Ceredex Value Advisors LLC Acquires Shares of 37,575 WD-40 Company $WDFC

Ceredex Value Advisors LLC acquired a new stake in shares of WD-40 Company (NASDAQ:WDFC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 37,575 shares of the specialty chemicals company’s stock, valued at approximately $9,155,000. Ceredex Value Advisors LLC owned 0.28% of WD-40 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Quarry LP increased its stake in WD-40 by 1,462.5% during the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 117 shares during the period. EverSource Wealth Advisors LLC lifted its holdings 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 worth $36,000 after buying an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. boosted 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 valued at $42,000 after buying an additional 172 shares during the last quarter. Parallel Advisors LLC boosted 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 valued at $51,000 after buying an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of WD-40 by 243.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 197 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WDFC has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Zacks Research upgraded WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. DA Davidson lifted their price objective on WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Northcoast Research raised WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $305.00.

Insider Buying and Selling at WD-40

In other WD-40 news, insider Patricia Q. Olsem sold 200 shares of WD-40 stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $234.72, for a total value of $46,944.00. Following the completion of the transaction, the insider owned 4,574 shares of the company’s stock, 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 link. Company insiders own 0.78% of the company’s stock.

WD-40 Stock Performance

Shares of WD-40 stock opened at $217.08 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 1 year low of $175.38 and a 1 year high of $298.90. The firm’s 50-day simple moving average is $235.97 and its 200-day simple moving average is $225.23. The firm has a market cap of $2.91 billion, a PE ratio of 32.99 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, topping 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 business had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. During the same period last year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Equities analysts forecast that WD-40 Company will post 6.24 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

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

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.