New York State Teachers Retirement System Has $4.42 Million Position in WD-40 Company (NASDAQ:WDFC)

New York State Teachers Retirement System decreased its stake in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 7.4% in the 1st quarter, according to its most recent Form 13F filing 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 approximately 0.13% of WD-40 worth $4,416,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WDFC. Norges Bank bought a new stake in shares of WD-40 during the fourth quarter worth $54,571,000. GAMMA Investing LLC boosted its holdings in WD-40 by 28,448.0% during the first quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company's stock worth $27,863,000 after purchasing an additional 113,792 shares during the last quarter. Millennium Management LLC boosted its holdings in WD-40 by 206.9% during the fourth quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock worth $38,381,000 after purchasing an additional 106,617 shares during the last quarter. Raymond James Financial Inc. acquired a new position in WD-40 during the fourth quarter worth $17,903,000. Finally, Balyasny Asset Management L.P. acquired a new position in WD-40 during the fourth quarter worth $10,179,000. Institutional investors own 91.52% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at WD-40

In related news, CFO Sara Kathleen Hyzer acquired 256 shares of the company's stock in a transaction dated Friday, April 11th. The shares were bought at an average cost of $222.83 per share, with a total value of $57,044.48. Following the completion of the transaction, the chief financial officer directly owned 4,072 shares of the company's stock, valued at $907,363.76. This trade represents a 6.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is owned by insiders.

WD-40 Stock Performance

WDFC stock traded down $0.14 during trading hours on Tuesday, reaching $229.83. The stock had a trading volume of 8,129 shares, compared to its average volume of 121,081. The stock has a market capitalization of $3.11 billion, a PE ratio of 36.66 and a beta of 0.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.40 and a quick ratio of 1.69. The stock has a 50-day simple moving average of $238.93 and a 200 day simple moving average of $236.19. WD-40 Company has a fifty-two week low of $208.00 and a fifty-two week high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.05. The firm had revenue of $146.10 million during the quarter, compared to analysts' expectations of $154.40 million. WD-40 had a net margin of 13.99% and a return on equity of 31.55%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 earnings per share. Analysts predict that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, July 18th. WD-40's payout ratio is presently 59.97%.

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.