WD-40 (NASDAQ:WDFC) Insider Patricia Olsem Sells 300 Shares

Key Points

• Insider sale: Patricia Olsem sold 300 WD-40 shares at an average price of $233.73, reducing her position by 5.91% to 4,774 shares.
• Strong quarterly performance: WD-40 reported $2.33 in quarterly EPS and $195.12 million in revenue, surpassing analyst estimates, while revenue grew 24.3% year over year.
• Stock and outlook: Shares traded near $232.50, and analysts maintained an overall “Buy” consensus with a $305 target price. The company also pays a $1.02 quarterly dividend, equating to a 1.8% yield.

WD-40 Company (NASDAQ:WDFC - Get Free Report) insider Patricia Olsem sold 300 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $233.73, for a total value of $70,119.00. Following the completion of the sale, the insider directly owned 4,774 shares of the company's stock, valued at approximately $1,115,827.02. The trade was a 5.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

WD-40 Stock Down 0.3%

WDFC traded down $0.61 during midday trading on Wednesday, hitting $232.50. 84,275 shares of the company's stock traded hands, compared to its average volume of 176,592. The company has a market cap of $3.12 billion, a PE ratio of 35.33 and a beta of 0.27. The stock's fifty day simple moving average is $233.79 and its 200-day simple moving average is $224.98. 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 one year low of $175.38 and a one year high of $298.90.

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

WD-40 Announces Dividend

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

Institutional Trading of WD-40

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of WD-40 by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company's stock valued at $325,007,000 after purchasing an additional 47,528 shares during the period. GCQ FUNDS MANAGEMENT PTY Ltd lifted its position in WD-40 by 89.2% in the fourth quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company's stock worth $43,559,000 after purchasing an additional 104,282 shares during the period. Fifth Third Bancorp boosted its stake in WD-40 by 10,648.8% during the first quarter. Fifth Third Bancorp now owns 22,250 shares of the specialty chemicals company's stock worth $4,538,000 after buying an additional 22,043 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in WD-40 by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 294,277 shares of the specialty chemicals company's stock valued at $60,015,000 after buying an additional 7,886 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in WD-40 by 41.6% in the 4th quarter. Teacher Retirement System of Texas now owns 32,379 shares of the specialty chemicals company's stock valued at $6,375,000 after buying an additional 9,517 shares during the period. Institutional investors own 91.52% of the company's stock.

Analyst Upgrades and Downgrades

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

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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