PineBridge Investments L.P. increased its position in shares of WD-40 Co. (NASDAQ:WDFC) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,689 shares of the company’s stock after buying an additional 53 shares during the period. PineBridge Investments L.P.’s holdings in WD-40 were worth $198,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WDFC. Vanguard Group Inc. boosted its position in shares of WD-40 by 1.8% in the second quarter. Vanguard Group Inc. now owns 1,120,954 shares of the company’s stock worth $131,655,000 after buying an additional 19,621 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of WD-40 by 1.9% in the second quarter. Principal Financial Group Inc. now owns 96,555 shares of the company’s stock worth $11,340,000 after buying an additional 1,794 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of WD-40 by 0.9% in the second quarter. Prudential Financial Inc. now owns 32,563 shares of the company’s stock worth $3,825,000 after buying an additional 290 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of WD-40 by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 502,723 shares of the company’s stock worth $59,044,000 after buying an additional 5,043 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its position in shares of WD-40 by 7.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,120 shares of the company’s stock worth $719,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 75.97% of the company’s stock.
Shares of WD-40 Co. (NASDAQ:WDFC) opened at 112.37 on Thursday. The firm has a 50 day moving average price of $116.78 and a 200-day moving average price of $112.12. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 32.57 and a beta of 0.69. WD-40 Co. has a 12-month low of $87.83 and a 12-month high of $125.00.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, July 7th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. WD-40 had a return on equity of 32.92% and a net margin of 13.35%. The firm earned $96.40 million during the quarter. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts expect that WD-40 Co. will post $3.47 earnings per share for the current fiscal year.
A number of brokerages have issued reports on WDFC. Zacks Investment Research cut WD-40 from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Jefferies Group began coverage on WD-40 in a research note on Thursday, August 25th. They set a “hold” rating and a $120.00 price objective for the company. Finally, B. Riley reiterated a “neutral” rating and set a $106.00 price objective on shares of WD-40 in a research note on Monday, July 11th.
In other news, Director Geoffrey Holdsworth sold 1,427 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $120.27, for a total transaction of $171,625.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel E. Pittard acquired 295 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were acquired at an average price of $115.00 per share, with a total value of $33,925.00. The disclosure for this purchase can be found here. Insiders own 3.84% of the company’s stock.
WD-40 Company Profile
WD-40 Company, is a global consumer Products Company. As of August 31, 2012, the Company’s products included WD-40 Smart Straw, WD-40 Trigger Pro, 3-IN-ONE Professional Garage Door Lube, Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product, and a mildew stain remover under the X-14 brand.
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