WD-40 Company (WDFC) Position Boosted by Teachers Advisors LLC
Teachers Advisors LLC increased its holdings in WD-40 Company (NASDAQ:WDFC) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,532 shares of the specialty chemicals company’s stock after buying an additional 1,563 shares during the quarter. Teachers Advisors LLC owned about 0.18% of WD-40 worth $2,817,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Symphony Asset Management LLC grew its holdings in WD-40 by 3.9% in the 2nd quarter. Symphony Asset Management LLC now owns 4,003 shares of the specialty chemicals company’s stock worth $442,000 after buying an additional 150 shares in the last quarter. Summit Global Investments boosted its stake in WD-40 by 39.4% during the 2nd quarter. Summit Global Investments now owns 4,600 shares of the specialty chemicals company’s stock valued at $508,000 after purchasing an additional 1,300 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in WD-40 by 45.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,166 shares of the specialty chemicals company’s stock valued at $129,000 after purchasing an additional 366 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in WD-40 by 7.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 357,835 shares of the specialty chemicals company’s stock valued at $39,487,000 after purchasing an additional 24,736 shares in the last quarter. Finally, South Dakota Investment Council bought a new position in WD-40 during the 2nd quarter valued at $463,000. 80.59% of the stock is owned by institutional investors and hedge funds.
In related news, VP Jay Rembolt sold 676 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $112.60, for a total value of $76,117.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.90% of the company’s stock.
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WD-40 Company (NASDAQ:WDFC) opened at 114.70 on Thursday. The firm’s 50-day moving average price is $111.16 and its 200-day moving average price is $107.74. WD-40 Company has a 52 week low of $100.60 and a 52 week high of $119.90. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 30.99 and a beta of 0.72.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 20th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, October 19th. WD-40’s dividend payout ratio is currently 52.97%.
A number of brokerages have issued reports on WDFC. Zacks Investment Research raised WD-40 from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research note on Friday, August 18th. BidaskClub lowered WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, FBR & Co reaffirmed a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $111.75.
WD-40 Company Profile
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.
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