Teacher Retirement System of Texas Makes New $1.19 Million Investment in WD-40 (NASDAQ:WDFC)

Teacher Retirement System of Texas purchased a new stake in WD-40 (NASDAQ:WDFC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,913 shares of the specialty chemicals company's stock, valued at approximately $1,192,000.

Several other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of WD-40 by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company's stock valued at $37,512,000 after acquiring an additional 3,960 shares in the last quarter. Citigroup Inc. increased its holdings in shares of WD-40 by 65.0% during the 3rd quarter. Citigroup Inc. now owns 17,958 shares of the specialty chemicals company's stock valued at $4,631,000 after acquiring an additional 7,077 shares during the last quarter. Cerity Partners LLC raised its position in shares of WD-40 by 37.8% in the third quarter. Cerity Partners LLC now owns 2,343 shares of the specialty chemicals company's stock valued at $604,000 after purchasing an additional 643 shares during the period. D.A. Davidson & CO. acquired a new position in WD-40 during the 3rd quarter worth $205,000. Finally, Quantbot Technologies LP boosted its holdings in WD-40 by 210.9% during the third quarter. Quantbot Technologies LP now owns 8,417 shares of the specialty chemicals company's stock valued at $2,171,000 after acquiring an additional 5,710 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a "buy" rating and set a $322.00 price target on shares of WD-40 in a report on Monday, January 27th.

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WD-40 Stock Performance

Shares of WDFC traded down $1.14 during trading hours on Tuesday, reaching $242.86. 39,187 shares of the company traded hands, compared to its average volume of 110,642. The stock's fifty day moving average is $236.73 and its 200 day moving average is $252.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The stock has a market cap of $3.29 billion, a P/E ratio of 46.53 and a beta of -0.10. WD-40 has a 1-year low of $211.03 and a 1-year high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. During the same period last year, the company posted $1.28 earnings per share. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts anticipate that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a $0.94 dividend. The ex-dividend date is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.55%. WD-40's payout ratio is 72.03%.

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.