Jupiter Topco LLC Purchases New Stake in WD-40 Company $WDFC

Jupiter Topco LLC acquired a new position in shares of WD-40 Company (NASDAQ:WDFC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,164 shares of the specialty chemicals company's stock, valued at approximately $1,503,000.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 during the period. EverSource Wealth Advisors LLC raised its stake in WD-40 by 207.8% during the second quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $36,000 after acquiring an additional 106 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in WD-40 by 400.0% in the third 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 during the last quarter. Parallel Advisors LLC lifted its holdings in WD-40 by 195.4% in the third quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake 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 period. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Stock Down 1.4%

Shares of WD-40 stock opened at $207.57 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $298.90. The business's fifty day moving average price is $232.31 and its two-hundred day moving average price is $223.39. The company has a market capitalization of $2.79 billion, a P/E ratio of 31.55 and a beta of 0.27.

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

WD-40 Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.0%. WD-40's dividend payout ratio (DPR) is presently 62.01%.

Insider Activity at WD-40

In related news, insider Patricia Olsem sold 300 shares of WD-40 stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $233.73, for a total transaction of $70,119.00. Following the transaction, the insider directly owned 4,774 shares of the company's stock, valued at $1,115,827.02. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WDFC shares. Northcoast Research upgraded WD-40 to a "strong-buy" rating in a research report on Wednesday, June 24th. Zacks Research upgraded WD-40 from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Jefferies Financial Group restated a "hold" rating on shares of WD-40 in a research note on Friday, July 10th. 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 report on Friday, July 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of WD-40 in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, WD-40 has a consensus rating of "Buy" and an average price target of $305.00.

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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