Corient Private Wealth LP Takes $2.69 Million Position in WD-40 Company $WDFC

Corient Private Wealth LP acquired a new position in shares of WD-40 Company (NASDAQ:WDFC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 11,022 shares of the specialty chemicals company’s stock, valued at approximately $2,685,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of WDFC. Bank of America Corp DE purchased a new stake in WD-40 during the 2nd quarter worth about $8,572,000. Freestone Grove Partners LP acquired a new position in shares of WD-40 during the 2nd quarter worth about $570,000. Man Group plc purchased a new position in shares of WD-40 in the 2nd quarter valued at about $2,791,000. Jupiter Topco LLC purchased a new position in shares of WD-40 in the 2nd quarter valued at about $1,503,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of WD-40 during the 2nd quarter worth about $1,998,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Stock Down 0.7%

WD-40 stock opened at $212.65 on Wednesday. The stock has a 50-day simple moving average of $234.47 and a 200-day simple moving average of $223.94. The company has a market capitalization of $2.85 billion, a P/E ratio of 32.32 and a beta of 0.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The company had revenue of $195.12 million for the quarter, compared to analyst estimates of $172.79 million. During the same quarter in the previous year, the company posted $1.54 earnings per share. The firm’s 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. Equities research analysts expect that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, July 17th. WD-40’s payout ratio is presently 62.01%.

Analyst Upgrades and Downgrades

WDFC has been the subject of several recent analyst reports. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. DA Davidson boosted their price objective on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Friday, August 21st. Zacks Research raised shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. 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. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $305.00.

Insider Buying and Selling

In related news, insider Patricia Q. Olsem sold 200 shares of the company’s 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 sale, the insider owned 4,574 shares in the company, valued at $1,073,609.28. This represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is currently owned by company insiders.

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.