WD-40 Company $WDFC Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC reduced its WD-40 stake by 54.6% in the second quarter, selling 19,527 shares and retaining 16,206 shares worth approximately $3.95 million. Institutional investors and hedge funds collectively own 91.52% of the company.
• WD-40 reported quarterly EPS of $2.33, beating estimates of $1.58, while revenue rose 24.3% year over year to $195.12 million. The company issued fiscal 2026 EPS guidance of $6.05–$6.35.
• The company paid a quarterly dividend of $1.02 per share, equivalent to a 2.1% yield, while analysts maintained a consensus “Buy” rating with an average price target of $305.

Squarepoint Ops LLC lowered its stake in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 54.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,206 shares of the specialty chemicals company's stock after selling 19,527 shares during the period. Squarepoint Ops LLC owned about 0.12% of WD-40 worth $3,948,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP lifted its holdings in WD-40 by 1,462.5% in the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 117 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of WD-40 during the 2nd quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its stake in shares of WD-40 by 207.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $36,000 after purchasing an additional 106 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of WD-40 by 400.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company's stock valued at $42,000 after purchasing an additional 172 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of WD-40 by 195.4% during the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company's stock valued at $51,000 after purchasing an additional 170 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Stock Performance

NASDAQ:WDFC opened at $194.82 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. The company has a fifty day moving average of $227.92 and a two-hundred day moving average of $221.98. The stock has a market capitalization of $2.61 billion, a PE ratio of 29.61 and a beta of 0.27. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The business had revenue of $195.12 million for the quarter, compared to analyst estimates of $172.79 million. During the same quarter last year, the business earned $1.54 earnings per share. The company's revenue for the quarter was up 24.3% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently disclosed 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 2.1%. The ex-dividend date was Friday, July 17th. WD-40's payout ratio is 62.01%.

Insider Buying and Selling

In other WD-40 news, insider Patricia Olsem sold 200 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $234.72, for a total transaction of $46,944.00. Following the completion of the transaction, the insider owned 4,574 shares of the company's stock, valued at $1,073,609.28. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.78% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WDFC shares. Northcoast Research upgraded shares of WD-40 to a "strong-buy" rating in a research note on Wednesday, June 24th. DA Davidson lifted their price objective on shares of WD-40 from $270.00 to $305.00 and gave the company a "buy" rating in a report on Friday, July 10th. Zacks Research raised shares of WD-40 from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. Jefferies Financial Group reiterated a "hold" rating on shares of WD-40 in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded WD-40 from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, September 4th. Two investment 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $305.00.

About WD-40

WD-40 Company NASDAQ: WDFC develops and markets maintenance, homecare, and cleaning products for consumers, professional tradespeople, and industrial users. Its best-known product is WD-40 Multi-Use Product, a spray designed to displace moisture, lubricate, protect against corrosion, and loosen stuck parts.

The company also offers specialized products under the WD-40 Specialist brand, including lubricants, degreasers, rust removers, and other maintenance solutions. Its portfolio includes 3-IN-ONE lubricants and other products for household, automotive, industrial, and outdoor applications, as well as bicycle care products sold under the WD-40 Bike brand.

Founded in 1953 as Rocket Chemical Company, WD-40 Company is based in San Diego, California.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.