Whittier Trust Co. of Nevada Inc. Lowers Stock Holdings in WD-40 Company $WDFC

Whittier Trust Co. of Nevada Inc. lowered its position in shares of WD-40 Company (NASDAQ:WDFC) by 90.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,337 shares of the specialty chemicals company’s stock after selling 22,360 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in WD-40 were worth $454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WDFC. Alliancebernstein L.P. lifted its stake in WD-40 by 11.9% in the second quarter. Alliancebernstein L.P. now owns 501,405 shares of the specialty chemicals company’s stock worth $114,365,000 after purchasing an additional 53,225 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 worth $91,059,000 after buying an additional 5,621 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of WD-40 by 24.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 333,505 shares of the specialty chemicals company’s stock valued at $76,069,000 after acquiring an additional 65,423 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in WD-40 by 6.1% during the 2nd quarter. Geneva Capital Management LLC now owns 263,301 shares of the specialty chemicals company’s stock valued at $60,056,000 after acquiring an additional 15,104 shares during the period. Finally, Norges Bank purchased a new stake in WD-40 during the 2nd quarter valued at about $36,563,000. Institutional investors own 91.52% of the company’s stock.

Analyst Upgrades and Downgrades

WDFC has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. DA Davidson set a $300.00 price target on shares of WD-40 in a report on Wednesday, November 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $300.00.

Insider Buying and Selling

In related news, Director Eric Etchart bought 500 shares of the stock in a transaction on Thursday, October 30th. The shares were acquired at an average price of $194.02 per share, for a total transaction of $97,010.00. Following the purchase, the director owned 8,370 shares of the company’s stock, valued at approximately $1,623,947.40. The trade was a 6.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Pendarvis purchased 523 shares of WD-40 stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of $196.37 per share, with a total value of $102,701.51. Following the transaction, the director directly owned 5,862 shares in the company, valued at approximately $1,151,120.94. The trade was a 9.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.78% of the company’s stock.

WD-40 Trading Up 0.1%

NASDAQ:WDFC opened at $215.30 on Tuesday. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $253.48. 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 price of $199.90 and a 200-day moving average price of $205.10. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 33.00 and a beta of 0.15.

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

WD-40 Increases Dividend

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

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.