Canada Pension Plan Investment Board Invests $2 Million in WD-40 Company $WDFC

Key Points

• Canada Pension Plan Investment Board acquired 8,200 WD-40 shares worth approximately $2 million in the second quarter, representing about 0.06% of the company. Institutional investors collectively own 91.52% of WD-40.
• WD-40 reported strong quarterly results, with EPS of $2.33 beating estimates of $1.58 and revenue of $195.12 million exceeding forecasts. Revenue increased 24.3% year over year, and fiscal 2026 EPS guidance is $6.05–$6.35.
• Analyst sentiment is broadly positive, with a consensus “Buy” rating and a $305 price target; the company also declared a quarterly dividend of $1.02, implying a 1.9% annualized yield.

Canada Pension Plan Investment Board acquired a new position in WD-40 Company (NASDAQ:WDFC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,200 shares of the specialty chemicals company's stock, valued at approximately $1,998,000. Canada Pension Plan Investment Board owned about 0.06% of WD-40 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd boosted its position in WD-40 by 9.8% during the fourth quarter. Covestor Ltd now owns 549 shares of the specialty chemicals company's stock worth $108,000 after purchasing an additional 49 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of WD-40 by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,050 shares of the specialty chemicals company's stock worth $601,000 after purchasing an additional 50 shares in the last quarter. Versant Capital Management Inc raised its position in shares of WD-40 by 13.7% in the second quarter. Versant Capital Management Inc now owns 474 shares of the specialty chemicals company's stock valued at $115,000 after purchasing an additional 57 shares during the period. Janney Montgomery Scott LLC raised its position in shares of WD-40 by 3.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,829 shares of the specialty chemicals company's stock valued at $360,000 after purchasing an additional 59 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of WD-40 by 2.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,659 shares of the specialty chemicals company's stock valued at $542,000 after buying an additional 66 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors.

WD-40 Stock Performance

Shares of WDFC opened at $217.17 on Monday. WD-40 Company has a twelve month low of $175.38 and a twelve month high of $298.90. The stock has a market cap of $2.91 billion, a PE ratio of 33.00 and a beta of 0.27. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. The business's 50-day moving average price is $234.94 and its 200-day moving average price is $224.28.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.75. The company had revenue of $195.12 million during the quarter, compared to analyst estimates of $172.79 million. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. WD-40's revenue was up 24.3% compared to the same quarter last year. During the same period last year, the business earned $1.54 earnings per share. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts forecast that WD-40 Company will post 6.24 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, July 17th. WD-40's dividend payout ratio (DPR) is presently 62.01%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of WD-40 in a report on Friday, August 21st. Jefferies Financial Group reissued a "hold" rating on shares of WD-40 in a report on Friday, July 10th. Northcoast Research upgraded WD-40 to a "strong-buy" rating in a research report on Wednesday, June 24th. Zacks Research raised WD-40 from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. Finally, DA Davidson raised their price target on WD-40 from $270.00 to $305.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $305.00.

Insider Buying and Selling

In other news, insider Patricia Q. Olsem sold 300 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $233.73, for a total transaction of $70,119.00. Following the completion of the transaction, the insider directly owned 4,774 shares in the company, valued at $1,115,827.02. The trade was a 5.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is currently owned by insiders.

WD-40 Company Profile

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.

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