WD-40 Company (NASDAQ:WDFC) Given Consensus Rating of “Buy” by Analysts

WD-40 Company (NASDAQ:WDFC) has been given a consensus rating of “Buy” by the six research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $305.00.

Several research firms have recently weighed in on WDFC. Zacks Research upgraded shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings cut shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. DA Davidson boosted their target price 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. Finally, Northcoast Research upgraded WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th.

Hedge Funds Weigh In On WD-40

Large investors have recently modified their holdings of the company. Balyasny Asset Management L.P. purchased a new stake in shares of WD-40 in the fourth quarter worth $29,291,000. Royce & Associates LP grew its position in WD-40 by 739.8% during the fourth quarter. Royce & Associates LP now owns 165,187 shares of the specialty chemicals company’s stock worth $32,525,000 after buying an additional 145,517 shares in the last quarter. First Trust Advisors LP increased its stake in WD-40 by 41.9% in the 1st quarter. First Trust Advisors LP now owns 411,312 shares of the specialty chemicals company’s stock worth $83,883,000 after acquiring an additional 121,358 shares during the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd raised its holdings in shares of WD-40 by 89.2% in the 4th quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock valued at $43,559,000 after acquiring an additional 104,282 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of WD-40 during the 3rd quarter valued at about $13,817,000. 91.52% of the stock is currently owned by institutional investors.

WD-40 Stock Performance

Shares of WDFC opened at $249.40 on Thursday. The firm has a market cap of $3.35 billion, a PE ratio of 37.90 and a beta of 0.26. The stock’s fifty day moving average price is $222.26 and its two-hundred day moving average price is $220.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. WD-40 has a 1 year low of $175.38 and a 1 year high of $298.90.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.75. The firm had revenue of $195.12 million for the quarter, compared to analysts’ expectations of $172.79 million. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities research analysts forecast that WD-40 will post 6.26 EPS for the current year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 17th. WD-40’s payout ratio is presently 62.01%.

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.