Intech Investment Management LLC Boosts Holdings in WD-40 Company $WDFC

Intech Investment Management LLC grew its position in shares of WD-40 Company (NASDAQ:WDFC) by 29.6% in the third quarter, Holdings Channel reports. The firm owned 17,203 shares of the specialty chemicals company’s stock after purchasing an additional 3,933 shares during the period. Intech Investment Management LLC’s holdings in WD-40 were worth $3,399,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WDFC. HM Payson & Co. bought a new stake in WD-40 during the third quarter valued at $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of WD-40 by 207.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 106 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of WD-40 by 340.5% during the 3rd quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 126 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of WD-40 during the third quarter worth about $97,000. Finally, Covestor Ltd increased its position in shares of WD-40 by 49,900.0% in the third quarter. Covestor Ltd now owns 500 shares of the specialty chemicals company’s stock worth $99,000 after purchasing an additional 499 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Down 1.6%

Shares of WDFC opened at $238.20 on Monday. WD-40 Company has a 1 year low of $175.38 and a 1 year high of $253.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.97 and a quick ratio of 2.05. The stock has a 50 day simple moving average of $219.39 and a two-hundred day simple moving average of $208.51. The firm has a market cap of $3.21 billion, a P/E ratio of 36.26 and a beta of 0.17.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.27). WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The business had revenue of $154.42 million during the quarter, compared to the consensus estimate of $155.10 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. On average, analysts forecast that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a dividend of $1.02 per share. The ex-dividend date was Friday, January 16th. This is a positive change from WD-40’s previous quarterly dividend of $0.94. This represents a $4.08 annualized dividend and a yield of 1.7%. WD-40’s dividend payout ratio (DPR) is currently 62.10%.

Insider Activity

In related news, Director David Pendarvis acquired 424 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were purchased at an average price of $247.15 per share, for a total transaction of $104,791.60. Following the completion of the acquisition, the director owned 6,898 shares in the company, valued at approximately $1,704,840.70. This represents a 6.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

WDFC has been the subject of several research analyst reports. DA Davidson set a $300.00 target price on shares of WD-40 in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

WD-40 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.