by 24.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,520 shares of the specialty chemicals company’s stock after selling 1,133 shares during the quarter. Semanteon Capital Management LP’s holdings in WD-40 were worth $854,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its stake in WD-40 by 5.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 23,035 shares of the specialty chemicals company’s stock valued at $5,590,000 after purchasing an additional 1,137 shares during the period. Whittier Trust Co. raised its holdings in shares of WD-40 by 3.7% during the fourth quarter. Whittier Trust Co. now owns 45,083 shares of the specialty chemicals company’s stock valued at $10,941,000 after buying an additional 1,617 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of WD-40 during the fourth quarter worth approximately $1,192,000. GCQ FUNDS MANAGEMENT PTY Ltd bought a new position in WD-40 in the 4th quarter worth approximately $4,532,000. Finally, Xponance Inc. increased its position in WD-40 by 10.4% in the 4th quarter. Xponance Inc. now owns 984 shares of the specialty chemicals company’s stock valued at $239,000 after acquiring an additional 93 shares during the period. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Down 1.6 %

WDFC stock opened at $235.94 on Friday. The firm’s 50-day moving average is $235.82 and its two-hundred day moving average is $253.14. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 45.20 and a beta of -0.10. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. 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 announced its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The firm had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 earnings per share. On average, analysts forecast that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, April 17th. WD-40’s payout ratio is currently 72.03%.

Analyst Ratings Changes

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

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.