New York State Teachers Retirement System Sells 3,931 Shares of WD-40 Company $WDFC

New York State Teachers Retirement System trimmed its position in shares of WD-40 Company (NASDAQ:WDFC) by 23.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,008 shares of the specialty chemicals company’s stock after selling 3,931 shares during the period. New York State Teachers Retirement System owned about 0.10% of WD-40 worth $2,653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of WD-40 by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock valued at $325,007,000 after buying an additional 47,528 shares during the period. Alliancebernstein L.P. lifted its stake in shares of WD-40 by 6.4% during the 3rd quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company’s stock worth $105,467,000 after acquiring an additional 32,333 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of WD-40 by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 405,117 shares of the specialty chemicals company’s stock worth $79,778,000 after acquiring an additional 2,072 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings 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 valued at $76,069,000 after acquiring an additional 65,423 shares during the period. Finally, First Trust Advisors LP boosted its holdings in WD-40 by 62.5% during the 4th quarter. First Trust Advisors LP now owns 289,954 shares of the specialty chemicals company’s stock valued at $57,092,000 after acquiring an additional 111,559 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

Key WD-40 News

Here are the key news stories impacting WD-40 this week:

• Positive Sentiment: WD-40 reported quarterly EPS of $2.33, well above the Zacks consensus of $1.58 and up from $1.54 a year ago, signaling stronger profitability than expected. Article Title
• Positive Sentiment: Revenue came in at $195.1 million, topping expectations of $172.8 million, with sales up 24% year over year, which supports the view that demand remains solid. Article Title
• Positive Sentiment: The company lifted FY2026 EPS guidance to $6.05-$6.35 versus the prior consensus of $5.99, and projected $675 million-$690 million in revenue, above the street estimate of $660.3 million, suggesting management sees continued momentum. Article Title
• Neutral Sentiment: Additional market coverage highlighted the earnings release and investor reaction, but did not add new fundamental information beyond the beat-and-raise results. Article Title

WD-40 Stock Performance

WDFC stock opened at $239.42 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.83 and a quick ratio of 1.98. The business has a 50-day moving average price of $218.83 and a 200 day moving average price of $218.91. The company has a market capitalization of $3.22 billion, a P/E ratio of 40.72 and a beta of 0.26. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $253.24.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.75. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The company had revenue of $195.12 million for the quarter, compared to analysts’ expectations of $172.79 million. During the same period in the prior year, the business 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. As a group, equities research analysts forecast that WD-40 Company will post 5.99 EPS for the current fiscal year.

WD-40 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. WD-40’s dividend payout ratio (DPR) is currently 69.39%.

Analyst Ratings Changes

Several analysts have recently weighed in on WDFC shares. William Blair initiated coverage on WD-40 in a research report on Monday, April 6th. They set an “outperform” rating for the company. Weiss Ratings lowered shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, DA Davidson dropped their target price on shares of WD-40 from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, WD-40 currently has an average rating of “Buy” and an average price target of $270.00.

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.