GCQ FUNDS MANAGEMENT PTY Ltd Acquires New Stake in WD-40 Company $WDFC

GCQ FUNDS MANAGEMENT PTY Ltd bought a new position in shares of WD-40 Company (NASDAQ:WDFCFree Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 30,749 shares of the specialty chemicals company’s stock, valued at approximately $7,492,000. WD-40 accounts for 1.0% of GCQ FUNDS MANAGEMENT PTY Ltd’s holdings, making the stock its 13th biggest holding. GCQ FUNDS MANAGEMENT PTY Ltd owned approximately 0.23% of WD-40 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. EP Wealth Advisors LLC acquired a new position in shares of WD-40 in the second quarter worth approximately $215,000. Ieq Capital LLC acquired a new position in shares of WD-40 in the 2nd quarter worth approximately $949,000. Callan Family Office LLC bought a new stake in shares of WD-40 in the 2nd quarter valued at $509,000. Allworth Financial LP bought a new stake in shares of WD-40 in the 2nd quarter valued at $279,000. Finally, Virtus Advisers LLC acquired a new stake in shares of WD-40 during the second quarter worth $451,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

Analyst Ratings Changes

WDFC has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Zacks Research upgraded 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 research report on Friday, July 10th. Finally, DA Davidson boosted their price objective on WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $305.00.

Read Our Latest Stock Analysis on WDFC

WD-40 Stock Performance

NASDAQ:WDFC opened at $217.08 on Friday. The company has a fifty day moving average of $235.97 and a 200-day moving average of $225.23. The firm has a market capitalization of $2.91 billion, a P/E ratio of 32.99 and a beta of 0.27. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. WD-40 Company has a twelve month low of $175.38 and a twelve month high of $298.90.

WD-40 (NASDAQ:WDFCGet Free Report) last issued its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (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 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 prior year, the firm earned $1.54 earnings per share. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, sell-side analysts anticipate that WD-40 Company will post 6.24 EPS for the current year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders 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 dividend yield of 1.9%. WD-40’s dividend payout ratio is currently 62.01%.

Insider Activity

In other news, insider Patricia Q. Olsem sold 300 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $233.73, for a total transaction of $70,119.00. Following the transaction, the insider owned 4,774 shares of the company’s stock, valued at $1,115,827.02. This represents a 5.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is owned by company insiders.

WD-40 Profile

(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.

See Also

Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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