Dimensional Fund Advisors LP Raises Stock Position in WD-40 Company $WDFC

Key Points

• Dimensional Fund Advisors increased its WD-40 position by 2.8% in the first quarter, bringing its holdings to 294,277 shares worth approximately $60 million. Institutional investors collectively own 91.52% of the company.
• Analyst sentiment remains positive, with an average rating of “Buy” and a consensus price target of $305.00; several firms recently upgraded the stock or initiated coverage with favorable ratings.
• WD-40 reported strong quarterly results, posting $2.33 in earnings per share and $195.12 million in revenue, beating estimates and delivering 24.3% year-over-year revenue growth. The company also declared a $1.02 quarterly dividend, representing a 1.8% yield.

Dimensional Fund Advisors LP increased its position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,277 shares of the specialty chemicals company's stock after acquiring an additional 7,886 shares during the quarter. Dimensional Fund Advisors LP owned about 2.19% of WD-40 worth $60,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Balyasny Asset Management L.P. purchased a new position in WD-40 in the fourth quarter worth $29,291,000. Royce & Associates LP increased its position in shares of WD-40 by 739.8% during the fourth quarter. Royce & Associates LP now owns 165,187 shares of the specialty chemicals company's stock worth $32,525,000 after purchasing an additional 145,517 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of WD-40 by 62.5% during the 4th quarter. First Trust Advisors LP now owns 289,954 shares of the specialty chemicals company's stock valued at $57,092,000 after purchasing an additional 111,559 shares during the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd lifted its holdings in shares of WD-40 by 89.2% during the 4th quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company's stock valued at $43,559,000 after purchasing an additional 104,282 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of WD-40 in the 3rd quarter worth $13,817,000. Hedge funds and other institutional investors own 91.52% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. William Blair began coverage on WD-40 in a research note on Monday, April 6th. They set an "outperform" rating on the stock. DA Davidson increased their price target on WD-40 from $270.00 to $305.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Weiss Ratings downgraded WD-40 from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, May 26th. Northcoast Research upgraded WD-40 to a "strong-buy" rating in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded shares of WD-40 from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $305.00.

WD-40 Trading Down 0.3%

NASDAQ:WDFC opened at $227.14 on Friday. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $298.90. The firm has a fifty day simple moving average of $229.46 and a 200-day simple moving average of $223.36. 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 company has a market capitalization of $3.05 billion, a P/E ratio of 34.52 and a beta of 0.26.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.75. The firm had revenue of $195.12 million for 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%. The business's quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.54 earnings per share. 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 declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders 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 1.8%. The ex-dividend date was Friday, July 17th. WD-40's payout ratio is presently 62.01%.

About WD-40

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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