TrueMark Investments LLC Raises Stock Holdings in WD-40 Company $WDFC

TrueMark Investments LLC raised its stake in WD-40 Company (NASDAQ:WDFC) by 151.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,879 shares of the specialty chemicals company’s stock after buying an additional 8,363 shares during the quarter. TrueMark Investments LLC’s holdings in WD-40 were worth $2,742,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WDFC. HM Payson & Co. acquired a new stake in shares of WD-40 during the third quarter valued at about $28,000. Ameritas Advisory Services LLC purchased a new position in shares of WD-40 during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its position in shares of WD-40 by 207.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 106 shares during the period. Pacer Advisors Inc. acquired a new stake in WD-40 in the 3rd quarter valued at approximately $97,000. Finally, Covestor Ltd raised its position in WD-40 by 49,900.0% in the third quarter. Covestor Ltd now owns 500 shares of the specialty chemicals company’s stock valued at $99,000 after purchasing an additional 499 shares during the period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Analyst Upgrades and Downgrades

WDFC has been the subject of a number of research reports. DA Davidson set a $300.00 price objective on WD-40 in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.00.

Insider Buying and Selling

In other news, Director Eric Etchart acquired 500 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $194.02 per share, with a total value of $97,010.00. Following the transaction, the director owned 8,370 shares in the company, valued at approximately $1,623,947.40. This trade represents a 6.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel T. Carter bought 1,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average price of $199.37 per share, with a total value of $199,370.00. Following the purchase, the director owned 7,205 shares of the company’s stock, valued at approximately $1,436,460.85. This represents a 16.12% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 2,640 shares of company stock valued at $522,765 over the last ninety days. 0.78% of the stock is currently owned by corporate insiders.

WD-40 Stock Up 0.0%

Shares of NASDAQ WDFC opened at $215.19 on Friday. The stock has a market cap of $2.90 billion, a P/E ratio of 32.75 and a beta of 0.15. The business’s fifty day simple moving average is $199.47 and its 200-day simple moving average is $205.49. WD-40 Company has a 12-month low of $175.38 and a 12-month high of $253.48. The company has a current ratio of 2.97, a quick ratio of 2.05 and a debt-to-equity ratio of 0.32.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.17). The company had revenue of $154.42 million for the quarter, compared to analysts’ expectations of $155.10 million. WD-40 had a return on equity of 30.10% and a net margin of 14.42%.WD-40’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 EPS. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. As a group, equities analysts predict that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.9%. This is a positive change from WD-40’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Friday, January 16th. WD-40’s dividend payout ratio is 62.10%.

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.