3,206 Shares in WD-40 Company $WDFC Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in WD-40 Company (NASDAQ:WDFC) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,206 shares of the specialty chemicals company’s stock, valued at approximately $637,000.

Other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its holdings in shares of WD-40 by 7.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,087 shares of the specialty chemicals company’s stock worth $214,000 after acquiring an additional 78 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of WD-40 by 52.0% during the fourth quarter. Corient Private Wealth LLC now owns 9,518 shares of the specialty chemicals company’s stock valued at $1,874,000 after purchasing an additional 3,257 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of WD-40 by 243.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 197 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of WD-40 by 76.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,946 shares of the specialty chemicals company’s stock valued at $383,000 after purchasing an additional 842 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of WD-40 by 91.0% in the 4th quarter. NewEdge Advisors LLC now owns 2,815 shares of the specialty chemicals company’s stock valued at $554,000 after purchasing an additional 1,341 shares during the period. Institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a report on Friday, July 10th. DA Davidson boosted their price target on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 10th. William Blair initiated coverage on shares of WD-40 in a research report on Monday, April 6th. They issued an “outperform” rating for the company. Finally, Weiss Ratings lowered shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $305.00.

WD-40 Stock Up 0.1%

NASDAQ:WDFC opened at $249.40 on Thursday. The business’s fifty day moving average price is $222.26 and its 200 day moving average price is $220.43. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 37.90 and a beta of 0.26. The company has a current ratio of 2.65, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $298.90.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The firm had revenue of $195.12 million during the quarter, compared to analyst estimates of $172.79 million. During the same period last year, the company posted $1.54 EPS. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, sell-side analysts forecast that WD-40 Company will post 6.26 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, July 17th. WD-40’s dividend payout ratio (DPR) is currently 62.01%.

WD-40 Company 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.