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

Key Points

• California State Teachers Retirement System cut its WD-40 stake by 9.2% in the second quarter, selling 1,537 shares and retaining 15,238 shares worth about $3.7 million. Institutional investors collectively own 91.52% of the company.
• Analyst sentiment remains generally positive, with WD-40 carrying a consensus “Moderate Buy” rating and an average price target of $305.00, despite Zacks Research downgrading the stock to “hold.”
• WD-40 reported stronger-than-expected quarterly results, including $2.33 in EPS and $195.12 million in revenue, up 24.3% year over year. Shares recently traded at $192.11, below their 52-week high of $298.90.

California State Teachers Retirement System reduced its holdings in WD-40 Company (NASDAQ:WDFC - Free Report) by 9.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,238 shares of the specialty chemicals company's stock after selling 1,537 shares during the quarter. California State Teachers Retirement System owned about 0.11% of WD-40 worth $3,712,586 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WDFC. Public Employees Retirement System of Ohio purchased a new stake in shares of WD-40 in the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of WD-40 by 243.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 197 shares during the period. Global Retirement Partners LLC lifted its stake in WD-40 by 225.4% in the 4th quarter. Global Retirement Partners LLC now owns 384 shares of the specialty chemicals company's stock valued at $76,000 after buying an additional 266 shares in the last quarter. Hantz Financial Services Inc. raised 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 buying an additional 328 shares during the period. Finally, State of Wyoming bought a new stake in shares of WD-40 in the 2nd quarter valued at approximately $88,000. Hedge funds and other institutional investors own 91.52% of the company's stock.

Insider Activity

In other WD-40 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 transaction, the insider 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

WDFC has been the subject of several recent analyst reports. Zacks Research downgraded WD-40 from a "strong-buy" rating to a "hold" rating in a research note on Friday. Weiss Ratings raised WD-40 from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, September 4th. Jefferies Financial Group reaffirmed a "hold" rating on shares of WD-40 in a research report on Friday, July 10th. DA Davidson boosted their price objective on WD-40 from $270.00 to $305.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, Northcoast Research upgraded WD-40 to a "strong-buy" rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $305.00.

WD-40 Trading Up 0.2%

WDFC traded up $0.36 during midday trading on Tuesday, hitting $192.11. The company's stock had a trading volume of 92,886 shares, compared to its average volume of 166,241. The company has a current ratio of 2.65, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $226.83 and a two-hundred day moving average price of $221.46. The firm has a market cap of $2.58 billion, a P/E ratio of 29.16 and a beta of 0.27. WD-40 Company has a 52-week low of $175.38 and a 52-week high of $298.90.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its earnings results 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. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The business had revenue of $195.12 million for the quarter, compared to the consensus estimate of $172.79 million. During the same period in the previous year, the firm earned $1.54 EPS. The business's revenue for the quarter was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, research analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 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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