WD-40 (NASDAQ:WDFC) Insider Sells $46,944.00 in Stock

WD-40 Company (NASDAQ:WDFC) insider Patricia Olsem sold 200 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $234.72, for a total transaction of $46,944.00. Following the transaction, the insider owned 4,574 shares of the company’s stock, valued at $1,073,609.28. The trade was a 4.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

WD-40 Stock Down 0.4%

Shares of WD-40 stock traded down $0.86 during trading hours on Friday, reaching $229.24. 89,860 shares of the company’s stock were exchanged, compared to its average volume of 175,383. The company has a 50 day moving average of $235.01 and a two-hundred day moving average of $225.21. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90. 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 stock has a market cap of $3.08 billion, a P/E ratio of 34.84 and a beta of 0.27.

WD-40 (NASDAQ:WDFC) last released its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.75. The business 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%.WD-40’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 earnings per share. 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 6.24 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, July 17th. WD-40’s payout ratio is presently 62.01%.

Hedge Funds Weigh In On WD-40

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in WD-40 by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock worth $325,007,000 after purchasing an additional 47,528 shares in the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd boosted its holdings in 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 purchasing an additional 104,282 shares during the period. Fifth Third Bancorp grew its position in shares of WD-40 by 10,648.8% during the 1st quarter. Fifth Third Bancorp now owns 22,250 shares of the specialty chemicals company’s stock worth $4,538,000 after purchasing an additional 22,043 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of WD-40 by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 294,277 shares of the specialty chemicals company’s stock worth $60,015,000 after purchasing an additional 7,886 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of WD-40 by 41.6% during the fourth quarter. Teacher Retirement System of Texas now owns 32,379 shares of the specialty chemicals company’s stock worth $6,375,000 after purchasing an additional 9,517 shares during the period. Institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

WDFC has been the topic of several recent analyst reports. Zacks Research upgraded shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a report on Friday, July 10th. Weiss Ratings downgraded WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. DA Davidson upped their price objective on WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Northcoast Research raised WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Two equities research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $305.00.

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.