Ceredex Value Advisors LLC acquired a new position in shares of WD-40 Company (NASDAQ:WDFC – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 37,575 shares of the specialty chemicals company’s stock, valued at approximately $9,155,000.
Several other large investors have also recently added to or reduced their stakes in WDFC. Vanguard Group Inc. grew its position in shares of WD-40 by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock worth $325,007,000 after acquiring an additional 47,528 shares during the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd lifted its position in WD-40 by 89.2% in the 4th quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock valued at $43,559,000 after purchasing an additional 104,282 shares during the last quarter. Fifth Third Bancorp boosted its stake in WD-40 by 10,648.8% during the 1st quarter. Fifth Third Bancorp now owns 22,250 shares of the specialty chemicals company’s stock valued at $4,538,000 after purchasing an additional 22,043 shares during the period. Dimensional Fund Advisors LP boosted its stake in WD-40 by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 294,277 shares of the specialty chemicals company’s stock valued at $60,015,000 after purchasing an additional 7,886 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in WD-40 by 41.6% during the 4th quarter. Teacher Retirement System of Texas now owns 32,379 shares of the specialty chemicals company’s stock valued at $6,375,000 after purchasing an additional 9,517 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other WD-40 news, insider Patricia Q. Olsem sold 200 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $234.72, for a total value of $46,944.00. Following the completion of the sale, the insider directly owned 4,574 shares in the company, valued at $1,073,609.28. This represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.78% of the stock is currently owned by insiders.
WD-40 Stock Up 2.4%
WD-40 (NASDAQ:WDFC – Get Free Report) last released its quarterly 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. The company had revenue of $195.12 million for the quarter, compared to the consensus estimate of $172.79 million. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. WD-40’s revenue was up 24.3% on a year-over-year basis. During the same period 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, analysts expect that WD-40 Company will post 6.24 EPS for the current fiscal year.
WD-40 Dividend Announcement
The company 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 of this dividend was Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 1.9%. WD-40’s payout ratio is presently 62.01%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on WDFC shares. Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. Weiss Ratings downgraded WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. DA Davidson increased their price objective on WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Finally, Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Two investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $305.00.
Check Out Our Latest Analysis on WD-40
WD-40 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.
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