Intech Investment Management LLC Boosts Stock Position in WD-40 Company $WDFC

Intech Investment Management LLC raised its holdings in WD-40 Company (NASDAQ:WDFC) by 29.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,203 shares of the specialty chemicals company’s stock after purchasing an additional 3,933 shares during the quarter. Intech Investment Management LLC owned 0.13% of WD-40 worth $3,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WDFC. EverSource Wealth Advisors LLC boosted its holdings in shares of WD-40 by 63.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 256 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 99 shares during the last quarter. Advisors Preferred LLC bought a new stake in WD-40 in the third quarter worth about $248,000. Guidance Capital Inc. boosted its stake in WD-40 by 5.7% in the third quarter. Guidance Capital Inc. now owns 2,469 shares of the specialty chemicals company’s stock valued at $500,000 after acquiring an additional 134 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in WD-40 by 73.5% in the third quarter. JPMorgan Chase & Co. now owns 41,100 shares of the specialty chemicals company’s stock valued at $8,121,000 after acquiring an additional 17,409 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in shares of WD-40 by 24.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 9,658 shares of the specialty chemicals company’s stock valued at $1,908,000 after acquiring an additional 1,892 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

WD-40 Stock Down 1.6%

WDFC opened at $238.20 on Monday. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $253.48. The company has a market cap of $3.21 billion, a PE ratio of 36.26 and a beta of 0.17. The company has a current ratio of 2.97, a quick ratio of 2.05 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $219.39 and a 200 day moving average of $208.51.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.27). WD-40 had a net margin of 14.42% and a return on equity of 30.10%. The business had revenue of $154.42 million for the quarter, compared to the consensus estimate of $155.10 million. During the same period in the previous year, the firm earned $1.39 EPS. The company’s revenue was up .6% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. On average, sell-side analysts expect that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $1.02 dividend. The ex-dividend date was Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 1.7%. This is an increase from WD-40’s previous quarterly dividend of $0.94. WD-40’s dividend payout ratio is 62.10%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a report on Wednesday, January 21st. DA Davidson set a $300.00 price objective on WD-40 in a report on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, WD-40 has a consensus rating of “Moderate Buy” and a consensus target price of $300.00.

Insiders Place Their Bets

In related news, Director David Pendarvis purchased 424 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were purchased at an average cost of $247.15 per share, for a total transaction of $104,791.60. Following the completion of the transaction, the director directly owned 6,898 shares in the company, valued at approximately $1,704,840.70. This represents a 6.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.78% of the stock is owned by insiders.

About WD-40

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.