Teacher Retirement System of Texas Purchases 16,884 Shares of WD-40 Company (NASDAQ:WDFC)

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 its most recent Form 13F filing with the SEC. The firm owned 21,797 shares of the specialty chemicals company's stock after purchasing an additional 16,884 shares during the period. Teacher Retirement System of Texas owned 0.16% of WD-40 worth $5,318,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. KBC Group NV boosted its stake in shares of WD-40 by 8.9% during the 1st 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 raised its holdings in WD-40 by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 6,697 shares of the specialty chemicals company's stock valued at $1,625,000 after acquiring an additional 57 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in WD-40 by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,111 shares of the specialty chemicals company's stock valued at $2,454,000 after acquiring an additional 68 shares during the period. GAMMA Investing LLC raised its holdings in WD-40 by 17.0% in the 1st quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company's stock valued at $114,000 after acquiring an additional 68 shares during the period. Finally, Summit Investment Advisors Inc. raised its holdings in WD-40 by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,425 shares of the specialty chemicals company's stock valued at $346,000 after acquiring an additional 70 shares during the period. 91.52% of the stock is currently owned by institutional investors.

WD-40 Trading Down 1.4%

Shares of NASDAQ:WDFC traded down $3.19 during mid-day trading on Monday, reaching $229.97. 149,165 shares of the company's stock were exchanged, compared to its average volume of 144,258. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 36.68 and a beta of 0.14. The business's fifty day moving average price is $238.79 and its 200-day moving average price is $236.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.69 and a current ratio of 2.40. WD-40 Company has a twelve month low of $208.00 and a twelve month high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm posted $1.14 earnings per share. The business's revenue was up 5.0% compared to the same quarter last year. On average, research analysts predict that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, July 18th. WD-40's payout ratio is 59.97%.

Analysts Set New Price Targets

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

Insider Transactions at WD-40

In other WD-40 news, CFO Sara Kathleen Hyzer purchased 256 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the purchase, the chief financial officer owned 4,072 shares of the company's stock, valued at $907,363.76. This represents a 6.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company's stock.

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.