California State Teachers Retirement System Boosts Stock Holdings in WD-40 Company $WDFC

California State Teachers Retirement System grew its holdings in WD-40 Company (NASDAQ:WDFC - Free Report) by 22,031.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,712,586 shares of the specialty chemicals company's stock after purchasing an additional 3,695,811 shares during the period. California State Teachers Retirement System owned approximately 27.66% of WD-40 worth $904,534,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Royal Bank of Canada raised its holdings in WD-40 by 4.6% during the 1st quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company's stock valued at $5,032,000 after acquiring an additional 901 shares during the period. AQR Capital Management LLC grew its position in shares of WD-40 by 7.4% in the first quarter. AQR Capital Management LLC now owns 6,366 shares of the specialty chemicals company's stock valued at $1,553,000 after purchasing an additional 437 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of WD-40 by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,096 shares of the specialty chemicals company's stock valued at $1,975,000 after purchasing an additional 343 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of WD-40 by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company's stock valued at $385,000 after purchasing an additional 98 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of WD-40 by 476.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company's stock valued at $911,000 after purchasing an additional 3,086 shares during the period. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Patricia Olsem sold 200 shares of the business's stock in a transaction dated 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 transaction, the insider owned 4,574 shares of the company's stock, valued at approximately $1,073,609.28. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.78% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. DA Davidson increased their price objective on WD-40 from $270.00 to $305.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Weiss Ratings raised WD-40 from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, September 4th. Northcoast Research upgraded WD-40 to a "strong-buy" rating in a research report on Wednesday, June 24th. Zacks Research raised shares of WD-40 from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group restated a "hold" rating on shares of WD-40 in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $305.00.

WD-40 Stock Performance

WD-40 stock opened at $194.82 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. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90. The stock has a market cap of $2.61 billion, a P/E ratio of 29.61 and a beta of 0.27. The firm's fifty day moving average price is $227.92 and its 200-day moving average price is $221.83.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (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 company had revenue of $195.12 million during the quarter, compared to analyst estimates of $172.79 million. During the same quarter last year, the company earned $1.54 earnings per share. The firm'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. Equities research analysts forecast that WD-40 Company will post 6.24 earnings per share for the current fiscal year.

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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