WD-40 Company (NASDAQ:WDFC) Receives $305.00 Consensus Price Target from Analysts

Shares of WD-40 Company (NASDAQ:WDFC) have received a consensus rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $305.00.

Several equities research analysts have commented on WDFC shares. Weiss Ratings cut shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Zacks Research upgraded WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. DA Davidson lifted their target price on WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Northcoast Research upgraded 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 research report on Friday, July 10th.

WD-40 Price Performance

Shares of WDFC opened at $232.50 on Monday. 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 has a twelve month low of $175.38 and a twelve month high of $298.90. The stock has a market capitalization of $3.12 billion, a P/E ratio of 35.33 and a beta of 0.27. The company has a 50 day moving average of $234.47 and a 200-day moving average of $225.10.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 earnings per share. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities research analysts forecast that WD-40 will post 6.24 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, July 17th. WD-40’s dividend payout ratio is 62.01%.

Insider Activity at WD-40

In other news, insider Patricia Q. Olsem sold 300 shares of the business’s 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 directly owned 4,774 shares in the company, valued at $1,115,827.02. The trade was a 5.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WD-40

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in WD-40 in the 2nd quarter valued at $505,734,000. Balyasny Asset Management L.P. bought a new position in WD-40 during the fourth quarter worth $29,291,000. Royce & Associates LP boosted its position in 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 purchasing an additional 145,517 shares during the period. First Trust Advisors LP increased its holdings in shares of WD-40 by 41.9% in the first quarter. First Trust Advisors LP now owns 411,312 shares of the specialty chemicals company’s stock valued at $83,883,000 after purchasing an additional 121,358 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of WD-40 in the second quarter valued at $29,162,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

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.