WD-40 Company $WDFC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in shares of WD-40 Company (NASDAQ:WDFC) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,603,094 shares of the specialty chemicals company’s stock after selling 20,570 shares during the quarter. Vanguard Group Inc. owned about 11.85% of WD-40 worth $316,771,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WDFC. Alliancebernstein L.P. boosted its holdings in shares of WD-40 by 11.9% in the 2nd quarter. Alliancebernstein L.P. now owns 501,405 shares of the specialty chemicals company’s stock valued at $114,365,000 after acquiring an additional 53,225 shares during the last quarter. Geode Capital Management LLC grew its position in shares of WD-40 by 1.4% in the second quarter. Geode Capital Management LLC now owns 399,186 shares of the specialty chemicals company’s stock valued at $91,059,000 after purchasing an additional 5,621 shares during the period. Ameriprise Financial Inc. increased its stake in WD-40 by 24.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 333,505 shares of the specialty chemicals company’s stock worth $76,069,000 after buying an additional 65,423 shares in the last quarter. Geneva Capital Management LLC increased its position in shares of WD-40 by 6.1% during the second quarter. Geneva Capital Management LLC now owns 263,301 shares of the specialty chemicals company’s stock worth $60,056,000 after purchasing an additional 15,104 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of WD-40 in the second quarter valued at about $36,563,000. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Stock Performance

Shares of WDFC stock opened at $238.20 on Friday. The stock’s 50-day moving average is $219.39 and its two-hundred day moving average is $208.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.05 and a current ratio of 2.97. WD-40 Company has a 1 year low of $175.38 and a 1 year high of $253.48. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 36.26 and a beta of 0.18.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.27). The firm had revenue of $154.42 million for the quarter, compared to analyst estimates of $155.10 million. WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $1.39 EPS. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. Analysts predict that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, January 16th. This is an increase from WD-40’s previous quarterly dividend of $0.94. WD-40’s payout ratio is currently 62.10%.

Analysts Set New Price Targets

A number of research firms have commented on WDFC. DA Davidson set a $300.00 target price on shares of WD-40 in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $300.00.

Insider Activity at WD-40

In other news, Director David Pendarvis bought 424 shares of the stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $247.15 per share, with a total value of $104,791.60. Following the completion of the acquisition, the director directly owned 6,898 shares in the company, valued at approximately $1,704,840.70. The trade was a 6.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

About WD-40

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.