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

WD-40 Company (NASDAQ:WDFC) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $305.00.

Several research analysts have recently weighed in on the stock. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Zacks Research downgraded shares of WD-40 from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. DA Davidson boosted their target price on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings cut shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th.

Insider Buying and Selling

In related news, insider Patricia Olsem sold 300 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 4,774 shares in the company, valued at approximately $1,115,827.02. This represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On WD-40

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of WD-40 during the 2nd quarter worth $505,734,000. First Trust Advisors LP lifted its position in WD-40 by 41.9% in the first 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 during the last quarter. Geode Capital Management LLC lifted its position in WD-40 by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 405,117 shares of the specialty chemicals company’s stock valued at $79,778,000 after buying an additional 2,072 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in WD-40 by 2.8% during the first 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 period. Finally, Bank of New York Mellon Corp purchased a new position in WD-40 during the second quarter worth about $29,162,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Price Performance

WDFC stock opened at $205.86 on Tuesday. WD-40 has a 1 year low of $175.38 and a 1 year high of $298.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. The firm has a market capitalization of $2.76 billion, a PE ratio of 31.29 and a beta of 0.27. The business has a 50 day simple moving average of $212.74 and a 200-day simple moving average of $217.56.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. The firm 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%.The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 earnings per share. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts anticipate that WD-40 will post 6.24 earnings per share for the current fiscal year.

WD-40 Company Profile

WD-40 Company develops and markets maintenance, cleaning, and homecare products for consumer, professional, and industrial users. Its best-known product is WD-40 Multi-Use Product, a water-displacing formula used to loosen stuck parts, protect against corrosion, remove residue, and lubricate equipment.

The company also offers specialty maintenance products under the WD-40 Specialist brand, as well as products marketed under brands such as 3-IN-ONE, GT85, and 1001. These products serve automotive, industrial, marine, construction, household, and do-it-yourself applications.

Founded in 1953 and headquartered in San Diego, California, WD-40 Company sells its products through retailers, distributors, and industrial channels in markets around the world.