WD-40 Company $WDFC Shares Acquired by Royce & Associates LP

Royce & Associates LP lifted its position in WD-40 Company (NASDAQ:WDFC) by 1,308.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,670 shares of the specialty chemicals company’s stock after acquiring an additional 18,273 shares during the period. Royce & Associates LP owned 0.15% of WD-40 worth $3,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vest Financial LLC raised its stake in shares of WD-40 by 164.9% in the third quarter. Vest Financial LLC now owns 11,876 shares of the specialty chemicals company’s stock worth $2,347,000 after purchasing an additional 7,393 shares during the last quarter. Inceptionr LLC increased its holdings in WD-40 by 160.7% in the 2nd quarter. Inceptionr LLC now owns 2,711 shares of the specialty chemicals company’s stock worth $618,000 after buying an additional 1,671 shares during the period. Geode Capital Management LLC raised its position in WD-40 by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 399,186 shares of the specialty chemicals company’s stock worth $91,059,000 after buying an additional 5,621 shares during the last quarter. Walleye Capital LLC acquired a new stake in WD-40 during the 2nd quarter valued at approximately $5,695,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of WD-40 by 246.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,220 shares of the specialty chemicals company’s stock valued at $734,000 after acquiring an additional 2,290 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WDFC shares. DA Davidson set a $300.00 target price on shares of WD-40 in a report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.00.

WD-40 Stock Down 3.5%

WDFC stock opened at $235.87 on Friday. WD-40 Company has a one year low of $175.38 and a one year high of $253.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.05 and a current ratio of 2.97. The firm’s fifty day moving average is $222.70 and its 200 day moving average is $209.24. The firm has a market cap of $3.18 billion, a PE ratio of 35.90 and a beta of 0.17.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.27). WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The firm had revenue of $154.42 million during the quarter, compared to analyst estimates of $155.10 million. During the same quarter last year, the company posted $1.39 EPS. The company’s revenue was up .6% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. On average, research analysts forecast that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a dividend of $1.02 per share. This is an increase from WD-40’s previous quarterly dividend of $0.94. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, January 16th. WD-40’s dividend payout ratio (DPR) is currently 62.10%.

Insider Buying and Selling

In other WD-40 news, Director David Pendarvis acquired 424 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $247.15 per share, for a total transaction of $104,791.60. Following the completion of the transaction, the director directly owned 6,898 shares of the company’s stock, valued at $1,704,840.70. This represents a 6.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.78% of the company’s stock.

About WD-40

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.