JPMorgan Chase & Co. Boosts Stake in WD-40 Company $WDFC

JPMorgan Chase & Co. boosted its holdings in WD-40 Company (NASDAQ:WDFC) by 73.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,100 shares of the specialty chemicals company’s stock after acquiring an additional 17,409 shares during the quarter. JPMorgan Chase & Co.’s holdings in WD-40 were worth $8,121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WDFC. Quarry LP boosted its position in shares of WD-40 by 1,462.5% during the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 117 shares during the last quarter. HM Payson & Co. bought a new position in shares of WD-40 in the third quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its stake in WD-40 by 207.8% in the second quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 106 shares in the last quarter. Bessemer Group Inc. raised its stake in WD-40 by 340.5% in the third quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 126 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in WD-40 by 400.0% during the third quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock valued at $42,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Trading Up 1.2%

NASDAQ WDFC opened at $203.58 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.97 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $229.50 and its two-hundred day simple moving average is $209.39. WD-40 Company has a twelve month low of $175.38 and a twelve month high of $253.48. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 30.99 and a beta of 0.17.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data 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). The firm had revenue of $154.42 million during the quarter, compared to analysts’ expectations of $155.10 million. WD-40 had a return on equity of 30.10% and a net margin of 14.42%.WD-40’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. Research analysts forecast that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, April 17th. WD-40’s dividend payout ratio (DPR) is presently 62.10%.

Insider Buying and Selling

In other WD-40 news, Director David Pendarvis purchased 424 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of $247.15 per share, with a total value of $104,791.60. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, WD-40 presently has a consensus rating of “Moderate Buy” and an average price target of $300.00.

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.