Patricia Olsem Sells 200 Shares of WD-40 (NASDAQ:WDFC) Stock

WD-40 Company (NASDAQ:WDFC) insider Patricia Olsem sold 200 shares of WD-40 stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $234.72, for a total transaction of $46,944.00. Following the sale, the insider owned 4,574 shares in the company, valued at approximately $1,073,609.28. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

WD-40 Stock Performance

Shares of WDFC opened at $229.24 on Friday. The firm has a 50-day moving average price of $235.53 and a 200 day moving average price of $225.24. The firm has a market capitalization of $3.08 billion, a PE ratio of 34.84 and a beta of 0.27. 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 52-week low of $175.38 and a 52-week high of $298.90.

WD-40 (NASDAQ:WDFC) last released its 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 net margin of 13.23% and a return on equity of 33.53%. The firm had revenue of $195.12 million for the quarter, compared to analysts’ expectations of $172.79 million. During the same quarter last year, the company earned $1.54 EPS. WD-40’s quarterly revenue 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, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, July 17th. WD-40’s dividend payout ratio (DPR) is currently 62.01%.

Institutional Trading of WD-40

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP boosted its holdings in WD-40 by 1,462.5% during the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in WD-40 by 207.8% in the second 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 during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of WD-40 by 400.0% in the third quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock valued at $42,000 after buying an additional 172 shares in the last quarter. Parallel Advisors LLC increased 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 buying an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of 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 acquiring an additional 197 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WDFC has been the subject of a number of research analyst reports. 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 reiterated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, DA Davidson raised their target price on WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, WD-40 currently has an average rating of “Buy” and a consensus price target 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.