Hsbc Holdings PLC bought a new stake in WD-40 Company (NASDAQ:WDFC – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,206 shares of the specialty chemicals company’s stock, valued at approximately $637,000.
A number of other institutional investors and hedge funds have also made changes to their positions in WDFC. Quarry LP lifted its holdings in shares of 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 during the last quarter. Fortitude Family Office LLC grew its stake in WD-40 by 4,133.3% during the 4th quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 124 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 period. Brown Brothers Harriman & Co. lifted its stake in 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 during the last quarter. Finally, Parallel Advisors LLC lifted its stake in 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 during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Weiss Ratings lowered shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. DA Davidson lifted their price objective 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. William Blair started coverage on shares of WD-40 in a research note on Monday, April 6th. They set an “outperform” rating for the company. Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.00.
WD-40 Stock Up 0.1%
Shares of WDFC stock opened at $249.40 on Thursday. WD-40 Company has a 1 year low of $175.38 and a 1 year high of $298.90. 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 business’s fifty day moving average is $222.26 and its 200-day moving average is $220.43. The stock has a market cap of $3.35 billion, a PE ratio of 37.90 and a beta of 0.26.
WD-40 (NASDAQ:WDFC – Get Free Report) last announced its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The business had revenue of $195.12 million during the quarter, compared to analyst estimates of $172.79 million. During the same quarter in the prior year, the firm posted $1.54 earnings per share. The company’s 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. Equities analysts expect that WD-40 Company will post 6.26 earnings per share for the current fiscal year.
WD-40 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 17th. WD-40’s dividend payout ratio is presently 62.01%.
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.
Read More
- Five stocks we like better than WD-40
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.
