WD-40 Company $WDFC Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its stake in WD-40 Company (NASDAQ:WDFC) by 41.9% in the 1st quarter, HoldingsChannel reports. The fund owned 411,312 shares of the specialty chemicals company’s stock after acquiring an additional 121,358 shares during the period. First Trust Advisors LP’s holdings in WD-40 were worth $83,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its position in shares of WD-40 by 4,133.3% in the 4th quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 124 shares during the period. Quarry LP increased its stake in shares of WD-40 by 1,462.5% during 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. EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in WD-40 by 400.0% during the third quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock worth $42,000 after purchasing an additional 172 shares during the period. Finally, Parallel Advisors LLC grew its stake in WD-40 by 195.4% in the 3rd 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 owned by institutional investors and hedge funds.

WD-40 Trading Down 0.6%

WDFC opened at $231.33 on Friday. WD-40 Company has a twelve month low of $175.38 and a twelve month high of $298.90. The firm has a market cap of $3.10 billion, a PE ratio of 35.16 and a beta of 0.26. 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 firm’s fifty day moving average is $227.26 and its two-hundred day moving average is $222.29.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The business had revenue of $195.12 million during the quarter, compared to analysts’ expectations of $172.79 million. During the same quarter in the prior year, the company earned $1.54 EPS. The firm’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. Equities research analysts anticipate that WD-40 Company will post 6.26 EPS for the current year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. WD-40’s payout ratio is currently 62.01%.

Wall Street Analyst Weigh In

Several research firms recently commented on WDFC. DA Davidson upped their target price on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 10th. William Blair began coverage on shares of WD-40 in a report on Monday, April 6th. They issued an “outperform” rating on the stock. Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $305.00.

WD-40 Company 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.