WD-40 Company (NASDAQ:WDFC) Position Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of WD-40 Company (NASDAQ:WDFC) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,556 shares of the specialty chemicals company’s stock after selling 3,923 shares during the period. Envestnet Asset Management Inc. owned about 0.42% of WD-40 worth $14,044,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of WD-40 by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 1,627,684 shares of the specialty chemicals company’s stock valued at $395,006,000 after acquiring an additional 16,763 shares during the period. Geode Capital Management LLC boosted its holdings in shares of WD-40 by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 385,779 shares of the specialty chemicals company’s stock valued at $93,638,000 after acquiring an additional 7,664 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of WD-40 by 1.0% during the fourth quarter. Renaissance Technologies LLC now owns 227,661 shares of the specialty chemicals company’s stock valued at $55,249,000 after acquiring an additional 2,300 shares during the period. Norges Bank acquired a new position in shares of WD-40 during the fourth quarter valued at $54,571,000. Finally, Millennium Management LLC boosted its holdings in shares of WD-40 by 206.9% during the fourth quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company’s stock valued at $38,381,000 after acquiring an additional 106,617 shares during the period. Institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reduced their price target on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating for the company in a report on Friday, July 11th.

WD-40 Stock Performance

Shares of WDFC opened at $217.85 on Friday. WD-40 Company has a 1 year low of $208.00 and a 1 year high of $292.36. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 34.31 and a beta of 0.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.02 and a current ratio of 2.84. The firm has a fifty day moving average of $237.74 and a 200-day moving average of $235.04.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. The firm had revenue of $156.92 million during the quarter, compared to analyst estimates of $160.60 million. WD-40 had a net margin of 14.13% and a return on equity of 31.23%. WD-40’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 EPS. As a group, equities analysts anticipate that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be given a $0.94 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a yield of 1.73%. WD-40’s dividend payout ratio is presently 59.21%.

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.