WD-40 Company $WDFC Stock Holdings Increased by KBC Group NV

KBC Group NV raised its position in shares of WD-40 Company (NASDAQ:WDFC) by 6,526.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 30,944 shares of the specialty chemicals company’s stock after purchasing an additional 30,477 shares during the quarter. KBC Group NV’s holdings in WD-40 were worth $6,311,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Quarry LP raised 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 in the last quarter. Fortitude Family Office LLC increased its stake in WD-40 by 4,133.3% during the fourth quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 124 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of WD-40 by 207.8% during the second 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 period. Brown Brothers Harriman & Co. raised its holdings in shares of WD-40 by 400.0% during the third quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock worth $42,000 after purchasing an additional 172 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of WD-40 by 195.4% in the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 170 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Performance

Shares of WDFC opened at $232.61 on Friday. The firm has a 50-day moving average price of $226.66 and a 200 day moving average price of $222.22. The firm has a market capitalization of $3.12 billion, a PE ratio of 35.35 and a beta of 0.26. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. WD-40 Company has a 52-week low of $175.38 and a 52-week high of $298.90.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. The company had revenue of $195.12 million for the quarter, compared to the consensus estimate of $172.79 million. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. WD-40’s revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, sell-side analysts anticipate that WD-40 Company will post 6.26 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, July 17th. WD-40’s dividend payout ratio is presently 62.01%.

Analysts Set New Price Targets

Several research analysts have recently commented on WDFC shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 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. DA Davidson lifted their target price on WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings lowered WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, William Blair began coverage on WD-40 in a research report on Monday, April 6th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $305.00.

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.