Patricia Olsem Sells 300 Shares of WD-40 (NASDAQ:WDFC) Stock

WD-40 Company (NASDAQ:WDFC) insider Patricia Olsem sold 300 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 4,774 shares of the company’s stock, valued at approximately $1,115,827.02. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WD-40 Price Performance

Shares of WDFC opened at $230.10 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. WD-40 Company has a twelve month low of $175.38 and a twelve month high of $298.90. The stock has a market capitalization of $3.09 billion, a P/E ratio of 34.97 and a beta of 0.27. The company has a 50 day moving average of $235.01 and a 200-day moving average of $225.21.

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 net margin of 13.23% and a return on equity of 33.53%. The business had revenue of $195.12 million for the quarter, compared to analyst estimates of $172.79 million. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities research analysts forecast that WD-40 Company will post 6.24 EPS for the current fiscal year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were issued a $1.02 dividend. The ex-dividend date was Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. WD-40’s dividend payout ratio (DPR) is presently 62.01%.

Institutional Investors Weigh In On WD-40

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its position in WD-40 by 4.6% during the first quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company’s stock worth $5,032,000 after buying an additional 901 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of WD-40 by 7.4% during the 1st quarter. AQR Capital Management LLC now owns 6,366 shares of the specialty chemicals company’s stock worth $1,553,000 after acquiring an additional 437 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of WD-40 by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,096 shares of the specialty chemicals company’s stock worth $1,975,000 after acquiring an additional 343 shares during the period. NewEdge Advisors LLC increased its holdings in shares of WD-40 by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company’s stock worth $385,000 after acquiring an additional 98 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of WD-40 by 476.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company’s stock worth $911,000 after acquiring an additional 3,086 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WDFC shares. Weiss Ratings lowered WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. DA Davidson upped their price objective on WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Northcoast Research raised WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $305.00.

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.