One Wealth Advisors LLC Purchases New Position in WD-40 Company $WDFC

One Wealth Advisors LLC acquired a new position in WD-40 Company (NASDAQ:WDFC) during the second quarter, Holdings Channel reports. The institutional investor acquired 6,996 shares of the specialty chemicals company’s stock, valued at approximately $1,705,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in WD-40 by 4.6% in the first quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company’s stock valued at $5,032,000 after acquiring an additional 901 shares during the last quarter. AQR Capital Management LLC increased 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 purchasing an additional 437 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $1,975,000 after purchasing an additional 343 shares in the last quarter. NewEdge Advisors LLC raised 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 valued at $385,000 after purchasing an additional 98 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of WD-40 by 476.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company’s stock valued at $911,000 after purchasing an additional 3,086 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

Insider Transactions at WD-40

In other news, insider Patricia Q. Olsem sold 200 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $234.72, for a total value of $46,944.00. Following the sale, the insider directly owned 4,574 shares of the company’s stock, valued at approximately $1,073,609.28. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WDFC has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a report on Friday, July 10th. Zacks Research upgraded WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Weiss Ratings cut 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 target on WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. 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 assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $305.00.

WD-40 Price Performance

Shares of WD-40 stock opened at $229.24 on Friday. The firm has a fifty day simple moving average of $235.53 and a 200-day simple moving average of $225.24. The company has a current ratio of 2.65, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $298.90. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 34.84 and a beta of 0.27.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $172.79 million. During the same period in the prior year, the firm earned $1.54 EPS. WD-40’s quarterly revenue was up 24.3% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, sell-side analysts expect that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders 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 dividend payout ratio 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.