Jupiter Topco LLC Invests $1.50 Million in WD-40 Company $WDFC

Jupiter Topco LLC purchased a new stake in shares of WD-40 Company (NASDAQ:WDFC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,164 shares of the specialty chemicals company’s stock, valued at approximately $1,503,000.

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

WD-40 Stock Performance

Shares of NASDAQ WDFC opened at $207.57 on Friday. The business’s 50-day moving average price is $232.31 and its two-hundred day moving average price is $223.39. 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 Company has a one year low of $175.38 and a one year high of $298.90. The company has a market capitalization of $2.79 billion, a P/E ratio of 31.55 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. The company had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period last year, the business earned $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, July 17th. WD-40’s dividend payout ratio (DPR) is presently 62.01%.

Insiders Place Their Bets

In other WD-40 news, insider Patricia Olsem sold 300 shares of WD-40 stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $233.73, for a total value of $70,119.00. Following the completion of the sale, the insider directly owned 4,774 shares in the company, valued at $1,115,827.02. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WDFC. Northcoast Research raised WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a report on Friday, August 21st. DA Davidson increased their price target on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Zacks Research upgraded shares of WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $305.00.

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.