Y Intercept Hong Kong Ltd Buys New Position in WD-40 Company $WDFC

Y Intercept Hong Kong Ltd purchased a new position in shares of WD-40 Company (NASDAQ:WDFC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,649 shares of the specialty chemicals company’s stock, valued at approximately $721,000.

A number of other institutional investors have also made changes to their positions in WDFC. TrueMark Investments LLC boosted its holdings in WD-40 by 151.6% during the third quarter. TrueMark Investments LLC now owns 13,879 shares of the specialty chemicals company’s stock worth $2,742,000 after purchasing an additional 8,363 shares during the last quarter. Teacher Retirement System of Texas lifted its position in WD-40 by 1.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 22,862 shares of the specialty chemicals company’s stock worth $4,518,000 after buying an additional 363 shares in the last quarter. Covestor Ltd boosted its stake in shares of WD-40 by 49,900.0% during the 3rd quarter. Covestor Ltd now owns 500 shares of the specialty chemicals company’s stock worth $99,000 after buying an additional 499 shares during the last quarter. Vest Financial LLC boosted its stake in shares of WD-40 by 164.9% during the 3rd quarter. Vest Financial LLC now owns 11,876 shares of the specialty chemicals company’s stock worth $2,347,000 after buying an additional 7,393 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of WD-40 by 3.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,865 shares of the specialty chemicals company’s stock valued at $362,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Up 0.4%

WDFC stock opened at $232.13 on Tuesday. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $253.48. The business’s 50 day simple moving average is $202.87 and its 200 day simple moving average is $205.15. The company has a current ratio of 2.97, a quick ratio of 2.05 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.13 billion, a PE ratio of 35.33 and a beta of 0.18.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data 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 company 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. As a group, research analysts anticipate that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 1.8%. This is an increase from WD-40’s previous quarterly dividend of $0.94. WD-40’s payout ratio is currently 62.10%.

Analysts Set New Price Targets

Several brokerages recently commented on WDFC. Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. DA Davidson set a $300.00 target price on shares of WD-40 in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.