Mondrian Investment Partners Ltd Exits Position in WD-40 Company (WDFC)

WD-40 Company (WDFC) : Mondrian Investment Partners Ltd has sold out all of its stake in WD-40 Company during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 21,236 shares of WD-40 Company which is valued at $2,432,796.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in WDFC in the latest quarter, The investment management firm added 370 additional shares and now holds a total of 5,245 shares of WD-40 Company which is valued at $635,537. WD-40 Company makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Creative Planning reduced its stake in WDFC by selling 488 shares or 22.78% in the most recent quarter. The Hedge Fund company now holds 1,654 shares of WDFC which is valued at $200,415.

WD-40 Company opened for trading at $114.96 and hit $115.5 on the upside on Thursday, eventually ending the session at $115.11, with a gain of 0.48% or 0.55 points. The heightened volatility saw the trading volume jump to 90,079 shares. Company has a market cap of $1,639 M.

On the company’s financial health, WD-40 Company reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 7, 2016. Analyst had a consensus of $0.86. The company had revenue of $96.50 million for the quarter, compared to analysts expectations of $99.30 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

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. In addition its WD-40 Specialist product line consists of certain specialty maintenance products. The Company’s three geographical segments are: the Americas Europe and Asia-Pacific. The Company sells its products primarily through mass retail and home center stores warehouse club stores grocery stores hardware stores automotive parts outlets and industrial distributors and suppliers. During the fiscal year ended August 31 2012 the Company formed WD-40 Bike Company LLC focused on the development of a line of bicycle maintenance products for cyclists and mechanics.

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