Legal & General Group Plc Purchases New Position in WD-40 Company $WDFC

Key Points

• Legal & General Group purchased 30,372 WD-40 shares valued at approximately $7.4 million, taking a roughly 0.23% stake. Institutional investors collectively own 91.52% of the company.
• WD-40 reported strong quarterly results, with EPS of $2.33 versus the $1.58 consensus estimate and revenue of $195.12 million, up 24.3% year over year. The company maintained fiscal 2026 EPS guidance of $6.05–$6.35.
• Analysts’ consensus rating is Buy, with a $305 price target, while WD-40 pays a quarterly dividend of $1.02 per share, implying a 1.9% annualized yield.

Legal & General Group Plc purchased a new stake in WD-40 Company (NASDAQ:WDFC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 30,372 shares of the specialty chemicals company's stock, valued at approximately $7,400,000. Legal & General Group Plc owned approximately 0.23% of WD-40 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in shares of WD-40 by 9.8% during the fourth quarter. Covestor Ltd now owns 549 shares of the specialty chemicals company's stock worth $108,000 after buying an additional 49 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in WD-40 by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,050 shares of the specialty chemicals company's stock worth $601,000 after acquiring an additional 50 shares during the last quarter. Versant Capital Management Inc grew its position in WD-40 by 13.7% during the 2nd quarter. Versant Capital Management Inc now owns 474 shares of the specialty chemicals company's stock worth $115,000 after acquiring an additional 57 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in WD-40 by 3.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,829 shares of the specialty chemicals company's stock valued at $360,000 after purchasing an additional 59 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in WD-40 by 2.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,659 shares of the specialty chemicals company's stock valued at $542,000 after purchasing an additional 66 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

WD-40 Trading Down 0.3%

Shares of NASDAQ WDFC opened at $212.08 on Thursday. 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 market capitalization of $2.85 billion, a P/E ratio of 32.23 and a beta of 0.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. The company's 50 day simple moving average is $233.83 and its 200 day simple moving average is $223.74.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.75. The firm had revenue of $195.12 million during 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 quarter in the previous year, the business earned $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, analysts predict that WD-40 Company will post 6.24 EPS for the current year.

WD-40 Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. WD-40's payout ratio is 62.01%.

Wall Street Analysts Forecast Growth

WDFC has been the topic of a number of recent analyst reports. Northcoast Research raised WD-40 to a "strong-buy" rating in a research note on Wednesday, June 24th. Jefferies Financial Group restated a "hold" rating on shares of WD-40 in a research note on Friday, July 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of WD-40 in a report on Friday, August 21st. DA Davidson upped their price target on shares of WD-40 from $270.00 to $305.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Finally, Zacks Research raised 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 issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $305.00.

Insider Buying and Selling

In other WD-40 news, insider Patricia Q. Olsem sold 200 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $234.72, for a total value of $46,944.00. Following the transaction, the insider owned 4,574 shares of the company's stock, valued at approximately $1,073,609.28. This represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.78% of the company's stock.

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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