New York State Common Retirement Fund sells 1,504 shares of WD-40 (NASDAQ: WDFC)


The New York State Common Retirement Fund reduced its position in WD-40 (NASDAQ: WDFC – Get Rating) by 11.5% in Q1, according to its most recent Form 13F filed with the Securities and Exchange Commission. The fund held 11,568 shares of the specialty chemicals company after selling 1,504 shares during the quarter. The New York State Common Retirement Fund held 0.08% of WD-40 worth $2,120,000 when it last filed with the SEC.

Several other large investors have also recently bought and sold shares of WDFC. First Trust Advisors LP bought a new position in WD-40 in the fourth quarter worth approximately $62,998,000. Principal Financial Group Inc. increased its position in WD-40 shares by 90.3% during the fourth quarter. Principal Financial Group Inc. now owns 183,370 shares of the specialty chemicals company worth $44,860,000 after acquiring an additional 87,012 shares in the last quarter. State Street Corp increased its position in WD-40 shares by 5.0% during the fourth quarter. State Street Corp now owns 461,073 shares of the specialty chemicals company worth $112,797,000 after acquiring 21,995 additional shares in the last quarter. Granite Investment Partners LLC purchased a new stock position of WD-40 during the fourth quarter worth approximately $3,212,000. Finally, JPMorgan Chase & Co. increased its position in WD-40 shares by 95.9% during the fourth quarter. JPMorgan Chase & Co. now owns 25,937 shares of the specialty chemicals company worth $6,345,000 after acquiring 12,699 additional shares in the last quarter. 90.78% of the shares are currently held by institutional investors.

WD-40 up 2.9%

The NASDAQ WDFC opened at $196.41 on Monday. The company has a 50-day simple moving average of $185.60 and a 200-day simple moving average of $191.33. WD-40 has a one-year low of $163.61 and a one-year high of $255.31. The stock has a market capitalization of $2.68 billion, a P/E ratio of 44.34 and a beta of -0.23. The company has a debt ratio of 0.56, a current ratio of 2.51 and a quick ratio of 1.51.

WD-40 (NASDAQ:WDFC – Get Rating) last released its results on Thursday, July 7. The specialty chemicals company reported EPS of $1.07 for the quarter, missing the consensus estimate of $1.28 per ($0.21). WD-40 had a return on equity of 30.75% and a net margin of 12.10%. The company posted revenue of $123.67 million for the quarter, versus analyst estimates of $142.80 million. During the same period of the previous year, the company achieved EPS of $1.52. The company’s revenue for the quarter was down 9.3% year over year. Research analysts expect WD-40 to post earnings per share of 5.08 for the current year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 29. Investors of record on Friday, July 15 received a dividend of $0.78 per share. The ex-dividend date was Thursday July 14. This represents an annualized dividend of $3.12 and a yield of 1.59%. WD-40’s dividend payout ratio is currently 70.43%.

Insider buying and selling

In other news, Director Eric Etchart acquired 500 shares of WD-40 in a trade on Thursday, August 4. The shares were purchased at an average price of $177.60 per share, with a total value of $88,800.00. Following the completion of the purchase, the director now owns 5,692 shares of the company, valued at approximately $1,010,899.20. The purchase was disclosed in a document filed with the SEC, which is available via this hyperlink. 1.33% of the shares are currently held by insiders.

A Wall Street analyst gives his opinion

A number of stock analysts have recently released reports on WDFC shares. BWS Financial began covering WD-40 in a research report on Thursday, July 14. They set a rating of “sell” and a price target of $88.00 for the company. DA Davidson upgraded WD-40 from a “neutral” rating to a “buy” rating and set a price target of $205.00 for the company in a Monday, July 18 research report. Finally, TheStreet downgraded WD-40 from a “b-” rating to a “c+” rating in a Friday, July 8 research report.

WD-40 Profile

(Get a rating)

WD-40 Company develops and sells janitorial, home care and cleaning products in the Americas, Europe, Middle East, Africa and Asia-Pacific. The company provides multi-purpose cleaning products that include aerosols, non-aerosol trigger aerosols and bulk liquid products under the WD-40 Multi-Use brand; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand.

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Institutional ownership by quarter for WD-40 (NASDAQ:WDFC)



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