Whittier Trust Co. Trims Stock Holdings in WD-40 Company $WDFC

Whittier Trust Co. lessened its position in shares of WD-40 Company (NASDAQ:WDFC) by 82.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,337 shares of the specialty chemicals company’s stock after selling 38,900 shares during the quarter. Whittier Trust Co. owned 0.06% of WD-40 worth $1,619,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of WD-40 during the second quarter worth about $36,563,000. Laurel Wealth Advisors LLC lifted its stake in WD-40 by 22,709.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 157,383 shares of the specialty chemicals company’s stock valued at $35,897,000 after acquiring an additional 156,693 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of WD-40 by 24.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 333,505 shares of the specialty chemicals company’s stock valued at $76,069,000 after acquiring an additional 65,423 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of WD-40 by 1,080.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 59,826 shares of the specialty chemicals company’s stock valued at $13,646,000 after acquiring an additional 54,759 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of WD-40 by 11.9% in the second quarter. Alliancebernstein L.P. now owns 501,405 shares of the specialty chemicals company’s stock worth $114,365,000 after acquiring an additional 53,225 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WDFC has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. DA Davidson set a $300.00 price objective on WD-40 in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $300.00.

Insider Buying and Selling at WD-40

In related news, Director David Pendarvis purchased 523 shares of WD-40 stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $196.37 per share, for a total transaction of $102,701.51. Following the transaction, the director directly owned 5,862 shares in the company, valued at approximately $1,151,120.94. This trade represents a 9.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Etchart purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average cost of $194.02 per share, for a total transaction of $97,010.00. Following the completion of the purchase, the director directly owned 8,370 shares in the company, valued at $1,623,947.40. This represents a 6.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.78% of the stock is currently owned by insiders.

WD-40 Stock Up 0.8%

WDFC opened at $216.83 on Tuesday. The company has a fifty day moving average of $199.90 and a two-hundred day moving average of $205.10. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 33.01 and a beta of 0.15. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $253.48. 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 (NASDAQ:WDFC) last posted its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.17). The business had revenue of $154.42 million for the quarter, compared to analyst estimates of $155.10 million. WD-40 had a net margin of 14.42% and a return on equity of 30.10%. WD-40’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $1.39 earnings per share. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. On average, research analysts expect that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. This is an increase from WD-40’s previous quarterly dividend of $0.94. WD-40’s dividend payout ratio is 62.10%.

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.