WD-40 Company $WDFC Shares Sold by Whittier Trust Co.

Whittier Trust Co. reduced its position in WD-40 Company (NASDAQ:WDFC) by 82.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,337 shares of the specialty chemicals company’s stock after selling 38,900 shares during the quarter. Whittier Trust Co.’s holdings in WD-40 were worth $1,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WDFC. HM Payson & Co. acquired a new stake in shares of WD-40 in the third quarter valued at about $28,000. Ameritas Advisory Services LLC purchased a new position in WD-40 in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of WD-40 by 207.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 106 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of WD-40 in the third quarter valued at approximately $97,000. Finally, Covestor Ltd increased its holdings in shares of WD-40 by 49,900.0% in the third quarter. Covestor Ltd now owns 500 shares of the specialty chemicals company’s stock valued at $99,000 after purchasing an additional 499 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Insiders Place Their Bets

In related news, Director David Pendarvis acquired 523 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was bought at an average price of $196.37 per share, for a total transaction of $102,701.51. Following the completion of the purchase, the director directly owned 5,862 shares of the company’s stock, valued at approximately $1,151,120.94. The trade was a 9.80% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Etchart bought 500 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $194.02 per share, for a total transaction of $97,010.00. Following the transaction, the director directly owned 8,370 shares of the company’s stock, valued at approximately $1,623,947.40. This represents a 6.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.78% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on WDFC shares. DA Davidson set a $300.00 price objective on WD-40 in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $300.00.

WD-40 Stock Up 0.8%

Shares of NASDAQ WDFC opened at $216.83 on Tuesday. The business has a 50-day moving average of $199.90 and a two-hundred day moving average of $205.10. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 33.01 and a beta of 0.15. WD-40 Company has a 1 year low of $175.38 and a 1 year high of $253.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.97 and a quick ratio of 2.05.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.17). The business had revenue of $154.42 million for 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 firm earned $1.39 EPS. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. On average, analysts forecast that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. This is a boost from WD-40’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Friday, January 16th. WD-40’s dividend payout ratio is presently 62.10%.

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.