Capital Fund Management S.A. Holds Position in WD-40 Co. (WDFC)
Capital Fund Management S.A. held its stake in WD-40 Co. (NASDAQ:WDFC) during the second quarter, Holdings Channel reports. The firm owned 3,200 shares of the company’s stock at the end of the second quarter. Capital Fund Management S.A.’s holdings in WD-40 were worth $376,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its position in shares of WD-40 by 13.1% in the first quarter. Aperio Group LLC now owns 7,514 shares of the company’s stock worth $812,000 after buying an additional 869 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of WD-40 by 7.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,205 shares of the company’s stock worth $670,000 after buying an additional 445 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of WD-40 by 5.2% in the first quarter. TIAA CREF Investment Management LLC now owns 71,140 shares of the company’s stock worth $7,684,000 after buying an additional 3,519 shares in the last quarter. BlackRock Inc. boosted its position in shares of WD-40 by 121.0% in the first quarter. BlackRock Inc. now owns 977 shares of the company’s stock worth $105,000 after buying an additional 535 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of WD-40 by 11.9% in the first quarter. BlackRock Group LTD now owns 21,678 shares of the company’s stock worth $2,341,000 after buying an additional 2,306 shares in the last quarter. Institutional investors and hedge funds own 75.97% of the company’s stock.
WD-40 Co. (NASDAQ:WDFC) traded down 0.13% on Friday, hitting $110.98. 86,521 shares of the stock were exchanged. WD-40 Co. has a 1-year low of $90.31 and a 1-year high of $125.00. The company has a 50-day moving average price of $115.12 and a 200 day moving average price of $112.53. The company has a market capitalization of $1.58 billion, a PE ratio of 32.17 and a beta of 0.71.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 21st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, October 19th. WD-40’s dividend payout ratio (DPR) is currently 48.70%.
A number of brokerages have commented on WDFC. B. Riley restated a “neutral” rating and set a $106.00 price target on shares of WD-40 in a research note on Monday, July 11th. Zacks Investment Research upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, Jefferies Group began coverage on shares of WD-40 in a research note on Thursday, August 25th. They set a “hold” rating and a $120.00 price target for the company.
In other news, Director Mario L. Crivello sold 400 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $119.57, for a total transaction of $47,828.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William B. Noble sold 1,000 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $115.14, for a total transaction of $115,140.00. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.
WD-40 Company, is a global consumer Products Company. As of August 31, 2012, the Company’s products included WD-40 Smart Straw, WD-40 Trigger Pro, 3-IN-ONE Professional Garage Door Lube, Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product, and a mildew stain remover under the X-14 brand.
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