Patricia Olsem Sells 300 Shares of WD-40 (NASDAQ:WDFC) Stock

WD-40 Company (NASDAQ:WDFC) insider Patricia Olsem sold 300 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $233.73, for a total transaction of $70,119.00. Following the transaction, the insider owned 4,774 shares of the company’s stock, valued at approximately $1,115,827.02. This represents a 5.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

WD-40 Price Performance

NASDAQ WDFC traded down $0.61 during trading on Wednesday, reaching $232.50. 84,275 shares of the company traded hands, compared to its average volume of 176,592. WD-40 Company has a 1-year low of $175.38 and a 1-year high of $298.90. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 35.33 and a beta of 0.27. The stock’s 50 day moving average price is $233.79 and its two-hundred day moving average price is $224.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. The business had revenue of $195.12 million during 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%.WD-40’s quarterly revenue was up 24.3% compared to the same quarter last year. 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. As a group, analysts anticipate that WD-40 Company will post 6.24 EPS for the current year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, July 17th. WD-40’s dividend payout ratio is currently 62.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. DA Davidson upped their target price on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Zacks Research raised shares of WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings lowered shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, WD-40 currently has a consensus rating of “Buy” and an average price target of $305.00.

Institutional Trading of WD-40

Several large investors have recently made changes to their positions in the business. Quarry LP increased its stake in shares of WD-40 by 1,462.5% in the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in WD-40 by 400.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock worth $42,000 after buying an additional 172 shares in the last quarter. Parallel Advisors LLC grew its holdings in WD-40 by 195.4% during the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in WD-40 by 243.2% during 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. Institutional investors own 91.52% of the company’s stock.

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.