The Manufacturers Life Insurance Company Invests $1.62 Million in WD-40 Company $WDFC

Posted by Brenda Bartman on Sep 4th, 2026

The Manufacturers Life Insurance Company purchased a new position in shares of WD-40 Company (NASDAQ:WDFC – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 6,655 shares of the specialty chemicals company’s stock, valued at approximately $1,621,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WDFC. Quarry LP boosted its holdings 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 buying an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC raised 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 valued at $36,000 after acquiring an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position 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 acquiring an additional 172 shares in the last quarter. Parallel Advisors LLC lifted its position 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 acquiring an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted 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 worth $55,000 after acquiring an additional 197 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other WD-40 news, insider Patricia Olsem sold 300 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were 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 in the company, valued at $1,115,827.02. The trade was a 5.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on WD-40

WD-40 Stock Performance

NASDAQ WDFC opened at $210.46 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 stock’s fifty day moving average is $233.12 and its two-hundred day moving average is $223.50. The firm has a market capitalization of $2.82 billion, a P/E ratio of 31.98 and a beta of 0.27. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90.

WD-40 (NASDAQ:WDFC – Get Free Report) last posted its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.58 by $0.75. The business had revenue of $195.12 million for 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%.The company’s quarterly revenue was up 24.3% compared to the same quarter last year. 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, research analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Announces Dividend

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

About WD-40

(Free Report)

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.