WD-40 (NASDAQ:WDFC) Shares Sold by King Wealth Management Group

King Wealth Management Group lessened its holdings in shares of WD-40 (NASDAQ:WDFC) by 12.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 860 shares of the specialty chemicals company’s stock after selling 117 shares during the quarter. King Wealth Management Group’s holdings in WD-40 were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of WD-40 by 1.8% during the third quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company’s stock valued at $134,911,000 after purchasing an additional 9,418 shares during the last quarter. Geode Capital Management LLC boosted its position in WD-40 by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock valued at $97,524,000 after purchasing an additional 12,943 shares during the period. Charles Schwab Investment Management Inc. grew its stake in WD-40 by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company’s stock worth $36,537,000 after buying an additional 5,095 shares during the last quarter. Bank of New York Mellon Corp increased its position in WD-40 by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 129,894 shares of the specialty chemicals company’s stock worth $31,523,000 after buying an additional 1,932 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in WD-40 by 5.6% in the fourth quarter. Principal Financial Group Inc. now owns 114,033 shares of the specialty chemicals company’s stock valued at $27,673,000 after buying an additional 6,073 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson restated a “buy” rating and set a $322.00 price target on shares of WD-40 in a research report on Monday, January 27th.

WD-40 Stock Performance

WDFC stock opened at $237.46 on Friday. The company has a 50-day simple moving average of $235.54 and a 200 day simple moving average of $253.78. The company has a market capitalization of $3.22 billion, a P/E ratio of 45.49 and a beta of -0.10. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36.

WD-40 (NASDAQ:WDFC) last released its 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. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $153.30 million during the quarter, compared to the consensus estimate of $147.40 million. During the same period in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts predict that WD-40 will post 5.42 earnings per share for the current fiscal year.

About WD-40

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.