New York State Teachers Retirement System Reduces Holdings in WD-40 Company (NASDAQ:WDFC)

New York State Teachers Retirement System lowered its position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 about 0.13% of WD-40 worth $4,416,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WDFC. Ameriflex Group Inc. purchased a new stake in WD-40 during the 4th quarter valued at $25,000. TD Waterhouse Canada Inc. bought a new position in WD-40 in the 4th quarter worth $27,000. Versant Capital Management Inc raised its holdings in WD-40 by 96.1% in the 1st quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock worth $36,000 after purchasing an additional 73 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in WD-40 by 210.6% in the 1st quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock worth $36,000 after purchasing an additional 99 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in WD-40 by 82.6% in the 1st quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $38,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

WD-40 Stock Down 2.1%

NASDAQ:WDFC traded down $4.83 on Thursday, reaching $224.90. 346,575 shares of the stock traded hands, compared to its average volume of 122,624. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 35.87 and a beta of 0.14. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.35. WD-40 Company has a 12 month low of $208.00 and a 12 month high of $292.36. The company's fifty day simple moving average is $238.97 and its 200 day simple moving average is $236.11.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.11. WD-40 had a net margin of 13.99% and a return on equity of 31.55%. During the same quarter last year, the company posted $1.46 earnings per share. Equities analysts predict that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.67%. WD-40's dividend payout ratio is presently 59.97%.

Wall Street Analyst Weigh In

Separately, DA Davidson upgraded shares of WD-40 to a "strong-buy" rating in a report on Monday, April 14th.

Insider Activity at WD-40

In related news, CFO Sara Kathleen Hyzer purchased 256 shares of WD-40 stock in a transaction dated Friday, April 11th. The stock was purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the completion of the purchase, the chief financial officer directly owned 4,072 shares of the company's stock, valued at $907,363.76. The trade was a 6.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

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.