WD-40 (NASDAQ:WDFC) Now Covered by William Blair

Equities researchers at William Blair assumed coverage on shares of WD-40 (NASDAQ:WDFC) in a research note issued on Monday. The brokerage set an “outperform” rating on the specialty chemicals company’s stock.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.00.

WD-40 Stock Performance

Shares of WDFC opened at $206.18 on Monday. WD-40 has a one year low of $175.38 and a one year high of $253.48. The stock has a 50-day moving average price of $229.00 and a 200 day moving average price of $209.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.05 and a current ratio of 2.97. The company has a market capitalization of $2.78 billion, a P/E ratio of 31.38 and a beta of 0.25.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $155.10 million. During the same quarter in the prior year, the firm earned $1.39 earnings per share. WD-40’s revenue for the quarter was up .6% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. Sell-side analysts forecast that WD-40 will post 5.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David Pendarvis acquired 424 shares of the business’s stock in a transaction on 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 purchase, the director directly owned 6,898 shares of the company’s stock, valued at $1,704,840.70. This represents a 6.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Quarry LP raised its position in shares of WD-40 by 1,462.5% during the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in WD-40 by 4,133.3% in the fourth quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 124 shares during the period. HM Payson & Co. bought a new stake in WD-40 during the third quarter valued at $28,000. EverSource Wealth Advisors LLC increased its stake in WD-40 by 207.8% during the second quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 106 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of WD-40 by 340.5% during the third quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Company 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.