Envestnet Portfolio Solutions Inc. Purchases 771 Shares of WD-40 Company $WDFC

Envestnet Portfolio Solutions Inc. boosted its position in shares of WD-40 Company (NASDAQ:WDFC) by 80.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,726 shares of the specialty chemicals company’s stock after buying an additional 771 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in WD-40 were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in WD-40 by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 568,302 shares of the specialty chemicals company’s stock worth $138,666,000 after acquiring an additional 4,672 shares in the last quarter. Alliancebernstein L.P. raised its position in WD-40 by 1,767.7% during the first quarter. Alliancebernstein L.P. now owns 448,180 shares of the specialty chemicals company’s stock worth $109,356,000 after acquiring an additional 424,183 shares in the last quarter. Geneva Capital Management LLC raised its position in WD-40 by 18.7% during the first quarter. Geneva Capital Management LLC now owns 248,197 shares of the specialty chemicals company’s stock worth $60,560,000 after acquiring an additional 39,137 shares in the last quarter. Invesco Ltd. raised its position in WD-40 by 122.0% during the first quarter. Invesco Ltd. now owns 162,181 shares of the specialty chemicals company’s stock worth $39,572,000 after acquiring an additional 89,120 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in WD-40 during the first quarter worth $23,556,000. 91.52% of the stock is owned by institutional investors.

WD-40 Price Performance

NASDAQ:WDFC opened at $200.98 on Thursday. WD-40 Company has a one year low of $187.40 and a one year high of $292.36. The company has a market cap of $2.72 billion, a P/E ratio of 31.65 and a beta of 0.09. The firm’s fifty day moving average price is $206.77 and its two-hundred day moving average price is $222.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Wednesday, October 22nd. The specialty chemicals company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.26 by $0.30. WD-40 had a net margin of 14.13% and a return on equity of 31.23%. The firm had revenue of $163.47 million for the quarter, compared to the consensus estimate of $153.90 million. During the same period in the previous year, the company earned $1.23 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. Equities analysts expect that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be paid a $0.94 dividend. The ex-dividend date is Monday, October 20th. This represents a $3.76 annualized dividend and a dividend yield of 1.9%. WD-40’s dividend payout ratio is 59.21%.

Analysts Set New Price Targets

WDFC has been the topic of several analyst reports. DA Davidson dropped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $300.00.

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.