Parnassus Investments CA boosted its holdings in WD-40 (NASDAQ:WDFC) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,331,349 shares of the specialty chemicals company’s stock after purchasing an additional 8,593 shares during the period. Parnassus Investments CA owned approximately 0.10% of WD-40 worth $243,983,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. lifted its stake in WD-40 by 3.6% in the third quarter. BlackRock Inc. now owns 1,985,041 shares of the specialty chemicals company’s stock worth $341,624,000 after purchasing an additional 68,453 shares during the last quarter. Vanguard Group Inc raised its stake in shares of WD-40 by 1.7% during the third quarter. Vanguard Group Inc now owns 1,370,237 shares of the specialty chemicals company’s stock valued at $235,818,000 after acquiring an additional 23,118 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of WD-40 by 1.7% during the third quarter. Vanguard Group Inc. now owns 1,370,237 shares of the specialty chemicals company’s stock valued at $235,818,000 after acquiring an additional 23,118 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of WD-40 by 14.7% during the third quarter. Conestoga Capital Advisors LLC now owns 439,577 shares of the specialty chemicals company’s stock valued at $75,651,000 after acquiring an additional 56,327 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of WD-40 by 6.7% during the third quarter. Bank of New York Mellon Corp now owns 240,460 shares of the specialty chemicals company’s stock valued at $41,383,000 after acquiring an additional 15,098 shares during the last quarter. 95.91% of the stock is owned by institutional investors and hedge funds.

In related news, insider Michael L. Freeman sold 6,000 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $167.36, for a total transaction of $1,004,160.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael L. Freeman sold 5,386 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $169.23, for a total transaction of $911,472.78. The disclosure for this sale can be found here. 2.09% of the stock is owned by insiders.

Shares of NASDAQ WDFC opened at $175.86 on Tuesday. WD-40 has a 1 year low of $118.80 and a 1 year high of $187.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.60 and a current ratio of 2.19. The stock has a market cap of $2.45 billion, a P/E ratio of 42.58, a P/E/G ratio of 3.89 and a beta of 0.28.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Wednesday, January 9th. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. WD-40 had a net margin of 15.98% and a return on equity of 38.51%. The company had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $99.10 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. WD-40’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts predict that WD-40 will post 4.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Tuesday, December 18th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, January 17th. This represents a $2.44 annualized dividend and a dividend yield of 1.39%. This is a boost from WD-40’s previous quarterly dividend of $0.54. WD-40’s payout ratio is currently 59.08%.

Several brokerages have recently commented on WDFC. Zacks Investment Research downgraded shares of WD-40 from a “hold” rating to a “sell” rating in a research note on Saturday, December 1st. ValuEngine raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. BidaskClub raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 25th. Finally, DA Davidson began coverage on shares of WD-40 in a research note on Friday, December 7th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. WD-40 has a consensus rating of “Buy” and an average target price of $149.67.

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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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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