Maverick Capital Ltd. Has $1.47 Million Stake in WD-40 Company $WDFC

Maverick Capital Ltd. reduced its stake in shares of WD-40 Company (NASDAQ:WDFC) by 32.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,212 shares of the specialty chemicals company’s stock after selling 3,474 shares during the quarter. Maverick Capital Ltd.’s holdings in WD-40 were worth $1,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in WD-40 by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock valued at $325,007,000 after buying an additional 47,528 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of WD-40 by 73.5% during the third quarter. JPMorgan Chase & Co. now owns 41,100 shares of the specialty chemicals company’s stock worth $8,121,000 after acquiring an additional 17,409 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of WD-40 by 138.6% during the third quarter. Tudor Investment Corp ET AL now owns 40,674 shares of the specialty chemicals company’s stock valued at $8,037,000 after acquiring an additional 23,626 shares during the period. GCQ FUNDS MANAGEMENT PTY Ltd lifted its stake in shares of WD-40 by 89.2% during the fourth quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock valued at $43,559,000 after acquiring an additional 104,282 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of WD-40 by 10,648.8% during the first quarter. Fifth Third Bancorp now owns 22,250 shares of the specialty chemicals company’s stock valued at $4,538,000 after acquiring an additional 22,043 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on WDFC shares. Weiss Ratings lowered WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. William Blair started coverage on shares of WD-40 in a research note on Monday, April 6th. They issued an “outperform” rating on the stock. Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, DA Davidson lifted their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $305.00.

WD-40 Stock Up 1.0%

NASDAQ:WDFC opened at $233.55 on Tuesday. WD-40 Company has a 12-month low of $175.38 and a 12-month high of $298.90. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.13 billion, a P/E ratio of 35.49 and a beta of 0.26. The stock’s fifty day simple moving average is $227.85 and its 200-day simple moving average is $222.72.

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, beating 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 return on equity of 33.53% and a net margin of 13.23%.The firm’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 earnings per share. 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 business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, July 17th. WD-40’s payout ratio is presently 62.01%.

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.