Point72 Asia Singapore Pte. Ltd. Has $59,000 Stock Holdings in WD-40 (NASDAQ:WDFC)

Point72 Asia Singapore Pte. Ltd. lowered its stake in WD-40 (NASDAQ:WDFC) by 81.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 267 shares of the specialty chemicals company’s stock after selling 1,179 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in WD-40 were worth $59,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of WD-40 during the fourth quarter worth approximately $19,697,000. TD Asset Management Inc grew its holdings in WD-40 by 23.4% in the 4th quarter. TD Asset Management Inc now owns 15,800 shares of the specialty chemicals company’s stock valued at $3,777,000 after buying an additional 3,000 shares in the last quarter. Eagle Asset Management Inc. increased its position in WD-40 by 1.6% during the 4th quarter. Eagle Asset Management Inc. now owns 45,178 shares of the specialty chemicals company’s stock worth $10,801,000 after buying an additional 728 shares during the period. Premier Fund Managers Ltd bought a new position in WD-40 during the 4th quarter worth $651,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of WD-40 during the fourth quarter worth $263,000. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Up 0.4 %

Shares of WDFC opened at $257.55 on Monday. 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 market capitalization of $3.49 billion, a PE ratio of 50.60 and a beta of -0.08. The firm’s 50 day moving average is $256.27 and its 200-day moving average is $241.69. WD-40 has a 12 month low of $194.09 and a 12 month high of $278.78.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data 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 firm had revenue of $155.05 million for the quarter, compared to analyst estimates of $145.80 million. WD-40 had a return on equity of 32.43% and a net margin of 12.07%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. Equities research analysts forecast that WD-40 will post 5.22 EPS for the current year.

Analyst Upgrades and Downgrades

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 research note on Thursday, July 11th.

WD-40 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.