WD-40 (NASDAQ:WDFC) Shares Gap Up – Should You Buy?

WD-40 Company (NASDAQ:WDFC) shares gapped up before the market opened on Thursday . The stock had previously closed at $194.23, but opened at $199.73. WD-40 shares last traded at $198.3750, with a volume of 2,833 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WDFC. Northcoast Research raised WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. Zacks Research cut WD-40 from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. 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 report on Friday, July 10th. Finally, Weiss Ratings downgraded WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, WD-40 currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.00.

WD-40 Stock Performance

The company has a 50 day moving average price of $218.71 and a 200-day moving average price of $219.02. The company has a current ratio of 2.65, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.65 billion, a P/E ratio of 29.96 and a beta of 0.27.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share 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 the consensus estimate of $172.79 million. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.WD-40’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts expect that WD-40 Company will post 6.24 earnings per share for the current fiscal year.

Insider Buying and Selling at WD-40

In related news, insider Patricia Olsem sold 200 shares of WD-40 stock in a transaction that occurred on Thursday, August 13th. The shares were 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 of the company’s stock, valued at approximately $1,073,609.28. The trade was a 4.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.78% of the company’s stock.

Institutional Trading of WD-40

A number of hedge funds have recently added to or reduced their stakes in WDFC. Tidal Investments LLC acquired a new position in WD-40 in the 2nd quarter worth about $710,000. Integrated Wealth Concepts LLC acquired a new stake in WD-40 during the 2nd quarter worth approximately $88,000. Nykredit A S bought a new stake in WD-40 during the 2nd quarter worth approximately $237,000. Brown Lisle Cummings Inc. bought a new stake in WD-40 during the 2nd quarter worth approximately $97,000. Finally, Corient Private Wealth LP raised its stake in shares of WD-40 by 6.2% during the second quarter. Corient Private Wealth LP now owns 12,358 shares of the specialty chemicals company’s stock valued at $3,011,000 after acquiring an additional 719 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Company Profile

WD-40 Company (NASDAQ:WDFC) develops and markets maintenance, homecare, and cleaning products for consumers, professional tradespeople, and industrial users. Its best-known product is WD-40 Multi-Use Product, a spray designed to displace moisture, lubricate, protect against corrosion, and loosen stuck parts.

The company also offers specialized products under the WD-40 Specialist brand, including lubricants, degreasers, rust removers, and other maintenance solutions. Its portfolio includes 3-IN-ONE lubricants and other products for household, automotive, industrial, and outdoor applications, as well as bicycle care products sold under the WD-40 Bike brand.

Founded in 1953 as Rocket Chemical Company, WD-40 Company is based in San Diego, California.