Envestnet Asset Management Inc. Has $14.04 Million Stock Holdings in WD-40 Company (NASDAQ:WDFC)

Envestnet Asset Management Inc. decreased its stake in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the 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 0.42% of WD-40 worth $14,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDFC. Wealth Enhancement Advisory Services LLC grew its holdings in WD-40 by 36.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,830 shares of the specialty chemicals company's stock valued at $447,000 after purchasing an additional 491 shares in the last quarter. KBC Group NV grew its holdings in WD-40 by 8.9% during the 1st quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock valued at $146,000 after purchasing an additional 49 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in WD-40 by 15.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,789 shares of the specialty chemicals company's stock valued at $1,168,000 after purchasing an additional 645 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in WD-40 by 37.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,299 shares of the specialty chemicals company's stock valued at $563,000 after purchasing an additional 627 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in WD-40 by 17.0% during the 1st quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company's stock valued at $114,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Stock Up 1.1%

Shares of WDFC stock traded up $2.43 during trading on Tuesday, hitting $217.72. 162,630 shares of the company were exchanged, compared to its average volume of 122,189. 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 market capitalization of $2.95 billion, a price-to-earnings ratio of 34.29 and a beta of 0.14. The business's 50-day simple moving average is $237.30 and its 200 day simple moving average is $234.78. WD-40 Company has a twelve month low of $208.00 and a twelve month high of $292.36.

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

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.73%. The ex-dividend date is Friday, July 18th. WD-40's dividend payout ratio (DPR) is presently 59.21%.

Wall Street Analyst Weigh In

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

WD-40 Company Profile

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.