Shares of WD-40 Company (NASDAQ:WDFC – Get Free Report) traded up 3.5% on Wednesday . The company traded as high as $200.91 and last traded at $201.0450. Approximately 106,790 shares changed hands during trading, a decline of 36% from the average daily volume of 165,880 shares. The stock had previously closed at $194.23.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on WDFC shares. Zacks Research cut WD-40 from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Weiss Ratings downgraded shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. DA Davidson lifted their price target on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $305.00.
Read Our Latest Stock Analysis on WDFC
WD-40 Stock Up 2.5%
WD-40 (NASDAQ:WDFC – Get Free Report) last issued its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The firm had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. During the same quarter in the prior year, the firm earned $1.54 earnings per share. The business’s quarterly 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. On average, equities analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current year.
Insider Transactions at WD-40
In other WD-40 news, insider Patricia Olsem sold 300 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $233.73, for a total value of $70,119.00. Following the completion of the transaction, the insider directly owned 4,774 shares of the company’s stock, valued at approximately $1,115,827.02. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.
Hedge Funds Weigh In On WD-40
Several institutional investors have recently modified their holdings of WDFC. BlackRock Inc. acquired a new stake in WD-40 during the 2nd quarter worth approximately $505,734,000. First Trust Advisors LP increased its position in shares of WD-40 by 41.9% during the first quarter. First Trust Advisors LP now owns 411,312 shares of the specialty chemicals company’s stock worth $83,883,000 after acquiring an additional 121,358 shares in the last quarter. Geode Capital Management LLC increased its position in shares of WD-40 by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 405,117 shares of the specialty chemicals company’s stock worth $79,778,000 after acquiring an additional 2,072 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of WD-40 by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 294,277 shares of the specialty chemicals company’s stock worth $60,015,000 after acquiring an additional 7,886 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of WD-40 by 739.8% during the fourth quarter. Royce & Associates LP now owns 165,187 shares of the specialty chemicals company’s stock worth $32,525,000 after acquiring an additional 145,517 shares during the period. Institutional investors own 91.52% of the company’s stock.
About WD-40
WD-40 Company (NASDAQ:WDFC) develops and markets maintenance, homecare, and cleaning products for consumers, professional tradespeople, and industrial users. Its best-known product is WD-40 Multi-Use Product, a spray designed to displace moisture, lubricate, protect against corrosion, and loosen stuck parts.
The company also offers specialized products under the WD-40 Specialist brand, including lubricants, degreasers, rust removers, and other maintenance solutions. Its portfolio includes 3-IN-ONE lubricants and other products for household, automotive, industrial, and outdoor applications, as well as bicycle care products sold under the WD-40 Bike brand.
Founded in 1953 as Rocket Chemical Company, WD-40 Company is based in San Diego, California.
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