Maverick Capital Ltd. Sells 3,474 Shares of WD-40 Company $WDFC

Maverick Capital Ltd. trimmed its position in WD-40 Company (NASDAQ:WDFC) by 32.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,212 shares of the specialty chemicals company’s stock after selling 3,474 shares during the quarter. Maverick Capital Ltd. owned 0.05% of WD-40 worth $1,471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in 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 worth $325,007,000 after buying an additional 47,528 shares in the last quarter. Alliancebernstein L.P. raised 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 buying an additional 32,333 shares in the last quarter. First Trust Advisors LP raised its stake 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 valued at $83,883,000 after buying an additional 121,358 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of WD-40 by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 405,117 shares of the specialty chemicals company’s stock worth $79,778,000 after acquiring an additional 2,072 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of WD-40 by 24.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 333,505 shares of the specialty chemicals company’s stock worth $76,069,000 after acquiring an additional 65,423 shares during the period. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Performance

NASDAQ WDFC opened at $233.55 on Tuesday. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $298.90. The company has a 50 day moving average of $227.85 and a 200-day moving average of $222.72. 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 market cap of $3.13 billion, a price-to-earnings ratio of 35.49 and a beta of 0.26.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.58 by $0.75. The business 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%.WD-40’s revenue was up 24.3% compared to the same quarter last year. During the same period 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 analysts forecast that WD-40 Company will post 6.24 earnings per share for the current fiscal year.

WD-40 Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research raised shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. DA Davidson raised their price target on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. William Blair began coverage on WD-40 in a report on Monday, April 6th. They set an “outperform” rating on the stock. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of WD-40 in a report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $305.00.

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.