Teachers Retirement System of The State of Kentucky Sells 9,599 Shares of WD-40 Company $WDFC

Teachers Retirement System of The State of Kentucky decreased its position in shares of WD-40 Company (NASDAQ:WDFC) by 71.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,819 shares of the specialty chemicals company’s stock after selling 9,599 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in WD-40 were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. HM Payson & Co. acquired a new stake in WD-40 during the 3rd quarter valued at $28,000. Bessemer Group Inc. boosted its stake in WD-40 by 340.5% in the third quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 126 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of WD-40 by 207.8% during the second quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 106 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of WD-40 in the third quarter valued at $97,000. Finally, Covestor Ltd increased its stake in shares of WD-40 by 49,900.0% in the third quarter. Covestor Ltd now owns 500 shares of the specialty chemicals company’s stock valued at $99,000 after buying an additional 499 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WD-40

In other WD-40 news, Director David Pendarvis acquired 424 shares of WD-40 stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of $247.15 per share, with a total value of $104,791.60. Following the completion of the purchase, the director owned 6,898 shares in the company, valued at $1,704,840.70. The trade was a 6.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.78% of the company’s stock.

WD-40 Trading Up 0.2%

Shares of WDFC opened at $236.32 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.97 and a debt-to-equity ratio of 0.32. WD-40 Company has a 12-month low of $175.38 and a 12-month high of $253.48. The firm has a market capitalization of $3.19 billion, a PE ratio of 35.97 and a beta of 0.17. The stock’s fifty day simple moving average is $223.35 and its 200-day simple moving average is $209.28.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.27). The firm had revenue of $154.42 million during the quarter, compared to analyst estimates of $155.10 million. WD-40 had a return on equity of 30.10% and a net margin of 14.42%.WD-40’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. As a group, research analysts predict that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were issued a $1.02 dividend. This is an increase from WD-40’s previous quarterly dividend of $0.94. This represents a $4.08 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, January 16th. WD-40’s dividend payout ratio (DPR) is currently 62.10%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. DA Davidson set a $300.00 price target on shares of WD-40 in a research report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $300.00.

WD-40 Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.