Louisiana State Employees Retirement System held its position in shares of WD-40 Co. (NASDAQ:WDFC) during the second quarter, Holdings Channel reports. The firm owned 5,900 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in WD-40 were worth $693,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of WD-40 by 121.0% in the first quarter. BlackRock Inc. now owns 977 shares of the company’s stock valued at $105,000 after buying an additional 535 shares during the period. Bank of Montreal Can bought a new stake in shares of WD-40 during the second quarter valued at about $131,000. Magnetar Financial LLC bought a new stake in shares of WD-40 during the first quarter valued at about $240,000. BNP Paribas Arbitrage SA increased its stake in shares of WD-40 by 106.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,596 shares of the company’s stock valued at $540,000 after buying an additional 2,375 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of WD-40 during the first quarter valued at about $588,000. 75.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of WD-40 Co. (NASDAQ:WDFC) traded down 0.13% during mid-day trading on Wednesday, hitting $112.36. The stock had a trading volume of 143,346 shares. The stock has a market cap of $1.60 billion, a P/E ratio of 32.57 and a beta of 0.71. WD-40 Co. has a 52 week low of $90.31 and a 52 week high of $125.00. The stock has a 50-day moving average price of $115.75 and a 200 day moving average price of $112.52.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 21st will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, October 19th. WD-40’s dividend payout ratio (DPR) is currently 48.70%.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded WD-40 from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Jefferies Group assumed coverage on WD-40 in a report on Thursday, August 25th. They issued a “hold” rating and a $120.00 price target for the company. Finally, B. Riley reiterated a “neutral” rating and issued a $106.00 price target on shares of WD-40 in a report on Wednesday, July 6th.
In other WD-40 news, Director Geoffrey Holdsworth sold 1,427 shares of WD-40 stock in a transaction on Friday, July 15th. The shares were sold at an average price of $120.27, for a total transaction of $171,625.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William B. Noble sold 1,000 shares of WD-40 stock in a transaction on Friday, August 5th. The shares were sold at an average price of $115.14, for a total transaction of $115,140.00. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.
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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