Whittier Trust Co. Has $10.94 Million Holdings in WD-40 (NASDAQ:WDFC)

Whittier Trust Co. increased its stake in shares of WD-40 (NASDAQ:WDFC) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 45,083 shares of the specialty chemicals company’s stock after acquiring an additional 1,617 shares during the period. Whittier Trust Co. owned 0.33% of WD-40 worth $10,941,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WDFC. SRS Capital Advisors Inc. grew its holdings in WD-40 by 525.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 163 shares during the last quarter. GAMMA Investing LLC grew its stake in WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after buying an additional 75 shares during the last quarter. KBC Group NV raised its holdings in WD-40 by 28.6% in the 3rd quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock worth $115,000 after acquiring an additional 99 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in WD-40 by 77.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company’s stock worth $122,000 after acquiring an additional 208 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in WD-40 by 39.9% during the fourth quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company’s stock valued at $142,000 after acquiring an additional 157 shares during the period. 91.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

WD-40 Trading Down 1.6 %

Shares of WD-40 stock opened at $235.94 on Friday. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The company’s fifty day simple moving average is $235.82 and its 200-day simple moving average is $253.14. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 45.20 and a beta of -0.10. 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 results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. As a group, sell-side analysts expect that WD-40 will post 5.42 EPS for the current 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 issued a $0.94 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.59%. WD-40’s dividend payout ratio (DPR) is 72.03%.

WD-40 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.