WD-40 Company (NASDAQ:WDFC) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• WD-40 has a consensus “Buy” rating among six analysts, split between two holds, two buys, and two strong buys; the average 12-month price target is $305 versus a recent price of $234.93.
• The company delivered a strong quarterly performance, reporting $2.33 in EPS and $195.12 million in revenue, surpassing estimates and representing 24.3% year-over-year revenue growth.
• Institutional ownership is high at 91.52%, with major investors including BlackRock and Vanguard adding or maintaining substantial positions. WD-40 also pays a quarterly dividend of $1.02 per share, yielding approximately 1.7%.

Shares of WD-40 Company (NASDAQ:WDFC - Get Free Report) have earned a consensus recommendation of "Buy" from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $305.00.

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of WD-40 from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. DA Davidson boosted their price target on WD-40 from $270.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Jefferies Financial Group restated a "hold" rating on shares of WD-40 in a report on Friday, July 10th. Weiss Ratings downgraded WD-40 from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, May 26th. Finally, Northcoast Research raised WD-40 to a "strong-buy" rating in a report on Wednesday, June 24th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WDFC. BlackRock Inc. purchased a new position in WD-40 during the second quarter worth approximately $505,734,000. Vanguard Group Inc. lifted its holdings in shares of WD-40 by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company's stock valued at $325,007,000 after acquiring an additional 47,528 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of WD-40 by 6.4% in the third quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company's stock worth $105,467,000 after buying an additional 32,333 shares during the period. First Trust Advisors LP grew its stake in shares of WD-40 by 41.9% in the first quarter. First Trust Advisors LP now owns 411,312 shares of the specialty chemicals company's stock valued at $83,883,000 after buying an additional 121,358 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in WD-40 by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 405,117 shares of the specialty chemicals company's stock valued at $79,778,000 after acquiring an additional 2,072 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Stock Performance

Shares of WDFC opened at $234.93 on Monday. 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 has a 52-week low of $175.38 and a 52-week high of $298.90. The stock has a 50 day moving average price of $232.36 and a 200 day moving average price of $224.62. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 35.70 and a beta of 0.27.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The company had revenue of $195.12 million during the quarter, compared to analysts' expectations of $172.79 million. During the same quarter in the previous year, the business earned $1.54 earnings per share. The firm's revenue for the quarter was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Research analysts predict that WD-40 will post 6.24 EPS for the current fiscal year.

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, July 17th. WD-40's payout ratio 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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