Thrivent Financial for Lutherans Has $2.47 Million Stake in WD-40 (NASDAQ:WDFC)

Thrivent Financial for Lutherans reduced its holdings in WD-40 (NASDAQ:WDFC) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,251 shares of the specialty chemicals company’s stock after selling 514 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of WD-40 worth $2,471,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of WDFC. Vanguard Group Inc. raised its position in WD-40 by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock valued at $411,374,000 after purchasing an additional 6,532 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in WD-40 by 0.6% during the 1st quarter. Conestoga Capital Advisors LLC now owns 316,272 shares of the specialty chemicals company’s stock worth $80,115,000 after buying an additional 1,910 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of WD-40 by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 307,097 shares of the specialty chemicals company’s stock worth $67,452,000 after purchasing an additional 5,893 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of WD-40 by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 142,222 shares of the specialty chemicals company’s stock valued at $31,238,000 after purchasing an additional 3,458 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of WD-40 by 13.7% during the second quarter. Jupiter Asset Management Ltd. now owns 92,005 shares of the specialty chemicals company’s stock valued at $20,208,000 after purchasing an additional 11,112 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson decreased their price objective on WD-40 from $313.00 to $303.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th.

WD-40 Stock Performance

Shares of NASDAQ:WDFC opened at $257.88 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. WD-40 has a 1-year low of $194.09 and a 1-year high of $278.78. The stock has a market capitalization of $3.49 billion, a P/E ratio of 50.66 and a beta of -0.08. The business has a 50-day moving average price of $256.27 and a two-hundred day moving average price of $241.61.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Wednesday, July 10th. The specialty chemicals company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. WD-40 had a net margin of 12.07% and a return on equity of 32.43%. The business had revenue of $155.05 million during the quarter, compared to the consensus estimate of $145.80 million. During the same period in the previous year, the firm posted $1.38 earnings per share. WD-40’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts predict that WD-40 will post 5.22 earnings per share for the current year.

About WD-40

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.