New York State Common Retirement Fund lifted its position in shares of WD-40 Company (NASDAQ:WDFC) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,952 shares of the specialty chemicals company’s stock after purchasing an additional 1,251 shares during the period. New York State Common Retirement Fund owned 0.11% of WD-40 worth $1,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans lifted its position in shares of WD-40 by 7.7% during the second quarter. Thrivent Financial For Lutherans now owns 8,500 shares of the specialty chemicals company’s stock valued at $938,000 after purchasing an additional 610 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of WD-40 by 4.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,232 shares of the specialty chemicals company’s stock valued at $246,000 after purchasing an additional 95 shares in the last quarter. Amalgamated Bank lifted its position in shares of WD-40 by 3.5% during the second quarter. Amalgamated Bank now owns 1,928 shares of the specialty chemicals company’s stock valued at $213,000 after purchasing an additional 65 shares in the last quarter. Bruderman Asset Management LLC lifted its position in shares of WD-40 by 5.4% during the second quarter. Bruderman Asset Management LLC now owns 3,429 shares of the specialty chemicals company’s stock valued at $378,000 after purchasing an additional 176 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of WD-40 by 6.5% during the second quarter. Teachers Advisors LLC now owns 25,532 shares of the specialty chemicals company’s stock valued at $2,817,000 after purchasing an additional 1,563 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

In other WD-40 news, VP Jay Rembolt sold 676 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $112.60, for a total transaction of $76,117.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.90% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “WD-40 Company (WDFC) Position Lifted by New York State Common Retirement Fund” was published by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/10/28/wd-40-company-wdfc-position-lifted-by-new-york-state-common-retirement-fund.html.

Shares of WD-40 Company (NASDAQ WDFC) opened at 111.35 on Friday. WD-40 Company has a 12-month low of $100.60 and a 12-month high of $119.90. The stock has a market cap of $1.56 billion, a P/E ratio of 30.09 and a beta of 0.72. The company’s 50-day moving average is $111.32 and its 200-day moving average is $107.90.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.04. The business had revenue of $96.60 million for the quarter, compared to analysts’ expectations of $106.01 million. WD-40 had a net margin of 13.91% and a return on equity of 39.82%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. On average, equities research analysts anticipate that WD-40 Company will post $3.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 20th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, October 19th. WD-40’s dividend payout ratio is currently 52.69%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of WD-40 from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Friday, August 18th. BidaskClub lowered shares of WD-40 from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, FBR & Co reissued a “marketperform” rating on shares of WD-40 in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $117.25.

About WD-40

WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.

Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

Receive News & Ratings for WD-40 Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 Company and related companies with MarketBeat.com's FREE daily email newsletter.