Zacks Research Upgrades WD-40 (NASDAQ:WDFC) to “Strong-Buy”

WD-40 (NASDAQ:WDFC) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on WDFC. Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Weiss Ratings cut shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. DA Davidson raised their price target on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 10th. William Blair initiated coverage on shares of WD-40 in a report on Monday, April 6th. They set an “outperform” rating on the stock. Finally, Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $305.00.

WD-40 Price Performance

WD-40 stock opened at $249.40 on Tuesday. The company has a current ratio of 2.65, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $3.35 billion, a PE ratio of 37.90 and a beta of 0.26. WD-40 has a 12 month low of $175.38 and a 12 month high of $298.90. The stock has a 50-day moving average price of $222.26 and a two-hundred day moving average price of $220.43.

WD-40 (NASDAQ:WDFC) last announced 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 analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $1.54 earnings per share. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts expect that WD-40 will post 6.26 EPS for the current year.

Institutional Trading of WD-40

A number of large investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. acquired a new position in shares of WD-40 in the 4th quarter valued at about $29,291,000. Royce & Associates LP grew its stake 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 purchasing an additional 145,517 shares during the period. First Trust Advisors LP grew its stake in WD-40 by 41.9% during the first quarter. First Trust Advisors LP now owns 411,312 shares of the specialty chemicals company’s stock worth $83,883,000 after purchasing an additional 121,358 shares during the period. GCQ FUNDS MANAGEMENT PTY Ltd increased its holdings in WD-40 by 89.2% in the fourth quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock worth $43,559,000 after purchasing an additional 104,282 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in WD-40 in the third quarter valued at approximately $13,817,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

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.