Thrivent Financial for Lutherans Sells 514 Shares of WD-40 (NASDAQ:WDFC)

Thrivent Financial for Lutherans lowered its position in shares of WD-40 (NASDAQ:WDFC) by 4.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,251 shares of the specialty chemicals company’s stock after selling 514 shares during the quarter. Thrivent Financial for Lutherans’ holdings in WD-40 were worth $2,471,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of WD-40 in the 4th quarter valued at $19,697,000. Jupiter Asset Management Ltd. acquired a new position in WD-40 in the first quarter valued at about $20,491,000. Lord Abbett & CO. LLC bought a new stake in shares of WD-40 in the first quarter worth about $4,180,000. Lazard Asset Management LLC raised its position in shares of WD-40 by 83.6% during the first quarter. Lazard Asset Management LLC now owns 26,226 shares of the specialty chemicals company’s stock worth $6,642,000 after purchasing an additional 11,939 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of WD-40 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock valued at $411,374,000 after purchasing an additional 6,532 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $257.88 on Tuesday. The company has a fifty day moving average price of $256.27 and a 200 day moving average price of $241.61. The firm has a market cap of $3.49 billion, a PE ratio of 50.66 and a beta of -0.08. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. WD-40 has a 1-year low of $194.09 and a 1-year high of $278.78.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Wednesday, July 10th. The specialty chemicals company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $155.05 million during the quarter, compared to the consensus estimate of $145.80 million. WD-40 had a return on equity of 32.43% and a net margin of 12.07%. WD-40’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.38 earnings per share. Research analysts predict that WD-40 will post 5.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, DA Davidson dropped their target price on shares of WD-40 from $313.00 to $303.00 and set a “buy” rating on the stock in a report on Thursday, July 11th.

WD-40 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.