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

Shares of WD-40 Company (NASDAQ:WDFC) have been assigned an average rating of “Buy” from the six analysts 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 price target among brokerages that have updated their coverage on the stock in the last year is $305.00.

WDFC has been the topic of a number of recent analyst reports. DA Davidson upped 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. Zacks Research upgraded shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Finally, Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th.

Insiders Place Their Bets

In other WD-40 news, insider Patricia Q. Olsem sold 300 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $233.73, for a total value of $70,119.00. Following the sale, the insider owned 4,774 shares of the company’s stock, valued at approximately $1,115,827.02. This represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.78% of the stock is owned by insiders.

Institutional Investors Weigh In On WD-40

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised 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 purchasing an additional 47,528 shares during the period. GCQ FUNDS MANAGEMENT PTY Ltd grew its stake in shares of WD-40 by 89.2% during the 4th quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock valued at $43,559,000 after buying an additional 104,282 shares during the period. Fifth Third Bancorp grew its stake in shares of WD-40 by 10,648.8% during the 1st quarter. Fifth Third Bancorp now owns 22,250 shares of the specialty chemicals company’s stock valued at $4,538,000 after buying an additional 22,043 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of WD-40 by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 294,277 shares of the specialty chemicals company’s stock worth $60,015,000 after buying an additional 7,886 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of WD-40 by 41.6% in the 4th quarter. Teacher Retirement System of Texas now owns 32,379 shares of the specialty chemicals company’s stock worth $6,375,000 after buying an additional 9,517 shares during the period. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Stock Down 0.4%

Shares of WD-40 stock opened at $229.24 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. The company has a market cap of $3.08 billion, a P/E ratio of 34.84 and a beta of 0.27. WD-40 has a one year low of $175.38 and a one year high of $298.90. The firm has a fifty day moving average of $235.53 and a two-hundred day moving average of $225.24.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The business had revenue of $195.12 million during the quarter, compared to analysts’ expectations of $172.79 million. During the same period last year, the firm earned $1.54 EPS. The company’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, analysts forecast that WD-40 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. Investors of record on Friday, July 17th were issued a $1.02 dividend. The ex-dividend date was Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. WD-40’s dividend payout ratio is currently 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.