WD-40 Company $WDFC Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of WD-40 Company (NASDAQ:WDFC) by 13.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 48,262 shares of the specialty chemicals company’s stock after selling 7,323 shares during the period. Envestnet Asset Management Inc. owned about 0.36% of WD-40 worth $9,537,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new stake in WD-40 in the 3rd quarter valued at $28,000. 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 buying an additional 106 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in WD-40 in the 3rd quarter valued at about $97,000. Covestor Ltd increased its holdings 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 purchasing an additional 499 shares during the last quarter. Finally, State of Wyoming lifted its position in WD-40 by 115.6% during the third quarter. State of Wyoming now owns 565 shares of the specialty chemicals company’s stock worth $112,000 after buying an additional 303 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WDFC has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, January 21st. DA Davidson set a $300.00 price objective on shares of WD-40 in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, WD-40 currently has an average rating of “Moderate Buy” and an average target price of $300.00.

Insider Transactions at WD-40

In related news, Director David Pendarvis purchased 424 shares of WD-40 stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of $247.15 per share, for a total transaction of $104,791.60. Following the transaction, the director owned 6,898 shares in the company, valued at approximately $1,704,840.70. The trade was a 6.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.78% of the company’s stock.

WD-40 Stock Up 0.5%

Shares of WDFC opened at $242.37 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.05 and a current ratio of 2.97. WD-40 Company has a 1 year low of $175.38 and a 1 year high of $253.48. The stock has a market capitalization of $3.27 billion, a PE ratio of 36.89 and a beta of 0.18. The company’s 50-day simple moving average is $214.26 and its 200-day simple moving average is $207.51.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.17). WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The company had revenue of $154.42 million for the quarter, compared to analyst estimates of $155.10 million. During the same period in the prior year, the firm posted $1.39 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. Analysts forecast that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Increases Dividend

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

About WD-40

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.