WD-40 Company $WDFC Shares Bought by Vest Financial LLC

Vest Financial LLC grew its position in WD-40 Company (NASDAQ:WDFC) by 164.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,876 shares of the specialty chemicals company’s stock after acquiring an additional 7,393 shares during the quarter. Vest Financial LLC owned approximately 0.09% of WD-40 worth $2,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Inceptionr LLC raised its holdings in shares of WD-40 by 160.7% during the second quarter. Inceptionr LLC now owns 2,711 shares of the specialty chemicals company’s stock worth $618,000 after purchasing an additional 1,671 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of WD-40 in the 2nd quarter valued at about $30,000. Geode Capital Management LLC grew its position in shares of WD-40 by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 399,186 shares of the specialty chemicals company’s stock valued at $91,059,000 after buying an additional 5,621 shares during the last quarter. Walleye Capital LLC acquired a new stake in WD-40 during the second quarter worth about $5,695,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in WD-40 by 246.2% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,220 shares of the specialty chemicals company’s stock worth $734,000 after acquiring an additional 2,290 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

WD-40 Stock Up 2.3%

WDFC opened at $215.11 on Friday. The stock’s 50 day moving average price is $199.13 and its 200 day moving average price is $205.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.97 and a quick ratio of 2.05. The stock has a market cap of $2.90 billion, a P/E ratio of 32.74 and a beta of 0.15. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $253.48.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.17). WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The business had revenue of $154.42 million during the quarter, compared to the consensus estimate of $155.10 million. During the same period in the previous year, the company posted $1.39 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. As a group, research analysts predict that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. This is a positive change from WD-40’s previous quarterly dividend of $0.94. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. WD-40’s payout ratio is presently 62.10%.

Analysts Set New Price Targets

Several research firms have recently commented on WDFC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a report on Wednesday. DA Davidson set a $300.00 price objective on WD-40 in a research note on Wednesday, November 26th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, WD-40 currently has an average rating of “Moderate Buy” and a consensus target price of $300.00.

Insider Buying and Selling

In other WD-40 news, CEO Steven A. Brass bought 362 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were bought at an average price of $200.46 per share, for a total transaction of $72,566.52. Following the acquisition, the chief executive officer directly owned 33,761 shares of the company’s stock, valued at approximately $6,767,730.06. This trade represents a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sara Kathleen Hyzer purchased 200 shares of the company’s stock in a transaction dated Tuesday, October 28th. The stock was bought at an average cost of $200.46 per share, for a total transaction of $40,092.00. Following the completion of the purchase, the chief financial officer directly owned 5,935 shares of the company’s stock, valued at $1,189,730.10. The trade was a 3.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 2,640 shares of company stock worth $522,765. Company insiders own 0.78% of the company’s stock.

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.