WD-40 (NASDAQ:WDFC) Stock Rating Upgraded by Zacks Research

WD-40 (NASDAQ:WDFC) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. William Blair assumed coverage on shares of WD-40 in a research note on Monday, April 6th. They issued 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 research report on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a report on Friday, July 10th. Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, DA Davidson boosted their price target on WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Two investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $305.00.

WD-40 Trading Up 0.1%

Shares of WDFC stock opened at $249.40 on Tuesday. The business’s fifty day moving average price is $222.26 and its 200 day moving average price is $220.43. The firm has a market capitalization of $3.35 billion, a PE ratio of 37.90 and a beta of 0.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. WD-40 has a 1-year low of $175.38 and a 1-year high of $298.90.

WD-40 (NASDAQ:WDFC) last released its earnings results 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. The company had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.WD-40’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 earnings per share. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, sell-side analysts forecast that WD-40 will post 6.26 EPS for the current fiscal year.

Hedge Funds Weigh In On WD-40

Institutional investors have recently made changes to their positions in the stock. Covestor Ltd lifted its stake in shares of WD-40 by 9.8% during the fourth quarter. Covestor Ltd now owns 549 shares of the specialty chemicals company’s stock valued at $108,000 after buying an additional 49 shares during the period. Oregon Public Employees Retirement Fund boosted its position in WD-40 by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,050 shares of the specialty chemicals company’s stock worth $601,000 after acquiring an additional 50 shares during the last quarter. Allworth Financial LP grew its stake in WD-40 by 4.4% in the 3rd quarter. Allworth Financial LP now owns 1,317 shares of the specialty chemicals company’s stock worth $260,000 after acquiring an additional 56 shares during the period. Versant Capital Management Inc grew its stake in WD-40 by 13.7% in the 2nd quarter. Versant Capital Management Inc now owns 474 shares of the specialty chemicals company’s stock worth $115,000 after acquiring an additional 57 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in WD-40 by 3.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,829 shares of the specialty chemicals company’s stock valued at $360,000 after acquiring an additional 59 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

About WD-40

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.