Envestnet Asset Management Inc. Cuts Stake in WD-40 Company $WDFC

Envestnet Asset Management Inc. decreased its stake in WD-40 Company (NASDAQ:WDFC) by 13.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 48,262 shares of the specialty chemicals company’s stock after selling 7,323 shares during the quarter. Envestnet Asset Management Inc.’s holdings in WD-40 were worth $9,537,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WDFC. State of Wyoming boosted its holdings in WD-40 by 115.6% in the 3rd quarter. State of Wyoming now owns 565 shares of the specialty chemicals company’s stock worth $112,000 after acquiring an additional 303 shares during the period. Jones Financial Companies Lllp raised its stake in shares of WD-40 by 47.5% during the third quarter. Jones Financial Companies Lllp now owns 870 shares of the specialty chemicals company’s stock valued at $173,000 after purchasing an additional 280 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of WD-40 by 19.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,632 shares of the specialty chemicals company’s stock worth $322,000 after purchasing an additional 266 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of WD-40 in the third quarter valued at $721,000. Finally, TrueMark Investments LLC grew its holdings in WD-40 by 151.6% during the 3rd quarter. TrueMark Investments LLC now owns 13,879 shares of the specialty chemicals company’s stock valued at $2,742,000 after purchasing an additional 8,363 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Stock Up 0.5%

NASDAQ: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. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 36.89 and a beta of 0.18. WD-40 Company has a one year low of $175.38 and a one year high of $253.48. The stock has a 50-day simple moving average of $214.26 and a 200 day simple moving average of $207.51.

WD-40 (NASDAQ:WDFC) last released its earnings results 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). The firm had revenue of $154.42 million for the quarter, compared to the consensus estimate of $155.10 million. WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. Sell-side analysts predict that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a $1.02 dividend. This is a boost from WD-40’s previous quarterly dividend of $0.94. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. WD-40’s dividend payout ratio is presently 62.10%.

Insiders Place Their Bets

In other WD-40 news, Director David Pendarvis purchased 424 shares of WD-40 stock in a transaction dated Thursday, February 5th. The shares were 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 $1,704,840.70. This represents a 6.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. DA Davidson set a $300.00 price objective on shares of WD-40 in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $300.00.

WD-40 Profile

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.