WD-40 Company $WDFC Stake Cut by Royal Bank of Canada

Royal Bank of Canada cut its holdings in shares of WD-40 Company (NASDAQ:WDFC) by 14.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,946 shares of the specialty chemicals company’s stock after selling 2,948 shares during the quarter. Royal Bank of Canada owned 0.13% of WD-40 worth $3,660,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of WD-40 by 1,462.5% during the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 117 shares during the period. EverSource Wealth Advisors LLC increased its stake in WD-40 by 207.8% in the 2nd 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 period. Brown Brothers Harriman & Co. lifted its position in WD-40 by 400.0% in 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 lifted its position in 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 valued at $55,000 after buying an additional 197 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

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

WD-40 Stock Performance

WDFC stock opened at $229.24 on Friday. The firm has a 50 day moving average of $235.53 and a two-hundred day moving average of $225.24. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $298.90. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 34.84 and a beta of 0.27. 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 released its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The business had revenue of $195.12 million for the quarter, compared to the consensus estimate of $172.79 million. During the same quarter last year, the firm earned $1.54 EPS. 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, equities analysts anticipate that WD-40 Company will post 6.24 EPS for the current fiscal year.

WD-40 Announces Dividend

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

Insider Buying and Selling at WD-40

In other news, insider Patricia Q. Olsem sold 200 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $234.72, for a total transaction of $46,944.00. Following the completion of the sale, the insider owned 4,574 shares in the company, valued at approximately $1,073,609.28. This represents a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is owned by corporate insiders.

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.