KBC Group NV Has $115,000 Stake in WD-40 (NASDAQ:WDFC)

KBC Group NV increased its position in shares of WD-40 (NASDAQ:WDFC) by 28.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 445 shares of the specialty chemicals company’s stock after acquiring an additional 99 shares during the period. KBC Group NV’s holdings in WD-40 were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in shares of WD-40 by 18.5% during the 1st quarter. Sei Investments Co. now owns 2,722 shares of the specialty chemicals company’s stock worth $690,000 after buying an additional 425 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of WD-40 by 1,648.9% during the 1st quarter. Russell Investments Group Ltd. now owns 822 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 775 shares during the last quarter. Vanguard Group Inc. lifted its stake in WD-40 by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock valued at $411,374,000 after purchasing an additional 6,532 shares during the last quarter. Acadian Asset Management LLC boosted its position in WD-40 by 1,131.2% in the first quarter. Acadian Asset Management LLC now owns 4,063 shares of the specialty chemicals company’s stock valued at $1,023,000 after buying an additional 3,733 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of WD-40 by 57.7% during the first quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 79 shares during the last quarter. 91.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. DA Davidson reiterated a “buy” rating and issued a $322.00 price target on shares of WD-40 in a research note on Monday. Jefferies Financial Group lifted their price target on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th.

Insider Activity

In other news, Director William B. Noble sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the transaction, the director now directly owns 7,999 shares of the company’s stock, valued at $2,317,310.30. The trade was a 11.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.75% of the company’s stock.

WD-40 Price Performance

Shares of NASDAQ:WDFC opened at $277.73 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.70 and a current ratio of 2.47. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The firm has a market cap of $3.76 billion, a PE ratio of 54.33 and a beta of -0.08. The firm’s fifty day moving average is $264.45 and its 200-day moving average is $248.41.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). The company had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. Sell-side analysts predict that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a $0.88 dividend. The ex-dividend date was Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.27%. WD-40’s dividend payout ratio (DPR) is currently 68.88%.

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.