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

WD-40 Company (NASDAQ:WDFC) has been given an average rating of “Buy” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two 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 12 month price target among brokerages that have issued a report on the stock in the last year is $305.00.

A number of equities analysts recently issued reports on WDFC shares. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Friday, August 21st. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. DA Davidson raised their target price on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Zacks Research raised shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a report on Friday, July 10th.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $210.46 on Friday. WD-40 has a twelve month low of $175.38 and a twelve month high of $298.90. The company has a current ratio of 2.65, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $233.12 and a two-hundred day moving average of $223.50. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 31.98 and a beta of 0.27.

WD-40 (NASDAQ:WDFC) last announced 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. The company had revenue of $195.12 million for the quarter, compared to analysts’ expectations of $172.79 million. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The business’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, analysts expect that WD-40 will post 6.24 earnings per share for the current fiscal year.

WD-40 Announces Dividend

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

Insider Transactions at WD-40

In other WD-40 news, insider Patricia Olsem sold 200 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $234.72, for a total transaction of $46,944.00. Following the sale, the insider directly owned 4,574 shares of the company’s stock, valued at $1,073,609.28. The trade was a 4.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System raised its position 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 valued at $904,534,000 after buying an additional 3,695,811 shares during the period. BlackRock Inc. purchased a new stake in WD-40 in the 2nd quarter worth about $505,734,000. Vanguard Group Inc. boosted its position in WD-40 by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock worth $325,007,000 after acquiring an additional 47,528 shares during the period. Alliancebernstein L.P. boosted its position in WD-40 by 6.4% during the 3rd quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company’s stock worth $105,467,000 after acquiring an additional 32,333 shares during the period. Finally, First Trust Advisors LP grew its stake in WD-40 by 41.9% during 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. Hedge funds and other institutional investors own 91.52% 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.