Teachers Retirement System of The State of Kentucky continued to hold its stake in shares of WD-40 Company (NASDAQ:WDFC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,600 shares of the specialty chemicals company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in WD-40 were worth $501,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BB&T Corp raised its stake in shares of WD-40 by 11.5% in the first quarter. BB&T Corp now owns 7,797 shares of the specialty chemicals company’s stock valued at $850,000 after buying an additional 806 shares in the last quarter. Whittier Trust Co. raised its position in shares of WD-40 by 4.7% in the first quarter. Whittier Trust Co. now owns 22,747 shares of the specialty chemicals company’s stock worth $2,478,000 after buying an additional 1,021 shares during the period. Russell Investments Group Ltd. raised its position in shares of WD-40 by 34.3% in the first quarter. Russell Investments Group Ltd. now owns 22,937 shares of the specialty chemicals company’s stock worth $2,499,000 after buying an additional 5,861 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of WD-40 by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 946 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 22 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of WD-40 by 34.9% in the first quarter. Acadian Asset Management LLC now owns 110,292 shares of the specialty chemicals company’s stock worth $12,017,000 after buying an additional 28,542 shares during the period. 79.42% of the stock is currently owned by institutional investors.
WD-40 Company (NASDAQ:WDFC) traded up 0.19% during mid-day trading on Friday, hitting $105.25. 40,208 shares of the stock traded hands. The stock’s 50 day moving average is $106.95 and its 200-day moving average is $107.44. WD-40 Company has a 12 month low of $100.60 and a 12 month high of $121.10. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 28.44 and a beta of 0.73.
WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. The business had revenue of $98.20 million for the quarter, compared to the consensus estimate of $99.09 million. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. WD-40’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. On average, equities research analysts anticipate that WD-40 Company will post $3.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, July 21st were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.96 annualized dividend and a dividend yield of 1.86%. WD-40’s dividend payout ratio is currently 52.97%.
A number of equities analysts have weighed in on WDFC shares. Zacks Investment Research lowered WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub upgraded WD-40 from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, FBR & Co restated a “marketperform” rating on shares of WD-40 in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $111.25.
In other news, VP Jay Rembolt sold 621 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $108.00, for a total transaction of $67,068.00. Following the completion of the transaction, the vice president now directly owns 36,428 shares of the company’s stock, valued at approximately $3,934,224. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 1,854 shares of company stock valued at $203,928 over the last ninety days. Company insiders own 3.90% of the company’s stock.
WD-40 Company Profile
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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