WD-40 Company (NASDAQ:WDFC) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in WD-40 Company (NASDAQ:WDFC - Free Report) by 343.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,797 shares of the specialty chemicals company's stock after buying an additional 16,884 shares during the quarter. Teacher Retirement System of Texas owned 0.16% of WD-40 worth $5,318,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of WDFC. GCQ FUNDS MANAGEMENT PTY Ltd boosted its position in WD-40 by 245.0% during the first quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 64,423 shares of the specialty chemicals company's stock worth $15,719,000 after purchasing an additional 45,747 shares in the last quarter. KBC Group NV boosted its position in WD-40 by 8.9% during the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after purchasing an additional 49 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in WD-40 by 37.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,299 shares of the specialty chemicals company's stock worth $563,000 after purchasing an additional 627 shares in the last quarter. Golden State Wealth Management LLC boosted its position in WD-40 by 210.6% during the first 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, Cambridge Investment Research Advisors Inc. boosted its position in WD-40 by 15.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,789 shares of the specialty chemicals company's stock worth $1,168,000 after purchasing an additional 645 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other WD-40 news, CFO Sara Kathleen Hyzer bought 256 shares of the company's stock in a transaction that occurred on 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 owned 4,072 shares of the company's stock, valued at $907,363.76. This trade represents a 6.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.75% of the company's stock.

WD-40 Price Performance

Shares of NASDAQ:WDFC traded down $4.83 on Thursday, hitting $224.90. The company had a trading volume of 346,709 shares, compared to its average volume of 145,974. 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 52-week low of $208.00 and a 52-week high of $292.36. The business has a 50 day moving average of $238.97 and a 200 day moving average of $236.11. The company has a market cap of $3.05 billion, a PE ratio of 35.87 and a beta of 0.14.

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

WD-40 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 annualized dividend and a yield of 1.67%. WD-40's payout ratio is currently 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.