Squarepoint Ops LLC Reduces Position in WD-40 Company $WDFC

Squarepoint Ops LLC trimmed its holdings in WD-40 Company (NASDAQ:WDFC) by 54.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 16,206 shares of the specialty chemicals company’s stock after selling 19,527 shares during the quarter. Squarepoint Ops LLC’s holdings in WD-40 were worth $3,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in WD-40 by 4.6% in the 1st quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company’s stock valued at $5,032,000 after acquiring an additional 901 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of WD-40 by 7.4% during the 1st quarter. AQR Capital Management LLC now owns 6,366 shares of the specialty chemicals company’s stock worth $1,553,000 after purchasing an additional 437 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of WD-40 by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,096 shares of the specialty chemicals company’s stock valued at $1,975,000 after purchasing an additional 343 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of WD-40 by 6.6% in the first quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company’s stock valued at $385,000 after purchasing an additional 98 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of WD-40 by 476.2% in the first quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company’s stock valued at $911,000 after purchasing an additional 3,086 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WD-40

In related news, insider Patricia Olsem sold 200 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $234.72, for a total value of $46,944.00. Following the sale, the insider directly owned 4,574 shares in the company, valued at approximately $1,073,609.28. The trade was a 4.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Zacks Research upgraded WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. Weiss Ratings upgraded WD-40 from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 4th. Finally, DA Davidson boosted their price target on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, WD-40 presently has a consensus rating of “Buy” and a consensus target price of $305.00.

WD-40 Trading Down 2.1%

Shares of WD-40 stock opened at $194.82 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 29.61 and a beta of 0.27. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. The stock has a 50 day moving average of $227.92 and a 200 day moving average of $221.98.

WD-40 (NASDAQ:WDFC) last posted its earnings results 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. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The company had revenue of $195.12 million for the quarter, compared to the consensus estimate of $172.79 million. During the same quarter in the previous year, the business earned $1.54 earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, research analysts predict that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, July 17th. WD-40’s dividend payout ratio (DPR) is presently 62.01%.

WD-40 Profile

WD-40 Company (NASDAQ:WDFC) develops and markets maintenance, homecare, and cleaning products for consumers, professional tradespeople, and industrial users. Its best-known product is WD-40 Multi-Use Product, a spray designed to displace moisture, lubricate, protect against corrosion, and loosen stuck parts.

The company also offers specialized products under the WD-40 Specialist brand, including lubricants, degreasers, rust removers, and other maintenance solutions. Its portfolio includes 3-IN-ONE lubricants and other products for household, automotive, industrial, and outdoor applications, as well as bicycle care products sold under the WD-40 Bike brand.

Founded in 1953 as Rocket Chemical Company, WD-40 Company is based in San Diego, California.