Teachers Retirement System of The State of Kentucky Buys 6,922 Shares of WD-40 Company (NASDAQ:WDFC)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 159.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,263 shares of the specialty chemicals company's stock after purchasing an additional 6,922 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.08% of WD-40 worth $2,748,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Private Advisor Group LLC lifted its holdings in WD-40 by 3.9% in the first quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company's stock valued at $362,000 after buying an additional 56 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in WD-40 by 3.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 23,926 shares of the specialty chemicals company's stock valued at $5,838,000 after buying an additional 891 shares during the period. Whittier Trust Co. lifted its holdings in WD-40 by 2.2% in the first quarter. Whittier Trust Co. now owns 46,083 shares of the specialty chemicals company's stock valued at $11,244,000 after buying an additional 1,000 shares during the period. Pittenger & Anderson Inc. lifted its holdings in WD-40 by 2.4% in the first quarter. Pittenger & Anderson Inc. now owns 2,950 shares of the specialty chemicals company's stock valued at $720,000 after buying an additional 70 shares during the period. Finally, Xponance Inc. lifted its holdings in WD-40 by 5.4% in the first quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company's stock valued at $253,000 after buying an additional 53 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Trading Down 0.2%

NASDAQ WDFC traded down $0.41 during trading hours on Friday, hitting $210.32. The company's stock had a trading volume of 182,145 shares, compared to its average volume of 188,085. The stock has a fifty day moving average of $235.07 and a 200 day moving average of $234.17. WD-40 Company has a twelve month low of $208.00 and a twelve month high of $292.36. The firm has a market capitalization of $2.85 billion, a P/E ratio of 33.12 and a beta of 0.14. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.40 by $0.14. WD-40 had a net margin of 14.13% and a return on equity of 31.23%. The firm had revenue of $156.92 million during the quarter, compared to the consensus estimate of $160.60 million. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, July 18th. WD-40's payout ratio is presently 59.21%.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their price objective on shares of WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock in a report on Friday, July 11th.

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.