Man Group plc Takes Position in WD-40 Company $WDFC

Man Group plc purchased a new position in WD-40 Company (NASDAQ:WDFC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,456 shares of the specialty chemicals company’s stock, valued at approximately $2,791,000. Man Group plc owned approximately 0.09% of WD-40 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP lifted its stake in WD-40 by 1,462.5% in the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $36,000 after purchasing an additional 106 shares in 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 worth $42,000 after purchasing an additional 172 shares during the period. 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 worth $51,000 after purchasing an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position 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 worth $55,000 after buying an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Trading Down 1.4%

Shares of WDFC opened at $214.15 on Tuesday. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 32.55 and a beta of 0.27. The firm has a 50 day moving average price of $234.77 and a 200-day moving average price of $224.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The company 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. The firm’s revenue was up 24.3% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities research analysts forecast that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a dividend of $1.02 per share. The ex-dividend date was Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 1.9%. WD-40’s dividend payout ratio is currently 62.01%.

Insider Transactions at WD-40

In other WD-40 news, insider Patricia Q. Olsem sold 300 shares of WD-40 stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $233.73, for a total value of $70,119.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on WDFC shares. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a research report on Friday, August 21st. Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Jefferies Financial Group reissued a “hold” rating on shares of WD-40 in a report on Friday, July 10th. Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, DA Davidson lifted their target price on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average 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.