Natixis Advisors LLC Sells 1,881 Shares of WD-40 (NASDAQ:WDFC)

Natixis Advisors LLC decreased its stake in shares of WD-40 (NASDAQ:WDFC) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 82,948 shares of the specialty chemicals company’s stock after selling 1,881 shares during the quarter. Natixis Advisors LLC’s holdings in WD-40 were worth $20,130,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of WD-40 by 1.8% during the 3rd quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company’s stock worth $134,911,000 after purchasing an additional 9,418 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 worth $97,524,000 after purchasing an additional 12,943 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 5,095 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of WD-40 by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 129,894 shares of the specialty chemicals company’s stock worth $31,523,000 after purchasing an additional 1,932 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of WD-40 by 5.6% during the 4th quarter. Principal Financial Group Inc. now owns 114,033 shares of the specialty chemicals company’s stock worth $27,673,000 after purchasing an additional 6,073 shares during the period. Institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

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

WD-40 Stock Performance

NASDAQ WDFC opened at $244.25 on Wednesday. The stock has a market cap of $3.31 billion, a P/E ratio of 46.79 and a beta of -0.10. The company’s 50-day simple moving average is $235.86 and its 200 day simple moving average is $253.35. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. 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 (NASDAQ:WDFC) last posted its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. The business had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 earnings per share. As a group, research analysts forecast that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The company 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 dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.54%. WD-40’s payout ratio is 72.03%.

WD-40 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.