Thrivent Financial for Lutherans Has $4.13 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

Thrivent Financial for Lutherans boosted its position in shares of WD-40 (NASDAQ:WDFC) by 42.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,026 shares of the specialty chemicals company’s stock after purchasing an additional 4,775 shares during the period. Thrivent Financial for Lutherans owned 0.12% of WD-40 worth $4,133,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WDFC. Profit Investment Management LLC lifted its holdings in WD-40 by 0.3% in the second quarter. Profit Investment Management LLC now owns 16,067 shares of the specialty chemicals company’s stock valued at $3,529,000 after buying an additional 43 shares during the period. Covestor Ltd increased its stake in WD-40 by 41.3% during the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 66 shares in the last quarter. Arizona State Retirement System raised its holdings in WD-40 by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 3,794 shares of the specialty chemicals company’s stock worth $833,000 after buying an additional 68 shares during the period. GAMMA Investing LLC lifted its stake in WD-40 by 34.9% in the third quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock valued at $84,000 after buying an additional 84 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in WD-40 by 28.9% in the third quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company’s stock valued at $101,000 after buying an additional 88 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at WD-40

In other news, Director William B. Noble sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the completion of the sale, the director now directly owns 7,999 shares of the company’s stock, valued at $2,317,310.30. This trade represents a 11.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is currently owned by insiders.

WD-40 Trading Up 2.1 %

WD-40 stock opened at $283.95 on Monday. The business has a 50-day simple moving average of $265.48 and a two-hundred day simple moving average of $249.06. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.85 billion, a P/E ratio of 55.57 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). The business had revenue of $156.00 million for the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 EPS. Analysts predict that WD-40 will post 5.36 EPS for the current year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, October 18th. WD-40’s dividend payout ratio is presently 68.88%.

Wall Street Analysts Forecast Growth

WDFC has been the topic of a number of recent research reports. Jefferies Financial Group increased their target price on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. DA Davidson reaffirmed a “buy” rating and issued a $322.00 price target on shares of WD-40 in a report on Monday, November 18th.

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.