Northern Trust Corp Has $39.06 Million Holdings in WD-40 (NASDAQ:WDFC)

Northern Trust Corp decreased its position in shares of WD-40 (NASDAQ:WDFC) by 10.7% in the fourth quarter, Holdings Channel reports. The fund owned 160,936 shares of the specialty chemicals company’s stock after selling 19,208 shares during the period. Northern Trust Corp’s holdings in WD-40 were worth $39,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new stake in WD-40 in the 4th quarter worth $27,000. SRS Capital Advisors Inc. increased its stake in WD-40 by 525.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 163 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of WD-40 in the 4th quarter worth approximately $49,000. Anchor Investment Management LLC grew its holdings in shares of WD-40 by 3,400.0% during the 4th quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company’s stock worth $85,000 after purchasing an additional 340 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of WD-40 by 23.1% in the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock valued at $97,000 after purchasing an additional 75 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Sara Kathleen Hyzer acquired 256 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the completion of the transaction, the chief financial officer now directly owns 4,072 shares in the company, valued at $907,363.76. This trade represents a 6.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised shares of WD-40 to a “strong-buy” rating in a report on Monday, April 14th.

WD-40 Stock Down 1.2 %

Shares of NASDAQ:WDFC opened at $231.82 on Friday. The company has a market capitalization of $3.14 billion, a PE ratio of 44.41 and a beta of 0.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The company’s fifty day moving average is $232.79 and its 200-day moving average is $245.72. WD-40 has a 52 week low of $208.00 and a 52 week high of $292.36.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.05. The company had revenue of $146.10 million during the quarter, compared to analyst estimates of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. Equities research analysts predict that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.62%. WD-40’s dividend payout ratio (DPR) is 59.97%.

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.