WD-40 (NASDAQ:WDFC) Insider Patricia Olsem Sells 300 Shares of Stock

WD-40 Company (NASDAQ:WDFC) insider Patricia Olsem sold 300 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $233.73, for a total transaction of $70,119.00. Following the sale, the insider directly owned 4,774 shares of the company’s stock, valued at $1,115,827.02. This trade represents a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

WD-40 Trading Down 0.3%

WD-40 stock opened at $232.50 on Thursday. WD-40 Company has a one year low of $175.38 and a one year high of $298.90. The business’s fifty day moving average is $234.47 and its 200 day moving average is $225.10. The stock has a market capitalization of $3.12 billion, a PE ratio of 35.33 and a beta of 0.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95.

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. The business had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The firm’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, sell-side analysts predict that WD-40 Company will post 6.24 EPS for the current year.

WD-40 Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a 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 raised their target price 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. Two equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $305.00.

Institutional Investors Weigh In On WD-40

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in WD-40 in the second quarter worth about $505,734,000. Balyasny Asset Management L.P. acquired a new stake in shares of WD-40 during the fourth quarter worth $29,291,000. Royce & Associates LP grew its holdings in shares of WD-40 by 739.8% during the fourth quarter. Royce & Associates LP now owns 165,187 shares of the specialty chemicals company’s stock valued at $32,525,000 after buying an additional 145,517 shares during the last quarter. First Trust Advisors LP increased its position 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 valued at $83,883,000 after acquiring an additional 121,358 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in WD-40 in the 2nd quarter worth $29,162,000. 91.52% of the stock is owned by hedge funds and other 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.