Corient Private Wealth LP bought a new stake in WD-40 Company (NASDAQ:WDFC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,022 shares of the specialty chemicals company's stock, valued at approximately $2,685,000. Corient Private Wealth LP owned about 0.08% of WD-40 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of WD-40 during the second quarter valued at about $505,734,000. Vanguard Group Inc. lifted its holdings in shares of WD-40 by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company's stock worth $325,007,000 after acquiring an additional 47,528 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of WD-40 by 6.4% during the 3rd quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company's stock worth $105,467,000 after purchasing an additional 32,333 shares during the period. First Trust Advisors LP increased its holdings in WD-40 by 41.9% in the 1st quarter. First Trust Advisors LP now owns 411,312 shares of the specialty chemicals company's stock valued at $83,883,000 after purchasing an additional 121,358 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in WD-40 by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 405,117 shares of the specialty chemicals company's stock valued at $79,778,000 after purchasing an additional 2,072 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on WDFC. Jefferies Financial Group restated a "hold" rating on shares of WD-40 in a research note on Friday, July 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of WD-40 in a report on Friday, August 21st. DA Davidson increased their target price on WD-40 from $270.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Northcoast Research upgraded WD-40 to a "strong-buy" rating in a report on Wednesday, June 24th. Finally, Zacks Research raised WD-40 from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, WD-40 currently has a consensus rating of "Buy" and a consensus target price of $305.00.
View Our Latest Stock Analysis on WD-40
Insiders Place Their Bets
In other WD-40 news, insider Patricia Q. Olsem sold 200 shares of the company'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 sale, the insider owned 4,574 shares in the company, valued at $1,073,609.28. This represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is currently owned by company insiders.
WD-40 Price Performance
WD-40 stock opened at $212.65 on Wednesday. The firm has a market cap of $2.85 billion, a PE ratio of 32.32 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. 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 company's 50 day moving average is $234.47 and its two-hundred day moving average is $223.94.
WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The company had revenue of $195.12 million during the quarter, compared to analysts' expectations of $172.79 million. During the same quarter last year, the company posted $1.54 EPS. The firm's revenue 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, research analysts expect that WD-40 Company will post 6.24 EPS for the current fiscal year.
WD-40 Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were paid a dividend of $1.02 per share. 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 payout ratio is presently 62.01%.
About WD-40
(
Free Report)
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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