EntryPoint Capital LLC Takes Position in WD-40 (NASDAQ:WDFC)

EntryPoint Capital LLC purchased a new position in shares of WD-40 (NASDAQ:WDFC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,654 shares of the specialty chemicals company’s stock, valued at approximately $401,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its position in shares of WD-40 by 525.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 163 shares in the last quarter. GAMMA Investing LLC raised its position in WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock worth $97,000 after purchasing an additional 75 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in WD-40 by 77.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company’s stock worth $122,000 after buying an additional 208 shares in the last quarter. KBC Group NV boosted its position in WD-40 by 23.1% in the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company’s stock valued at $133,000 after buying an additional 103 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of WD-40 by 70.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company’s stock valued at $137,000 after buying an additional 233 shares during the period. Institutional investors own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

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

WD-40 Trading Down 0.8 %

WDFC opened at $234.00 on Wednesday. The firm has a 50 day simple moving average of $235.94 and a 200 day simple moving average of $252.41. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 44.83 and a beta of -0.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75.

WD-40 (NASDAQ:WDFC) last posted its quarterly 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. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. During the same quarter in the prior year, the business posted $1.28 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a dividend of $0.94 per share. The ex-dividend date is Thursday, April 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.61%. WD-40’s payout ratio is currently 72.03%.

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.