Geneva Capital Management LLC Has $50.74 Million Holdings in WD-40 (NASDAQ:WDFC)

Geneva Capital Management LLC cut its position in WD-40 (NASDAQ:WDFC) by 1.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 209,060 shares of the specialty chemicals company’s stock after selling 2,564 shares during the quarter. Geneva Capital Management LLC’s holdings in WD-40 were worth $50,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WDFC. SRS Capital Advisors Inc. raised its stake in shares of WD-40 by 525.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 163 shares during the last quarter. Covestor Ltd raised its stake in shares of WD-40 by 41.3% in the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 66 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of WD-40 by 23.1% in the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock worth $97,000 after acquiring an additional 75 shares during the last quarter. KBC Group NV raised its stake in shares of WD-40 by 28.6% in the third 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of WD-40 by 77.9% in the third 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. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Trading Up 1.3 %

Shares of NASDAQ WDFC opened at $240.55 on Thursday. WD-40 has a 1-year low of $211.03 and a 1-year high of $292.36. The company has a market cap of $3.26 billion, a PE ratio of 46.08 and a beta of -0.05. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $235.43 and a two-hundred day moving average of $254.09.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The business had revenue of $153.30 million during 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 earnings per share. As a group, equities analysts expect that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, January 17th. WD-40’s payout ratio is 72.03%.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed a “buy” rating and issued a $322.00 target price on shares of WD-40 in a research note 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.