Insider Selling: WD-40 (NASDAQ:WDFC) Insider Sells $70,119.00 in Stock

WD-40 Company (NASDAQ:WDFC) insider Patricia Olsem sold 300 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $233.73, for a total transaction of $70,119.00. Following the completion of the transaction, the insider owned 4,774 shares of the company’s stock, valued at approximately $1,115,827.02. This represents a 5.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

WD-40 Price Performance

NASDAQ:WDFC opened at $229.24 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 50-day moving average of $235.53 and a 200-day moving average of $225.24. WD-40 Company has a 52 week low of $175.38 and a 52 week high of $298.90. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 34.84 and a beta of 0.27.

WD-40 (NASDAQ:WDFC) last posted its earnings results 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. The business had revenue of $195.12 million for the quarter, compared to analysts’ expectations of $172.79 million. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter 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 research analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. WD-40’s dividend payout ratio is presently 62.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WDFC. Quarry LP raised its position in WD-40 by 1,462.5% in the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of WD-40 by 207.8% during the second 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. grew its holdings in shares of WD-40 by 400.0% during the third 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 increased its stake 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 buying an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake 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 buying an additional 197 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About WD-40

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.