3,500 Shares in WD-40 Company $WDFC Bought by Pavion Blue Capital LLC

Pavion Blue Capital LLC purchased a new position in WD-40 Company (NASDAQ:WDFC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,500 shares of the specialty chemicals company’s stock, valued at approximately $853,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of WD-40 in the second quarter worth about $505,734,000. Vanguard Group Inc. boosted its holdings in 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 valued at $325,007,000 after acquiring an additional 47,528 shares during the period. Alliancebernstein L.P. boosted its holdings in WD-40 by 6.4% during the 3rd quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company’s stock valued at $105,467,000 after acquiring an additional 32,333 shares during the period. First Trust Advisors LP grew its position in WD-40 by 41.9% during the 1st quarter. First Trust Advisors LP now owns 411,312 shares of the specialty chemicals company’s stock worth $83,883,000 after acquiring an additional 121,358 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in WD-40 by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 405,117 shares of the specialty chemicals company’s stock worth $79,778,000 after acquiring an additional 2,072 shares during the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at WD-40

In related news, insider Patricia Q. Olsem sold 200 shares of WD-40 stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $234.72, for a total transaction of $46,944.00. Following the sale, the insider directly owned 4,574 shares in the company, valued at $1,073,609.28. The trade was a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $229.01 on Tuesday. WD-40 Company has a 1 year low of $175.38 and a 1 year high of $298.90. The stock has a market capitalization of $3.07 billion, a P/E ratio of 34.80 and a beta of 0.27. The company’s 50-day moving average is $236.00 and its 200 day moving average is $225.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.58 by $0.75. The business had revenue of $195.12 million during the quarter, compared to analyst estimates of $172.79 million. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. WD-40’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the business posted $1.54 earnings per share. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, sell-side analysts expect 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. Stockholders of record on Friday, July 17th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, July 17th. WD-40’s dividend payout ratio (DPR) is presently 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.