JPMorgan Chase & Co. Grows Stock Position in WD-40 Company $WDFC

Key Points

• JPMorgan Chase & Co. increased its stake in WD‑40 by 73.5% in the third quarter to 41,100 shares (about 0.30% of the company), valued at roughly $8.12 million, while institutional investors own approximately 91.52% of the stock.
• WD‑40 missed quarterly expectations, reporting $1.18 EPS versus $1.45 expected and $154.4M in revenue slightly below estimates, but issued FY2026 guidance of $5.75–$6.15 EPS (analysts forecast ~5.42 EPS).
• The company declared a quarterly dividend of $1.02 ($4.08 annualized, ~2.0% yield) and a director bought 424 shares at about $247, signaling insider buying; insiders own 0.78% of the company.

JPMorgan Chase & Co. grew its position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 73.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,100 shares of the specialty chemicals company's stock after buying an additional 17,409 shares during the period. JPMorgan Chase & Co. owned 0.30% of WD-40 worth $8,121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in WD-40 by 4.6% in the 1st quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company's stock valued at $5,032,000 after acquiring an additional 901 shares during the period. AQR Capital Management LLC boosted its position in WD-40 by 7.4% during the first quarter. AQR Capital Management LLC now owns 6,366 shares of the specialty chemicals company's stock worth $1,553,000 after purchasing an additional 437 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of WD-40 by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,096 shares of the specialty chemicals company's stock worth $1,975,000 after purchasing an additional 343 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of WD-40 by 6.6% in the first quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company's stock worth $385,000 after purchasing an additional 98 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of WD-40 by 476.2% in the first quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company's stock valued at $911,000 after purchasing an additional 3,086 shares during the period. Institutional investors own 91.52% of the company's stock.

WD-40 Stock Performance

Shares of WDFC opened at $203.58 on Tuesday. WD-40 Company has a 52-week low of $175.38 and a 52-week high of $253.48. The stock's 50-day simple moving average is $229.50 and its 200 day simple moving average is $209.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.05 and a current ratio of 2.97. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 30.99 and a beta of 0.17.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.18 earnings per share for the quarter, missing analysts' consensus estimates of $1.45 by ($0.27). WD-40 had a net margin of 14.42% and a return on equity of 30.10%. The company had revenue of $154.42 million for the quarter, compared to analysts' expectations of $155.10 million. During the same period in the previous year, the firm earned $1.39 EPS. The firm's quarterly revenue was up .6% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. Research analysts forecast that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, April 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, April 17th. WD-40's dividend payout ratio is 62.10%.

Insiders Place Their Bets

In other news, Director David Pendarvis bought 424 shares of the stock in a transaction on Thursday, February 5th. The shares were acquired at an average cost of $247.15 per share, for a total transaction of $104,791.60. Following the purchase, the director directly owned 6,898 shares of the company's stock, valued at $1,704,840.70. This trade represents a 6.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.78% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c)" rating on shares of WD-40 in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $300.00.

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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