Royce & Associates LP held its stake in shares of WD-40 Company (NASDAQ:WDFC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,378 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. Royce & Associates LP owned 0.13% of WD-40 worth $2,028,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its stake in WD-40 by 129,764.4% in the 1st quarter. BlackRock Inc. now owns 1,698,626 shares of the specialty chemicals company’s stock worth $185,067,000 after purchasing an additional 1,697,318 shares in the last quarter. Vanguard Group Inc. raised its stake in WD-40 by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 1,225,857 shares of the specialty chemicals company’s stock worth $133,557,000 after purchasing an additional 52,896 shares in the last quarter. Neuberger Berman Group LLC raised its stake in WD-40 by 29.6% in the 1st quarter. Neuberger Berman Group LLC now owns 463,380 shares of the specialty chemicals company’s stock worth $50,485,000 after purchasing an additional 105,697 shares in the last quarter. State Street Corp raised its stake in WD-40 by 6.8% in the 1st quarter. State Street Corp now owns 362,901 shares of the specialty chemicals company’s stock worth $39,542,000 after purchasing an additional 23,265 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in WD-40 by 17.0% in the 1st quarter. Aberdeen Asset Management PLC UK now owns 333,099 shares of the specialty chemicals company’s stock worth $36,291,000 after purchasing an additional 48,511 shares in the last quarter. Institutional investors and hedge funds own 80.60% of the company’s stock.
WD-40 Company (WDFC) opened at 109.05 on Wednesday. WD-40 Company has a 12 month low of $100.60 and a 12 month high of $119.90. The stock has a 50 day moving average of $106.58 and a 200 day moving average of $107.37. The firm has a market capitalization of $1.53 billion, a PE ratio of 29.47 and a beta of 0.73.
WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. The firm had revenue of $98.20 million for the quarter, compared to the consensus estimate of $99.09 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts predict that WD-40 Company will post $3.68 earnings per share for the current fiscal year.
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In other news, VP Jay Rembolt sold 615 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $112.00, for a total value of $68,880.00. Following the sale, the vice president now directly owns 37,219 shares of the company’s stock, valued at $4,168,528. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.90% of the company’s stock.
Several analysts have weighed in on WDFC shares. Zacks Investment Research upgraded shares of WD-40 from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Friday, August 25th. BidaskClub upgraded shares of WD-40 from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. WD-40 presently has a consensus rating of “Hold” and an average price target of $111.75.
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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