Ieq Capital LLC Buys Shares of 3,896 WD-40 Company $WDFC

Ieq Capital LLC purchased a new position in WD-40 Company (NASDAQ:WDFC) in the second quarter, HoldingsChannel reports. The institutional investor purchased 3,896 shares of the specialty chemicals company’s stock, valued at approximately $949,000.

A number of other institutional investors have also recently made changes to their positions in WDFC. Royal Bank of Canada grew its position in WD-40 by 4.6% in the first quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company’s stock worth $5,032,000 after acquiring an additional 901 shares in the last quarter. AQR Capital Management LLC lifted its stake in WD-40 by 7.4% during the first quarter. AQR Capital Management LLC now owns 6,366 shares of the specialty chemicals company’s stock worth $1,553,000 after purchasing an additional 437 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of WD-40 by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,096 shares of the specialty chemicals company’s stock worth $1,975,000 after purchasing an additional 343 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of WD-40 by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company’s stock valued at $385,000 after purchasing an additional 98 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of WD-40 by 476.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company’s stock valued at $911,000 after purchasing an additional 3,086 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. Zacks Research upgraded shares of WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. DA Davidson upped their price objective on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $305.00.

WD-40 Stock Up 1.1%

Shares of WD-40 stock opened at $218.92 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. WD-40 Company has a 52-week low of $175.38 and a 52-week high of $298.90. The company’s 50 day moving average price is $235.15 and its 200-day moving average price is $224.42. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 33.27 and a beta of 0.27.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.75. The company 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%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts forecast that WD-40 Company will post 6.24 EPS for the current year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, July 17th. WD-40’s dividend payout ratio is 62.01%.

Insider Activity at WD-40

In other news, insider Patricia Q. Olsem sold 300 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $233.73, for a total transaction of $70,119.00. Following the completion of the sale, the insider directly owned 4,774 shares in the company, valued at approximately $1,115,827.02. This represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

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.