California Public Employees Retirement System lowered its position in shares of WD-40 Company (NASDAQ:WDFC) by 5.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 43,800 shares of the specialty chemicals company’s stock after selling 2,700 shares during the period. California Public Employees Retirement System owned 0.31% of WD-40 worth $4,772,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in shares of WD-40 during the fourth quarter valued at about $1,988,000. Comerica Bank boosted its stake in shares of WD-40 by 5.2% in the fourth quarter. Comerica Bank now owns 15,110 shares of the specialty chemicals company’s stock valued at $1,554,000 after buying an additional 752 shares during the period. State Street Corp boosted its stake in shares of WD-40 by 8.1% in the fourth quarter. State Street Corp now owns 339,636 shares of the specialty chemicals company’s stock valued at $39,699,000 after buying an additional 25,556 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of WD-40 by 14.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,220 shares of the specialty chemicals company’s stock valued at $610,000 after buying an additional 663 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in shares of WD-40 during the fourth quarter valued at about $757,000. 82.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of WD-40 Company (NASDAQ WDFC) traded up 0.81% during midday trading on Monday, reaching $105.65. The company’s stock had a trading volume of 49,500 shares. The company has a 50 day moving average price of $109.16 and a 200-day moving average price of $107.37. The stock has a market capitalization of $1.48 billion, a PE ratio of 28.55 and a beta of 0.73. WD-40 Company has a 52 week low of $100.60 and a 52 week high of $121.10.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Monday, July 10th. The specialty chemicals company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.11. The company had revenue of $98.20 million during the quarter, compared to the consensus estimate of $99.09 million. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. WD-40’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, equities research analysts expect that WD-40 Company will post $3.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 21st were issued a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.96 dividend on an annualized basis and a yield of 1.86%. WD-40’s payout ratio is 52.97%.

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Several brokerages have recently issued reports on WDFC. BidaskClub raised WD-40 from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research cut WD-40 from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. FBR & Co reaffirmed a “marketperform” rating on shares of WD-40 in a report on Tuesday, July 11th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $116.00 target price on shares of WD-40 in a report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $111.50.

In other WD-40 news, VP Jay Rembolt sold 621 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $108.00, for a total value of $67,068.00. Following the completion of the sale, the vice president now owns 36,428 shares in the company, valued at approximately $3,934,224. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 1,854 shares of company stock valued at $203,928. 3.90% of the stock is owned by insiders.

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)

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