DekaBank Deutsche Girozentrale Increases Holdings in WD-40 (NASDAQ:WDFC)

DekaBank Deutsche Girozentrale increased its stake in shares of WD-40 (NASDAQ:WDFC) by 240.9% during the second quarter, HoldingsChannel.com reports. The firm owned 467 shares of the specialty chemicals company’s stock after buying an additional 330 shares during the period. DekaBank Deutsche Girozentrale’s holdings in WD-40 were worth $103,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WDFC. YHB Investment Advisors Inc. bought a new stake in shares of WD-40 during the first quarter valued at about $33,000. Advisors Asset Management Inc. purchased a new position in WD-40 during the first quarter valued at approximately $43,000. Covestor Ltd increased its holdings in WD-40 by 57.7% during the 1st quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock worth $55,000 after acquiring an additional 79 shares during the period. Blue Trust Inc. purchased a new stake in WD-40 in the 2nd quarter worth approximately $67,000. Finally, CWM LLC lifted its stake in WD-40 by 41.2% in the 2nd quarter. CWM LLC now owns 463 shares of the specialty chemicals company’s stock worth $102,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Performance

Shares of WDFC opened at $255.91 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $255.72 and a 200-day moving average price of $241.55. The company has a market cap of $3.47 billion, a PE ratio of 50.28 and a beta of -0.08. WD-40 has a 12-month low of $194.09 and a 12-month high of $278.78.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Wednesday, July 10th. The specialty chemicals company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $155.05 million during the quarter, compared to analysts’ expectations of $145.80 million. WD-40 had a net margin of 12.07% and a return on equity of 32.43%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 EPS. As a group, equities analysts forecast that WD-40 will post 5.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, DA Davidson decreased their price target on shares of WD-40 from $313.00 to $303.00 and set a “buy” rating on the stock in a report on Thursday, July 11th.

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 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.