New York State Teachers Retirement System Sells 1,448 Shares of WD-40 Company (NASDAQ:WDFC)

New York State Teachers Retirement System trimmed its holdings in WD-40 Company (NASDAQ:WDFC) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,098 shares of the specialty chemicals company’s stock after selling 1,448 shares during the period. New York State Teachers Retirement System owned 0.13% of WD-40 worth $4,416,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WDFC. KBC Group NV lifted its stake in shares of WD-40 by 8.9% in the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company’s stock worth $146,000 after buying an additional 49 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of WD-40 by 0.9% in the fourth quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company’s stock worth $1,625,000 after buying an additional 57 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of WD-40 by 0.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,111 shares of the specialty chemicals company’s stock worth $2,454,000 after buying an additional 68 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of WD-40 by 17.0% in the first quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company’s stock worth $114,000 after buying an additional 68 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of WD-40 by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,425 shares of the specialty chemicals company’s stock worth $346,000 after buying an additional 70 shares during the last quarter. 91.52% of the stock is owned by institutional investors.

Insider Activity

In other WD-40 news, CFO Sara Kathleen Hyzer acquired 256 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was bought at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the purchase, the chief financial officer owned 4,072 shares in the company, valued at $907,363.76. This represents a 6.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson upgraded shares of WD-40 to a “strong-buy” rating in a research note on Monday, April 14th.

WD-40 Price Performance

Shares of WD-40 stock opened at $253.66 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.40 and a quick ratio of 1.69. WD-40 Company has a fifty-two week low of $208.00 and a fifty-two week high of $292.36. The firm has a fifty day moving average price of $238.79 and a two-hundred day moving average price of $236.48. The company has a market cap of $3.44 billion, a PE ratio of 40.46 and a beta of 0.14.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. WD-40 had a net margin of 13.99% and a return on equity of 31.55%. The firm had revenue of $146.10 million during the quarter, compared to the consensus estimate of $154.40 million. During the same period in the prior year, the firm earned $1.14 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Analysts expect that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, July 18th. WD-40’s dividend payout ratio is 59.97%.

WD-40 Company 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.