Deutsche Bank AG Purchases Shares of 22,346 WD-40 Company $WDFC

Deutsche Bank AG acquired a new position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,346 shares of the specialty chemicals company's stock, valued at approximately $5,444,000. Deutsche Bank AG owned approximately 0.17% of WD-40 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WDFC. Quarry LP boosted its holdings in shares of WD-40 by 1,462.5% in the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of WD-40 by 207.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company's stock valued at $36,000 after buying an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in WD-40 by 400.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company's stock worth $42,000 after acquiring an additional 172 shares in the last quarter. Parallel Advisors LLC raised its stake in WD-40 by 195.4% during the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in 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 valued at $55,000 after acquiring an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of WD-40 from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. DA Davidson lifted their target price on WD-40 from $270.00 to $305.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Northcoast Research raised WD-40 to a "strong-buy" rating in a report on Wednesday, June 24th. Jefferies Financial Group reissued a "hold" rating on shares of WD-40 in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded WD-40 from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, WD-40 currently has a consensus rating of "Buy" and a consensus target price of $305.00.

Insider Transactions at WD-40

In other WD-40 news, insider Patricia Q. Olsem sold 300 shares of the company'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 owned 4,774 shares in the company, valued at approximately $1,115,827.02. This represents a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.78% of the company's stock.

WD-40 Price Performance

Shares of WDFC opened at $215.89 on Tuesday. 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 firm has a 50-day simple moving average of $235.76 and a 200-day simple moving average of $225.02. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 32.81 and a beta of 0.27.

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 for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $172.79 million. During the same period last year, the firm earned $1.54 EPS. The firm'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, equities research analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Announces Dividend

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

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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