WD-40 (NASDAQ:WDFC) Insider Patricia Olsem Sells 200 Shares

WD-40 Company (NASDAQ:WDFC) insider Patricia Olsem sold 200 shares of WD-40 stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $234.72, for a total value of $46,944.00. Following the completion of the transaction, the insider directly owned 4,574 shares of the company’s stock, valued at $1,073,609.28. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

WD-40 Price Performance

Shares of WDFC traded down $0.86 during trading hours on Friday, hitting $229.24. 89,860 shares of the company were exchanged, compared to its average volume of 175,383. 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 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 34.84 and a beta of 0.27. The firm’s fifty day moving average is $235.01 and its 200 day moving average is $225.21.

WD-40 (NASDAQ:WDFC) last posted its quarterly 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. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The business had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. During the same quarter in the previous year, the firm earned $1.54 earnings per share. WD-40’s revenue for the quarter was up 24.3% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a $1.02 dividend. 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 (DPR) is currently 62.01%.

Hedge Funds Weigh In On WD-40

Several large investors have recently bought and sold shares of the company. Quarry LP boosted its stake in shares of WD-40 by 1,462.5% during the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of WD-40 by 207.8% in the second quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 106 shares during the period. Brown Brothers Harriman & Co. raised its holdings in WD-40 by 400.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock valued at $42,000 after buying an additional 172 shares during the last quarter. Parallel Advisors LLC raised its holdings in WD-40 by 195.4% in the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in WD-40 by 243.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 197 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WDFC. Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Weiss Ratings cut WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. DA Davidson lifted their price target on WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of WD-40 in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $305.00.

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.