WD-40 Company $WDFC Stake Decreased by Arrowstreet Capital Limited Partnership

Key Points

• Arrowstreet Capital cut its WD-40 stake by 89.9% in the first quarter, selling 39,232 shares and retaining 4,413 shares valued at approximately $900,000. Institutional investors collectively own 91.52% of WDFC.
• Analyst sentiment remains positive, with WD-40 holding a consensus “Buy” rating and a $305 price target. Zacks Research and Northcoast Research upgraded the stock to “Strong Buy,” while DA Davidson raised its target to $305.
• WD-40 reported strong quarterly results, including $2.33 EPS versus the $1.58 estimate and revenue of $195.12 million, up 24.3% year over year. The company also maintained a $1.02 quarterly dividend, equivalent to a 1.8% yield.

Arrowstreet Capital Limited Partnership cut its holdings in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 89.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,413 shares of the specialty chemicals company's stock after selling 39,232 shares during the period. Arrowstreet Capital Limited Partnership's holdings in WD-40 were worth $900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quarry LP raised its stake in shares of WD-40 by 1,462.5% during the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 buying an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of WD-40 by 400.0% in the 3rd 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 period. Parallel Advisors LLC boosted its holdings in shares of WD-40 by 195.4% in the third quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 in the last quarter. 91.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WDFC shares. Zacks Research upgraded WD-40 from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Northcoast Research raised WD-40 to a "strong-buy" rating in a research note on Wednesday, June 24th. Weiss Ratings lowered WD-40 from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, May 26th. Jefferies Financial Group reiterated a "hold" rating on shares of WD-40 in a research report on Friday, July 10th. Finally, DA Davidson raised their price objective on shares of WD-40 from $270.00 to $305.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, WD-40 currently has a consensus rating of "Buy" and a consensus price target of $305.00.

WD-40 Trading Down 1.5%

Shares of NASDAQ WDFC opened at $231.20 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $298.90. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 35.14 and a beta of 0.27. The business has a fifty day simple moving average of $231.66 and a 200-day simple moving average of $224.41.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.75. The firm had revenue of $195.12 million for 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%.WD-40's revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts predict that WD-40 Company will post 6.24 EPS for the current year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, July 17th. WD-40's dividend payout ratio (DPR) is 62.01%.

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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