VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.81 Million Investment in WD-40 Company $WDFC

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in WD-40 Company (NASDAQ:WDFC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,445 shares of the specialty chemicals company’s stock, valued at approximately $1,814,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in WD-40 by 22,031.7% during the second quarter. California State Teachers Retirement System now owns 3,712,586 shares of the specialty chemicals company’s stock valued at $904,534,000 after purchasing an additional 3,695,811 shares during the period. AXQ Capital LP purchased a new position in WD-40 during the 2nd quarter valued at about $588,000. Nykredit A S purchased a new stake in shares of WD-40 in the second quarter worth about $237,000. Headlands Technologies LLC boosted its position in shares of WD-40 by 36.3% in the second quarter. Headlands Technologies LLC now owns 2,633 shares of the specialty chemicals company’s stock valued at $642,000 after acquiring an additional 701 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in shares of WD-40 in the second quarter valued at approximately $981,000. 91.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WD-40

In related news, insider Patricia Olsem sold 300 shares of the company’s stock in a transaction on Monday, August 10th. The shares were 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 in the company, valued at approximately $1,115,827.02. The trade was a 5.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.78% of the company’s stock.

WD-40 Stock Down 2.1%

WDFC stock opened at $194.82 on Friday. The company’s 50 day moving average is $227.92 and its 200 day moving average is $221.98. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 29.61 and a beta of 0.27. The company has a current ratio of 2.65, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $298.90.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (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 business had revenue of $195.12 million during the quarter, compared to analyst estimates of $172.79 million. During the same period in the previous year, the business posted $1.54 earnings per share. WD-40’s revenue for the quarter was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts predict that WD-40 Company will post 6.24 EPS for the current fiscal year.

WD-40 Announces Dividend

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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, July 17th. WD-40’s payout ratio is currently 62.01%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson upped their target price on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Weiss Ratings upgraded shares of WD-40 from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, September 4th. Zacks Research raised shares of WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $305.00.

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.