WD-40 (NASDAQ:WDFC) Insider Patricia Olsem Sells 200 Shares of Stock

WD-40 Company (NASDAQ:WDFC) insider Patricia Olsem sold 200 shares of WD-40 stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $234.72, for a total transaction of $46,944.00. Following the transaction, the insider directly owned 4,574 shares of the company’s stock, valued at approximately $1,073,609.28. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

WD-40 Price Performance

WDFC opened at $229.24 on Friday. The stock has a 50-day moving average price of $235.53 and a 200-day moving average price of $225.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. The firm has a market cap of $3.08 billion, a PE ratio of 34.84 and a beta of 0.27. WD-40 Company has a 1 year low of $175.38 and a 1 year high of $298.90.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.75. The business had revenue of $195.12 million for the quarter, compared to analysts’ expectations of $172.79 million. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts predict that WD-40 Company will post 6.24 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, July 17th. WD-40’s dividend payout ratio (DPR) is currently 62.01%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WDFC. DA Davidson increased their price target on WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Weiss Ratings downgraded WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $305.00.

Institutional Investors Weigh In On WD-40

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDFC. Quarry LP lifted its position in WD-40 by 1,462.5% in the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of 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. Parallel Advisors LLC raised its stake in shares of 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. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of WD-40 by 243.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company’s stock worth $55,000 after acquiring an additional 197 shares during the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

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.