Teacher Retirement System of Texas Has $5.13 Million Holdings in WD-40 Company $WDFC

Teacher Retirement System of Texas lifted its holdings in shares of WD-40 Company (NASDAQ:WDFC) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,499 shares of the specialty chemicals company’s stock after purchasing an additional 702 shares during the period. Teacher Retirement System of Texas’ holdings in WD-40 were worth $5,132,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of WDFC. Ameritas Advisory Services LLC acquired a new position in shares of WD-40 during the second quarter worth $30,000. Covestor Ltd lifted its holdings in shares of WD-40 by 49.3% during the first quarter. Covestor Ltd now owns 306 shares of the specialty chemicals company’s stock worth $75,000 after purchasing an additional 101 shares during the period. GAMMA Investing LLC lifted its holdings in shares of WD-40 by 17.0% during the first quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company’s stock worth $114,000 after purchasing an additional 68 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in WD-40 by 17.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 522 shares of the specialty chemicals company’s stock valued at $127,000 after buying an additional 76 shares during the period. Finally, State of Wyoming lifted its holdings in WD-40 by 22.2% in the first quarter. State of Wyoming now owns 566 shares of the specialty chemicals company’s stock valued at $138,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $194.28 on Friday. The firm’s 50-day moving average price is $203.58 and its 200-day moving average price is $220.91. WD-40 Company has a 1-year low of $187.40 and a 1-year high of $292.36. The firm has a market capitalization of $2.63 billion, a P/E ratio of 29.08 and a beta of 0.09. The company has a current ratio of 2.79, a quick ratio of 2.01 and a debt-to-equity ratio of 0.32.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Wednesday, October 22nd. The specialty chemicals company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.30. WD-40 had a net margin of 14.68% and a return on equity of 31.84%. The firm had revenue of $163.47 million for the quarter, compared to analyst estimates of $153.90 million. During the same quarter in the prior year, the business earned $1.23 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. Equities research analysts anticipate that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 20th were issued a dividend of $0.94 per share. The ex-dividend date was Monday, October 20th. This represents a $3.76 annualized dividend and a dividend yield of 1.9%. WD-40’s dividend payout ratio is currently 56.29%.

Analysts Set New Price Targets

Several research firms recently issued reports on WDFC. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. DA Davidson dropped their target price on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, WD-40 has a consensus rating of “Moderate Buy” and a consensus target price of $300.00.

Insider Activity

In related news, CEO Steven A. Brass acquired 362 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were purchased at an average price of $200.46 per share, for a total transaction of $72,566.52. Following the completion of the acquisition, the chief executive officer owned 33,761 shares of the company’s stock, valued at approximately $6,767,730.06. This trade represents a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Etchart acquired 500 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $194.02 per share, for a total transaction of $97,010.00. Following the acquisition, the director directly owned 8,370 shares of the company’s stock, valued at approximately $1,623,947.40. This trade represents a 6.35% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 2,640 shares of company stock valued at $522,765. Corporate insiders own 0.75% of the company’s stock.

WD-40 Profile

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.