WD-40 Company (NASDAQ:WDFC) Receives $305.00 Consensus Price Target from Analysts

Shares of WD-40 Company (NASDAQ:WDFC) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $305.00.

WDFC has been the topic of a number of research analyst reports. DA Davidson boosted their price objective 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. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a report on Friday, July 10th. William Blair started coverage on shares of WD-40 in a research report on Monday, April 6th. They set an “outperform” rating for the company. Northcoast Research raised WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings cut WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th.

WD-40 Trading Down 0.3%

Shares of WDFC stock opened at $237.12 on Thursday. The business’s fifty day moving average price is $226.04 and its 200 day moving average price is $221.97. The firm has a market capitalization of $3.18 billion, a PE ratio of 36.04 and a beta of 0.26. 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 has a 1-year low of $175.38 and a 1-year high of $298.90.

WD-40 (NASDAQ:WDFC) last released its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The company had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. During the same quarter last year, the company earned $1.54 earnings per share. 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. As a group, sell-side analysts forecast that WD-40 will post 6.26 EPS for the current fiscal year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, July 17th. WD-40’s payout ratio is presently 62.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WDFC. Covestor Ltd grew its holdings in WD-40 by 9.8% in the 4th quarter. Covestor Ltd now owns 549 shares of the specialty chemicals company’s stock worth $108,000 after buying an additional 49 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in WD-40 by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,050 shares of the specialty chemicals company’s stock valued at $601,000 after acquiring an additional 50 shares in the last quarter. Allworth Financial LP boosted its position in WD-40 by 4.4% during the 3rd quarter. Allworth Financial LP now owns 1,317 shares of the specialty chemicals company’s stock worth $260,000 after acquiring an additional 56 shares during the period. Versant Capital Management Inc boosted its position in WD-40 by 13.7% during the 2nd quarter. Versant Capital Management Inc now owns 474 shares of the specialty chemicals company’s stock worth $115,000 after acquiring an additional 57 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of WD-40 by 3.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,829 shares of the specialty chemicals company’s stock worth $360,000 after purchasing an additional 59 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.