DA Davidson Lowers WD-40 (NASDAQ:WDFC) Price Target to $270.00

Key Points

• Price target update: DA Davidson cut WD‑40's target from $300 to $270 but retained a "buy" rating, implying roughly a 24.9% upside, and MarketBeat's consensus rating/target is also a "Moderate Buy" at $270.
• Q2 results beat estimates (EPS $1.50 vs. $1.39; revenue $161.7M, +10.7% YoY) but FY2026 guidance ($5.75–$6.15 EPS; $630–$655M revenue) was slightly below consensus, raising downgrade risk and contributing to a ~3.1% stock decline to $216.17.
• Capital returns and ownership: management reiterated accelerating share buybacks and a ~1.8% dividend yield, an insider bought shares, and institutional investors own about 91.5% of the stock.

WD-40 (NASDAQ:WDFC - Get Free Report) had its price target dropped by investment analysts at DA Davidson from $300.00 to $270.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the specialty chemicals company's stock. DA Davidson's price objective points to a potential upside of 24.90% from the company's previous close.

Other analysts also recently issued reports about the company. Weiss Ratings reissued a "hold (c)" rating on shares of WD-40 in a report on Wednesday, January 21st. William Blair initiated coverage on WD-40 in a research note on Monday. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $270.00.

WD-40 Stock Down 3.1%

Shares of NASDAQ:WDFC traded down $6.85 on Friday, hitting $216.17. 295,665 shares of the company's stock were exchanged, compared to its average volume of 182,225. WD-40 has a 1-year low of $175.38 and a 1-year high of $253.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.05 and a current ratio of 2.97. The company has a market capitalization of $2.92 billion, a PE ratio of 32.78 and a beta of 0.25. The firm's 50-day moving average is $228.68 and its 200 day moving average is $209.44.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its earnings results on Thursday, April 9th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The business had revenue of $161.67 million during the quarter, compared to the consensus estimate of $154.90 million. During the same period in the previous year, the business earned $1.32 EPS. The business's quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts predict that WD-40 will post 5.42 EPS for the current year.

Insider Transactions at WD-40

In other WD-40 news, Director David Pendarvis bought 424 shares of the company's stock in a transaction on Thursday, February 5th. The shares were bought at an average price of $247.15 per share, for a total transaction of $104,791.60. Following the transaction, the director owned 6,898 shares of the company's stock, valued at approximately $1,704,840.70. This trade represents a 6.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.78% of the company's stock.

Hedge Funds Weigh In On WD-40

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDFC. Covestor Ltd grew its holdings in WD-40 by 9.8% during the 4th quarter. Covestor Ltd now owns 549 shares of the specialty chemicals company's stock valued at $108,000 after buying an additional 49 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings 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 buying an additional 50 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of WD-40 by 3.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,865 shares of the specialty chemicals company's stock worth $362,000 after purchasing an additional 56 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of WD-40 by 6.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 953 shares of the specialty chemicals company's stock worth $186,000 after purchasing an additional 56 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of 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 purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 News Summary

Here are the key news stories impacting WD-40 this week:

• Positive Sentiment: Q2 revenue and cash‑flow strength — Net sales were $161.7M (up ~10.7% YoY), beating estimates, and operating cash flow rose materially, supporting capital returns and a solid balance sheet. WD-40 Company Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Buybacks and dividend support — Management reiterated heavy capital returns: accelerating share repurchases this year and a reliable dividend (≈1.8% yield, ~62% payout). MarketBeat notes buybacks are being used aggressively and could continue to underpin the stock. WD-40 Company Justifies Sell-Side Support With Q2 Results
• Neutral Sentiment: Earnings beat but mixed profitability — GAAP EPS of $1.50 topped street estimates, yet EPS and net income were down significantly YoY due to higher costs and other items; gross profit improved. The earnings call and slides provide detail on drivers and FX impact. WD-40 Co (WDFC) Q2 2026 Earnings Call Highlights
• Neutral Sentiment: Analyst/institutional context — Some firms (e.g., William Blair) remain constructive and institutions accumulated into the print, but coverage is light; MarketBeat highlights technical support near prior lows that could limit downside.
• Negative Sentiment: FY2026 guidance came in slightly below consensus — Management guided EPS to $5.75–$6.15 (consensus ~$6.06) and revenue to $630–$655M (consensus ~$650.4M), leaving the midpoint modestly below expectations and prompting concern about margin/earnings recovery.
• Negative Sentiment: Analyst caution / downgrade risk — Commentary pieces flagged that the company is “close to a downgrade” given profit pressures and guidance, which can amplify near‑term selling pressure despite the revenue beat. WD-40's Getting Awfully Close To A Downgrade

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.