Quantinno Capital Management LP Buys 3,151 Shares of WD-40 Company $WDFC

Quantinno Capital Management LP raised its stake in WD-40 Company (NASDAQ:WDFC) by 37.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,640 shares of the specialty chemicals company’s stock after purchasing an additional 3,151 shares during the period. Quantinno Capital Management LP’s holdings in WD-40 were worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in WDFC. Vanguard Group Inc. raised its stake in shares of WD-40 by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock worth $325,007,000 after acquiring an additional 47,528 shares in the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd boosted its stake in WD-40 by 89.2% in the fourth quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock valued at $43,559,000 after acquiring an additional 104,282 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in WD-40 by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 294,277 shares of the specialty chemicals company’s stock valued at $60,015,000 after acquiring an additional 7,886 shares in the last quarter. Fifth Third Bancorp grew its holdings in WD-40 by 10,648.8% in the first quarter. Fifth Third Bancorp now owns 22,250 shares of the specialty chemicals company’s stock worth $4,538,000 after purchasing an additional 22,043 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in WD-40 by 41.6% in the fourth quarter. Teacher Retirement System of Texas now owns 32,379 shares of the specialty chemicals company’s stock worth $6,375,000 after purchasing an additional 9,517 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. DA Davidson increased their price objective on WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 10th. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. Northcoast Research raised WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Weiss Ratings cut WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Finally, Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $305.00.

WD-40 Stock Down 0.2%

WD-40 stock opened at $234.51 on Tuesday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 35.64 and a beta of 0.27. WD-40 Company has a 52 week low of $175.38 and a 52 week high of $298.90. The business’s 50-day moving average price is $233.11 and its 200 day moving average price is $224.82. 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 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The company had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. During the same period in the previous year, the company posted $1.54 earnings per share. WD-40’s revenue for the quarter was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, sell-side analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, July 17th. WD-40’s payout ratio is currently 62.01%.

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.