US Bancorp DE lifted its position in WD-40 Company (NASDAQ:WDFC) by 200.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,309 shares of the specialty chemicals company's stock after acquiring an additional 2,206 shares during the period. US Bancorp DE's holdings in WD-40 were worth $807,000 at the end of the most recent quarter. \n\nA number of other hedge funds have also modified their holdings of WDFC. Ameriflex Group Inc. acquired a new stake in WD-40 during the 4th quarter worth approximately $25,000. TD Waterhouse Canada Inc. bought a new position in WD-40 during the fourth quarter worth $27,000. Versant Capital Management Inc boosted its position in WD-40 by 96.1% during the first quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock worth $36,000 after purchasing an additional 73 shares during the period. Golden State Wealth Management LLC boosted its position in WD-40 by 210.6% during the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock worth $36,000 after purchasing an additional 99 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of WD-40 by 82.6% in the first quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock valued at $38,000 after acquiring an additional 71 shares during the period. \n\n91.52% of the stock is currently owned by institutional investors and hedge funds. WD-40 Trading Down 0.4% Shares of opened at $219.48 on Monday. WD-40 Company has a 1 year low of $208.00 and a 1 year high of $292.36. The firm has a market cap of $2.97 billion, a PE ratio of 34.56 and a beta of 0.15. The stock has a fifty day moving average price of $229.65 and a 200-day moving average price of $233.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02. \n\nWD-40 (NASDAQ:WDFC) last issued its earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.40 by $0.14. The business had revenue of $156.92 million during the quarter, compared to the consensus estimate of $160.60 million. WD-40 had a return on equity of 31.23% and a net margin of 14.13%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. Equities research analysts anticipate that WD-40 Company will post 5.42 EPS for the current year. \n\nWD-40 Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 18th. WD-40's payout ratio is 59.21%. \n\nWall Street Analysts Forecast Growth Separately, DA Davidson dropped their price target on WD-40 from $322.00 to $300.00 and set a 'buy' rating for the company in a research note on Friday, July 11th. \n\nWD-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.

US Bancorp DE Has $807,000 Stock Holdings in WD-40 Company (NASDAQ:WDFC)

US Bancorp DE increased its stake in WD-40 Company (NASDAQ:WDFC) by 200.0% during the first quarter, ending with 3,309 shares valued at $807,000. Other hedge funds including Ameriflex Group Inc., TD Waterhouse Canada Inc., Versant Capital Management Inc., Golden State Wealth Management LLC, and Parallel Advisors LLC also adjusted their positions in WD-40. The company reported strong quarterly earnings with $1.54 EPS, exceeding expectations, and a 1.2% revenue increase. WD-40 declared a quarterly dividend of $0.94, resulting in an annualized yield of 1.7%. Analysts from DA Davidson lowered their price target to $300.00 and maintained a 'buy' rating. The company operates globally, offering maintenance and homecare products under the WD-40 Multi-Use and Specialist brands.