Louisiana State Employees Retirement System Maintains Position in WD-40 Company (NASDAQ:WDFC)

Louisiana State Employees Retirement System maintained its stake in shares of WD-40 Company (NASDAQ:WDFC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,700 shares of the specialty chemicals company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in WD-40 were worth $629,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Glen Harbor Capital Management LLC boosted its stake in shares of WD-40 by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 946 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 22 shares in the last quarter. Elkfork Partners LLC boosted its stake in shares of WD-40 by 2.4% in the first quarter. Elkfork Partners LLC now owns 1,204 shares of the specialty chemicals company’s stock worth $131,000 after buying an additional 28 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of WD-40 during the first quarter worth approximately $132,000. Meadow Creek Investment Management LLC boosted its stake in shares of WD-40 by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 1,462 shares of the specialty chemicals company’s stock worth $159,000 after buying an additional 34 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of WD-40 by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,560 shares of the specialty chemicals company’s stock worth $169,000 after buying an additional 20 shares in the last quarter. 79.42% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Company (NASDAQ:WDFC) opened at 105.25 on Friday. WD-40 Company has a one year low of $100.60 and a one year high of $121.10. The company has a 50-day moving average of $106.95 and a 200-day moving average of $107.44. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.44 and a beta of 0.73.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.11. The company had revenue of $98.20 million for the quarter, compared to analyst estimates of $99.09 million. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. WD-40’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. On average, equities analysts forecast that WD-40 Company will post $3.68 EPS for the current fiscal year.

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

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A number of analysts have recently commented on WDFC shares. Zacks Investment Research raised WD-40 from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research report on Thursday, May 11th. BidaskClub raised WD-40 from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, FBR & Co reissued a “marketperform” rating on shares of WD-40 in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $111.25.

In other WD-40 news, VP Jay Rembolt sold 621 shares of the firm’s stock in a transaction that occurred on 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 directly owns 36,428 shares in the company, valued at $3,934,224. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 1,854 shares of company stock valued at $203,928. 3.90% of the stock is owned by insiders.

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.

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

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