30,749 Shares in WD-40 Company $WDFC Bought by GCQ FUNDS MANAGEMENT PTY Ltd

GCQ FUNDS MANAGEMENT PTY Ltd purchased a new stake in WD-40 Company (NASDAQ:WDFC) in the 2nd quarter, HoldingsChannel reports. The fund purchased 30,749 shares of the specialty chemicals company’s stock, valued at approximately $7,492,000. WD-40 accounts for 1.0% of GCQ FUNDS MANAGEMENT PTY Ltd’s portfolio, making the stock its 13th biggest position.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of WD-40 during the second quarter valued at about $505,734,000. Balyasny Asset Management L.P. acquired a new stake in shares of WD-40 in the 4th quarter worth about $29,291,000. Royce & Associates LP lifted its position in WD-40 by 739.8% in the 4th quarter. Royce & Associates LP now owns 165,187 shares of the specialty chemicals company’s stock valued at $32,525,000 after acquiring an additional 145,517 shares in the last quarter. First Trust Advisors LP lifted its position 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 valued at $83,883,000 after acquiring an additional 121,358 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in WD-40 during the 2nd quarter valued at about $29,162,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Price Performance

WD-40 stock opened at $217.08 on Friday. WD-40 Company has a 52 week low of $175.38 and a 52 week high of $298.90. The company’s 50 day moving average price is $235.97 and its two-hundred day moving average price is $225.23. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. The stock has a market cap of $2.91 billion, a P/E ratio of 32.99 and a beta of 0.27.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. The firm had revenue of $195.12 million for the quarter, compared to the consensus estimate of $172.79 million. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts predict that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 1.9%. WD-40’s payout ratio is currently 62.01%.

Wall Street Analysts Forecast Growth

WDFC has been the subject of a number of recent research reports. Northcoast Research raised WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Weiss Ratings lowered 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 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, Zacks Research raised shares of WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. 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, the company currently has an average rating of “Buy” and a consensus price target of $305.00.

Insider Transactions at WD-40

In other WD-40 news, insider Patricia Q. Olsem sold 300 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $233.73, for a total value of $70,119.00. Following the completion of the transaction, the insider owned 4,774 shares in the company, valued at $1,115,827.02. This represents a 5.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is owned by company insiders.

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.