WD-40 Company (NASDAQ:WDFC) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• WD-40 has a consensus “Buy” rating from six analysts, including two “buy” and two “strong-buy” ratings, with an average 12-month price target of $305.
• The company reported strong quarterly results, earning $2.33 per share versus the $1.58 consensus estimate, while revenue rose 24.3% year over year to $195.12 million.
• WD-40 pays a quarterly dividend of $1.02, equivalent to $4.08 annually and a 1.9% yield. Institutional investors own 91.52% of the company, while shares recently traded at $210.46.

WD-40 Company (NASDAQ:WDFC - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $305.00.

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

WD-40 Trading Down 0.8%

Shares of NASDAQ:WDFC opened at $210.46 on Friday. The company has a market cap of $2.82 billion, a PE ratio of 31.98 and a beta of 0.27. The company's 50-day moving average price is $233.12 and its 200 day moving average price is $223.50. WD-40 has a fifty-two week low of $175.38 and a fifty-two week high of $298.90. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted 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. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The firm had revenue of $195.12 million during the quarter, compared to analysts' expectations of $172.79 million. During the same quarter in the prior year, the firm earned $1.54 EPS. WD-40's quarterly revenue was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts anticipate that WD-40 will post 6.24 earnings per share for the current year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, July 17th. WD-40's dividend payout ratio is currently 62.01%.

Insider Transactions at WD-40

In other WD-40 news, insider Patricia Olsem sold 300 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $233.73, for a total transaction of $70,119.00. Following the transaction, the insider owned 4,774 shares of the company's stock, valued at approximately $1,115,827.02. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of 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 acquiring an additional 3,695,811 shares during the period. BlackRock Inc. acquired a new stake in WD-40 in the second quarter worth approximately $505,734,000. Vanguard Group Inc. lifted its position in WD-40 by 3.0% in 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. Alliancebernstein L.P. increased its position in shares of WD-40 by 6.4% during the 3rd quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company's stock valued at $105,467,000 after purchasing an additional 32,333 shares during the period. Finally, 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 worth $83,883,000 after buying an additional 121,358 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source