New York State Teachers Retirement System lowered its position in shares of WD-40 Co. (NASDAQ:WDFC) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 50,660 shares of the company’s stock after selling 300 shares during the period. New York State Teachers Retirement System’s holdings in WD-40 were worth $5,950,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in WD-40 by 7.2% in the first quarter. Renaissance Technologies LLC now owns 708,000 shares of the company’s stock worth $76,471,000 after buying an additional 47,400 shares during the period. State Street Corp boosted its stake in WD-40 by 2.6% in the first quarter. State Street Corp now owns 302,387 shares of the company’s stock worth $32,663,000 after buying an additional 7,553 shares during the period. BB&T Securities LLC boosted its stake in WD-40 by 12.6% in the first quarter. BB&T Securities LLC now owns 7,273 shares of the company’s stock worth $785,000 after buying an additional 814 shares during the period. Menta Capital LLC purchased a new stake in WD-40 during the first quarter worth approximately $799,000. Finally, JPMorgan Chase & Co. boosted its stake in WD-40 by 2.6% in the first quarter. JPMorgan Chase & Co. now owns 8,819 shares of the company’s stock worth $952,000 after buying an additional 221 shares during the period. Institutional investors own 75.97% of the company’s stock.
WD-40 Co. (NASDAQ:WDFC) traded up 0.41% during mid-day trading on Friday, reaching $112.43. The company’s stock had a trading volume of 75,583 shares. WD-40 Co. has a one year low of $90.00 and a one year high of $125.00. The stock has a 50-day moving average price of $116.53 and a 200-day moving average price of $112.18. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 32.59 and a beta of 0.69.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, July 7th. The company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. The firm earned $96.40 million during the quarter. WD-40 had a return on equity of 32.92% and a net margin of 13.35%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. Equities research analysts forecast that WD-40 Co. will post $3.47 EPS for the current year.
A number of analysts recently commented on the company. Zacks Investment Research cut WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. B. Riley reissued a “neutral” rating and set a $106.00 price target on shares of WD-40 in a report on Monday, July 11th. Finally, Jefferies Group began coverage on WD-40 in a report on Thursday, August 25th. They set a “hold” rating and a $120.00 price target for the company.
In other news, Director Mario L. Crivello sold 9,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $120.06, for a total value of $1,080,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey Holdsworth sold 1,427 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $120.27, for a total value of $171,625.29. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.
WD-40 Company, is a global consumer Products Company. As of August 31, 2012, the Company’s products included WD-40 Smart Straw, WD-40 Trigger Pro, 3-IN-ONE Professional Garage Door Lube, Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product, and a mildew stain remover under the X-14 brand.
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