Quantbot Technologies LP Buys Shares of 12,647 WD-40 Company $WDFC

Quantbot Technologies LP purchased a new position in WD-40 Company (NASDAQ:WDFC) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 12,647 shares of the specialty chemicals company’s stock, valued at approximately $2,499,000.

A number of other institutional investors have also recently made changes to their positions in the business. Vest Financial LLC lifted its holdings in shares of WD-40 by 164.9% in the 3rd quarter. Vest Financial LLC now owns 11,876 shares of the specialty chemicals company’s stock valued at $2,347,000 after buying an additional 7,393 shares during the period. Inceptionr LLC raised its position in WD-40 by 160.7% during the second quarter. Inceptionr LLC now owns 2,711 shares of the specialty chemicals company’s stock valued at $618,000 after acquiring an additional 1,671 shares in the last quarter. Geode Capital Management LLC lifted its holdings in WD-40 by 1.4% in the second quarter. Geode Capital Management LLC now owns 399,186 shares of the specialty chemicals company’s stock valued at $91,059,000 after acquiring an additional 5,621 shares during the period. Walleye Capital LLC purchased a new stake in WD-40 in the 2nd quarter worth approximately $5,695,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of WD-40 by 246.2% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,220 shares of the specialty chemicals company’s stock worth $734,000 after purchasing an additional 2,290 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Trading Up 1.5%

Shares of WDFC stock opened at $243.84 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.97 and a quick ratio of 2.05. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 37.11 and a beta of 0.17. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $253.48. The stock has a 50 day simple moving average of $220.96 and a 200-day simple moving average of $208.81.

WD-40 (NASDAQ:WDFC) last announced its earnings results 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 net margin of 14.42% and a return on equity of 30.10%. The company had revenue of $154.42 million during the quarter, compared to analyst estimates of $155.10 million. During the same quarter last year, the business earned $1.39 EPS. The firm’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. On average, equities research analysts expect that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, January 21st. DA Davidson set a $300.00 price objective on shares of WD-40 in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $300.00.

Insiders Place Their Bets

In other WD-40 news, Director David Pendarvis purchased 424 shares of the stock in a transaction that occurred on 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 owned 6,898 shares of the company’s stock, valued at $1,704,840.70. The trade was a 6.55% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.78% of the company’s stock.

WD-40 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.