Royal Bank of Canada Has $3.66 Million Stock Position in WD-40 Company $WDFC

Royal Bank of Canada reduced its position in shares of WD-40 Company (NASDAQ:WDFC) by 14.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,946 shares of the specialty chemicals company’s stock after selling 2,948 shares during the quarter. Royal Bank of Canada’s holdings in WD-40 were worth $3,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its position in WD-40 by 1,462.5% during the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position 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 worth $42,000 after purchasing an additional 172 shares during the last quarter. Parallel Advisors LLC boosted its stake in 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 during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in WD-40 by 243.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 197 shares during the period. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Down 0.4%

WDFC stock opened at $229.24 on Friday. WD-40 Company has a twelve month low of $175.38 and a twelve month high of $298.90. The company has a market cap of $3.08 billion, a PE ratio of 34.84 and a beta of 0.27. The business’s 50-day simple moving average is $235.53 and its 200 day simple moving average is $225.24. 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 (NASDAQ:WDFC) last posted its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The firm had revenue of $195.12 million during the quarter, compared to analysts’ expectations of $172.79 million. During the same quarter in the prior year, the firm posted $1.54 EPS. The company’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. On average, research analysts anticipate that WD-40 Company will post 6.24 earnings per share 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 dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, July 17th. WD-40’s payout ratio is 62.01%.

Insiders Place Their Bets

In related news, insider Patricia Q. Olsem sold 200 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $234.72, for a total value of $46,944.00. Following the sale, the insider owned 4,574 shares of the company’s stock, valued at $1,073,609.28. The trade was a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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