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

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

WDFC has been the topic of a number of recent analyst reports. Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. DA Davidson boosted their price target 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. Weiss Ratings raised shares of WD-40 from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, September 4th. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research report on Friday, July 10th.

Insider Buying and Selling at WD-40

In other WD-40 news, insider Patricia Olsem sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $234.72, for a total value of $46,944.00. Following the completion of the sale, the insider owned 4,574 shares in the company, valued at approximately $1,073,609.28. This trade represents a 4.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.78% of the company’s stock.

Institutional Trading of WD-40

Several institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its stake in WD-40 by 22,031.7% during the second quarter. California State Teachers Retirement System now owns 3,712,586 shares of the specialty chemicals company’s stock worth $904,534,000 after purchasing an additional 3,695,811 shares during the period. BlackRock Inc. bought a new stake in WD-40 in the second quarter valued at $505,734,000. Vanguard Group Inc. lifted its holdings in shares of WD-40 by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock valued at $325,007,000 after acquiring an additional 47,528 shares during the period. Alliancebernstein L.P. boosted its stake in shares of WD-40 by 6.4% in the 3rd quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company’s stock valued at $105,467,000 after purchasing an additional 32,333 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of 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 purchasing an additional 121,358 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Stock Performance

Shares of WDFC stock opened at $199.04 on Friday. WD-40 has a 12-month low of $175.38 and a 12-month high of $298.90. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 30.25 and a beta of 0.27. The business has a 50 day simple moving average of $228.94 and a 200 day simple moving average of $222.17. 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 (NASDAQ:WDFC) last posted 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. The company 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 quarterly 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 research analysts anticipate that WD-40 will post 6.24 EPS for the current year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. WD-40’s dividend payout ratio (DPR) is 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.