WD-40 Company $WDFC Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of WD-40 Company (NASDAQ:WDFC) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,377 shares of the specialty chemicals company’s stock after selling 4,098 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of WD-40 worth $8,132,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quarry LP boosted its stake in shares of WD-40 by 1,462.5% in the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in WD-40 in the second quarter worth $28,000. EverSource Wealth Advisors LLC raised its position in WD-40 by 207.8% in the second quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in WD-40 by 400.0% in the third quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock valued at $42,000 after acquiring an additional 172 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in WD-40 by 195.4% in the third quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 170 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Stock Performance

NASDAQ:WDFC opened at $207.57 on Tuesday. The company has a market capitalization of $2.79 billion, a PE ratio of 31.55 and a beta of 0.27. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. WD-40 Company has a 52-week low of $175.38 and a 52-week high of $298.90. The stock has a fifty day simple moving average of $231.55 and a 200-day simple moving average of $223.00.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data 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 net margin of 13.23% and a return on equity of 33.53%. The business had revenue of $195.12 million for the quarter, compared to analyst estimates of $172.79 million. During the same period in the previous year, the firm earned $1.54 EPS. The business’s revenue for the quarter 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. On average, equities research analysts expect that WD-40 Company will post 6.24 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were given a $1.02 dividend. The ex-dividend date was Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. WD-40’s dividend payout ratio is currently 62.01%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WDFC shares. Zacks Research raised shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded shares of WD-40 from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Jefferies Financial Group reissued a “hold” rating on shares of WD-40 in a report on Friday, July 10th. DA Davidson upped their target price 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. Finally, Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $305.00.

Insider Activity at WD-40

In other news, insider Patricia Olsem sold 200 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 4,574 shares of the company’s stock, valued at $1,073,609.28. This trade represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.78% of the stock is owned by corporate insiders.

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.