Bank of America Corp DE Makes New Investment in WD-40 Company $WDFC

Key Points

• Bank of America purchased 35,182 WD-40 shares worth approximately $8.6 million during the second quarter, acquiring about 0.26% of the company. Institutional investors and hedge funds collectively own 91.52% of WDFC.
• WD-40 reported quarterly EPS of $2.33, exceeding the $1.58 analyst consensus, while revenue rose 24.3% year over year to $195.12 million. The company set fiscal 2026 EPS guidance at $6.05–$6.35.
• WDFC recently traded at $199.17, down substantially from its 52-week high of $298.90. Analyst sentiment remains a “Moderate Buy,” with an average price target of $305, despite some recent rating downgrades.

Bank of America Corp DE purchased a new stake in WD-40 Company (NASDAQ:WDFC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,182 shares of the specialty chemicals company's stock, valued at approximately $8,572,000. Bank of America Corp DE owned about 0.26% of WD-40 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of WD-40 by 243.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company's stock worth $55,000 after buying an additional 197 shares during the last quarter. State of Wyoming purchased a new position in WD-40 during the second quarter valued at approximately $88,000. Global Retirement Partners LLC lifted its holdings in WD-40 by 225.4% in the fourth quarter. Global Retirement Partners LLC now owns 384 shares of the specialty chemicals company's stock valued at $76,000 after acquiring an additional 266 shares during the period. Hantz Financial Services Inc. lifted its holdings in WD-40 by 356.5% in the fourth quarter. Hantz Financial Services Inc. now owns 420 shares of the specialty chemicals company's stock valued at $83,000 after acquiring an additional 328 shares during the period. Finally, Scarborough Advisors LLC purchased a new stake in WD-40 in the 1st quarter worth approximately $92,000. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Trading Up 1.0%

Shares of WDFC stock opened at $199.17 on Friday. 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 company has a market cap of $2.67 billion, a price-to-earnings ratio of 30.27 and a beta of 0.27. The stock has a 50 day simple moving average of $216.57 and a 200-day simple moving average of $218.61. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $298.90.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $172.79 million. During the same quarter last year, the company earned $1.54 EPS. The firm's revenue for the quarter 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, equities research analysts expect that WD-40 Company will post 6.24 EPS for the current fiscal year.

Insider Buying and Selling

In other WD-40 news, insider Patricia Olsem sold 200 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $234.72, for a total transaction of $46,944.00. Following the completion of the sale, the insider directly owned 4,574 shares in the company, valued at approximately $1,073,609.28. The trade was a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WDFC. Zacks Research cut shares of WD-40 from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 11th. Weiss Ratings downgraded shares of WD-40 from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 18th. DA Davidson raised their price target on shares of WD-40 from $270.00 to $305.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Jefferies Financial Group reaffirmed a "hold" rating on shares of WD-40 in a report on Friday, July 10th. Finally, Northcoast Research upgraded shares of WD-40 to a "strong-buy" rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $305.00.

WD-40 Company Profile

WD-40 Company NASDAQ: WDFC develops and markets maintenance, homecare, and cleaning products for consumers, professional tradespeople, and industrial users. Its best-known product is WD-40 Multi-Use Product, a spray designed to displace moisture, lubricate, protect against corrosion, and loosen stuck parts.

The company also offers specialized products under the WD-40 Specialist brand, including lubricants, degreasers, rust removers, and other maintenance solutions. Its portfolio includes 3-IN-ONE lubricants and other products for household, automotive, industrial, and outdoor applications, as well as bicycle care products sold under the WD-40 Bike brand.

Founded in 1953 as Rocket Chemical Company, WD-40 Company is based in San Diego, California.

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