Whittier Trust Co. of Nevada Inc. Raises Stake in WD-40 (NASDAQ:WDFC)

Whittier Trust Co. of Nevada Inc. boosted its stake in WD-40 (NASDAQ:WDFC) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,035 shares of the specialty chemicals company’s stock after purchasing an additional 1,137 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.17% of WD-40 worth $5,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Coldstream Capital Management Inc. grew its stake in WD-40 by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company’s stock valued at $321,000 after acquiring an additional 40 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of WD-40 by 6.3% during the 4th quarter. D.A. Davidson & CO. now owns 845 shares of the specialty chemicals company’s stock valued at $205,000 after purchasing an additional 50 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of WD-40 by 0.9% in the fourth quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company’s stock worth $1,625,000 after purchasing an additional 57 shares during the period. Inspire Investing LLC raised its position in shares of WD-40 by 3.8% in the fourth quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company’s stock worth $402,000 after buying an additional 61 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in WD-40 by 2.4% during the fourth quarter. Truist Financial Corp now owns 2,662 shares of the specialty chemicals company’s stock valued at $646,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Price Performance

WDFC stock opened at $230.67 on Friday. The firm has a 50 day simple moving average of $235.62 and a two-hundred day simple moving average of $252.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The stock has a market cap of $3.12 billion, a PE ratio of 44.19 and a beta of -0.10. WD-40 has a one year low of $211.03 and a one year high of $292.36.

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

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.63%. 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 price target on shares of WD-40 in a 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.