WD-40 Company (NASDAQ:WDFC) Receives Average Rating of “Buy” from Brokerages

Shares of WD-40 Company (NASDAQ:WDFC) have earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $305.00.

WDFC has been the subject of several research analyst reports. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Zacks Research upgraded shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. DA Davidson raised their price target on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings lowered shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of WD-40 in a report on Friday, July 10th.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $229.24 on Monday. The firm has a market cap of $3.08 billion, a P/E ratio of 34.84 and a beta of 0.27. WD-40 has a twelve month low of $175.38 and a twelve month high of $298.90. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $235.53 and a 200 day moving average of $225.29.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping 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 analyst estimates of $172.79 million. During the same quarter last year, the company earned $1.54 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that WD-40 will post 6.24 EPS for the current fiscal year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, July 17th. WD-40’s payout ratio is 62.01%.

Insider Buying and Selling

In other WD-40 news, insider Patricia Q. Olsem sold 200 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $234.72, for a total transaction of $46,944.00. Following the completion of the sale, the insider directly owned 4,574 shares in the company, valued at approximately $1,073,609.28. The trade was a 4.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

Hedge Funds Weigh In On WD-40

Several hedge funds and other institutional investors have recently modified their holdings of WDFC. Freestone Grove Partners LP bought a new stake in shares of WD-40 in the second quarter worth $570,000. Man Group plc purchased a new stake in WD-40 during the second quarter valued at $2,791,000. Jupiter Topco LLC bought a new position in WD-40 in the second quarter valued at about $1,503,000. Canada Pension Plan Investment Board bought a new position in WD-40 in the second quarter valued at about $1,998,000. Finally, Legal & General Group Plc purchased a new position in WD-40 in the second quarter worth about $7,400,000. 91.52% of the stock is owned by institutional investors.

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.