Oregon Public Employees Retirement Fund holds $951,000 worth of stock in WD-40 (NASDAQ:WDFC)

The Oregon Public Employees Retirement Fund lowered its position in WD-40 (NASDAQ: WDFC – Get Rating) by 1.9% during the 1st quarter, Holdings Channel reports. The fund held 5,188 shares of the specialty chemicals company after selling 100 shares during the period. The Oregon Public Employees Retirement Fund holdings in WD-40 were worth $951,000 when it was last filed with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Insight Wealth Strategies LLC increased its position in WD-40 by 5.9% in the first quarter. Insight Wealth Strategies LLC now owns 1,230 shares of the specialty chemicals company worth $225,000 after buying 68 additional shares in the last quarter. Rhumbline Advisers increased its equity stake in WD-40 by 1.1% in Q4. Rhumbline Advisers now owns 38,680 shares of the specialty chemicals company worth $9,463,000 after buying 438 more shares last quarter. The New Jersey State Joint Pension Fund D increased its holdings of WD-40 stock by 8.0% in the 4th quarter. New Jersey State Joint Pension Fund D now owns 12,195 shares of the specialty chemicals company valued at $2,983,000 after acquiring 905 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, Cim LLC increased its holdings in WD-40 by 10.6% during the fourth quarter. Cim LLC now owns 961 shares of the specialty chemicals company worth $220,000 after purchasing 92 additional shares during the period. Institutional investors hold 90.78% of the company’s shares.

A number of research analysts have weighed in on the stock. TheStreet downgraded WD-40’s shares from a “b-” rating to a “c+” rating in a Friday, July 8 research note. StockNews.com began covering WD-40 shares in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, DA Davidson reduced his price target on WD-40 shares from $172.00 to $169.00 and set a “neutral” rating on the stock in a Friday, July 8 research note.

NASDAQ: WDFC opened at $170.13 on Thursday. The stock has a market capitalization of $2.32 billion, a P/E ratio of 38.40 and a beta of -0.17. The company has a debt ratio of 0.56, a current ratio of 2.51 and a quick ratio of 1.51. The company has a fifty-day moving average price of $186.95 and a 200-day moving average price of $200.96. WD-40 has a one-year low of $164.01 and a one-year high of $258.72.

WD-40 (NASDAQ: WDFC – Get Rating) last released its quarterly results on Thursday, July 7. The specialty chemicals company reported earnings per share of $1.07 for the quarter, missing the consensus estimate of $1.27 per ($0.20). 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 a consensus estimate of $142.80 million. In the same period a year earlier, the company had earned earnings per share of $1.52. WD-40 sales decreased 9.3% compared to the same quarter last year. As a group, equity research analysts expect WD-40 to post an EPS of 5.08 for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29. Investors of record on Friday, July 15 will receive a dividend of $0.78 per share. The ex-dividend date is Thursday July 14. This represents a dividend of $3.12 on an annualized basis and a yield of 1.83%. The dividend payout ratio (DPR) of WD-40 is 70.43%.

WD-40 Company 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 aerosol, non-aerosol trigger spray 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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