3,500 Shares in WD-40 Company $WDFC Purchased by Pavion Blue Capital LLC

Pavion Blue Capital LLC acquired a new position in WD-40 Company (NASDAQ:WDFC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,500 shares of the specialty chemicals company’s stock, valued at approximately $853,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in 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 buying an additional 47,528 shares in the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd increased its holdings in shares of WD-40 by 89.2% during the fourth quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock valued at $43,559,000 after acquiring an additional 104,282 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of WD-40 by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 294,277 shares of the specialty chemicals company’s stock valued at $60,015,000 after acquiring an additional 7,886 shares in the last quarter. Fifth Third Bancorp raised its position in shares of WD-40 by 10,648.8% in the 1st quarter. Fifth Third Bancorp now owns 22,250 shares of the specialty chemicals company’s stock worth $4,538,000 after purchasing an additional 22,043 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of 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 worth $6,375,000 after purchasing an additional 9,517 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

WD-40 Trading Down 0.1%

WD-40 stock opened at $229.01 on Tuesday. WD-40 Company has a one year low of $175.38 and a one year high of $298.90. The business’s fifty day moving average is $236.00 and its 200 day moving average is $225.36. The stock has a market capitalization of $3.07 billion, a PE ratio of 34.80 and a beta of 0.27. 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 (NASDAQ:WDFC) last issued its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. The business had revenue of $195.12 million during the quarter, compared to analyst estimates of $172.79 million. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.WD-40’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, sell-side analysts predict that WD-40 Company will post 6.24 EPS for the current year.

WD-40 Dividend Announcement

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

Insider Buying and Selling at WD-40

In other news, insider Patricia Q. 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 transaction of $70,119.00. Following the completion of the transaction, the insider directly owned 4,774 shares of the company’s stock, valued at $1,115,827.02. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on WDFC. Weiss Ratings downgraded shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. DA Davidson upped their target price on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Zacks Research upgraded shares of WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Two investment 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus 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.