Ieq Capital LLC Takes Position in WD-40 Company $WDFC

Ieq Capital LLC purchased a new position in WD-40 Company (NASDAQ:WDFC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,896 shares of the specialty chemicals company’s stock, valued at approximately $949,000.

Several other institutional investors also recently added to or reduced their stakes in WDFC. BlackRock Inc. bought a new stake in WD-40 in the second quarter worth about $505,734,000. Vanguard Group Inc. increased its stake in shares of WD-40 by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock worth $325,007,000 after purchasing an additional 47,528 shares during the last quarter. Alliancebernstein L.P. increased 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 purchasing an additional 32,333 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of WD-40 by 41.9% in the 1st quarter. First Trust Advisors LP now owns 411,312 shares of the specialty chemicals company’s stock worth $83,883,000 after purchasing an additional 121,358 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of WD-40 by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 405,117 shares of the specialty chemicals company’s stock worth $79,778,000 after purchasing an additional 2,072 shares during the period. Institutional investors own 91.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WDFC. Northcoast Research raised WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a research note on Friday, August 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, DA Davidson boosted their price objective on WD-40 from $270.00 to $305.00 and gave the company 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 assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, WD-40 presently has an average rating of “Buy” and an average target price of $305.00.

WD-40 Price Performance

Shares of NASDAQ:WDFC opened at $218.92 on Friday. The company has a 50 day moving average of $235.15 and a 200 day moving average of $224.42. The stock has a market cap of $2.94 billion, a P/E ratio of 33.27 and a beta of 0.27. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $298.90. 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 (NASDAQ:WDFC) last posted its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $172.79 million. During the same quarter in the prior year, the firm posted $1.54 EPS. WD-40’s 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, sell-side analysts forecast that WD-40 Company will post 6.24 EPS for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 1.9%. WD-40’s dividend payout ratio (DPR) is currently 62.01%.

Insider Transactions at WD-40

In related news, insider Patricia Q. Olsem sold 200 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $234.72, for a total transaction of $46,944.00. Following the completion of the transaction, the insider directly owned 4,574 shares in the company, valued at $1,073,609.28. The trade was a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

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.