Neuberger Berman Group LLC raised its holdings in WD-40 (NASDAQ:WDFC) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 970,547 shares of the specialty chemicals company’s stock after buying an additional 61,369 shares during the period. Neuberger Berman Group LLC owned about 0.07% of WD-40 worth $192,288,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WDFC. APG Asset Management N.V. increased its position in shares of WD-40 by 83.3% during the first quarter. APG Asset Management N.V. now owns 732,632 shares of the specialty chemicals company’s stock worth $147,149,000 after purchasing an additional 333,000 shares in the last quarter. TD Asset Management Inc. boosted its holdings in WD-40 by 259.2% in the 2nd quarter. TD Asset Management Inc. now owns 108,470 shares of the specialty chemicals company’s stock valued at $21,510,000 after purchasing an additional 78,270 shares in the last quarter. Vanguard Group Inc. boosted its holdings in WD-40 by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,579,730 shares of the specialty chemicals company’s stock valued at $313,260,000 after purchasing an additional 68,144 shares in the last quarter. Man Group plc boosted its holdings in WD-40 by 40.5% in the 2nd quarter. Man Group plc now owns 132,078 shares of the specialty chemicals company’s stock valued at $26,191,000 after purchasing an additional 38,103 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of WD-40 by 3,630.5% during the 2nd quarter. ProShare Advisors LLC now owns 38,014 shares of the specialty chemicals company’s stock worth $7,538,000 after acquiring an additional 36,995 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered WD-40 from a “hold” rating to a “sell” rating in a research note on Friday, June 19th. DA Davidson lifted their price objective on WD-40 from $212.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, BidaskClub upgraded WD-40 from a “strong sell” rating to a “sell” rating in a research report on Wednesday.

Shares of WD-40 stock traded up $1.79 during trading on Wednesday, hitting $195.01. 674 shares of the company were exchanged, compared to its average volume of 135,253. The firm has a 50 day moving average price of $197.27 and a 200 day moving average price of $187.98. The company has a quick ratio of 1.45, a current ratio of 1.81 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 54.13 and a beta of -0.11. WD-40 has a fifty-two week low of $151.16 and a fifty-two week high of $211.68.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by ($0.02). The business had revenue of $98.20 million during the quarter. WD-40 had a net margin of 12.30% and a return on equity of 33.97%. The business’s revenue was down 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 EPS. Analysts predict that WD-40 will post 4.11 earnings per share for the current year.

In other news, Director William B. Noble sold 500 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $199.70, for a total transaction of $99,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.09% of the company’s stock.

About WD-40

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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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