WD-40 Company $WDFC Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in WD-40 Company (NASDAQ:WDFC) by 10,648.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,250 shares of the specialty chemicals company’s stock after buying an additional 22,043 shares during the quarter. Fifth Third Bancorp’s holdings in WD-40 were worth $4,538,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WDFC. Balyasny Asset Management L.P. bought a new stake in WD-40 during the 4th quarter valued at $29,291,000. Royce & Associates LP grew its stake in shares of WD-40 by 739.8% in the fourth quarter. Royce & Associates LP now owns 165,187 shares of the specialty chemicals company’s stock worth $32,525,000 after purchasing an additional 145,517 shares in the last quarter. First Trust Advisors LP grew its stake in shares of WD-40 by 62.5% in the fourth quarter. First Trust Advisors LP now owns 289,954 shares of the specialty chemicals company’s stock worth $57,092,000 after purchasing an additional 111,559 shares in the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd increased its holdings in shares of WD-40 by 89.2% during the fourth quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock valued at $43,559,000 after purchasing an additional 104,282 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of WD-40 during the third quarter valued at $13,817,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Stock Performance

Shares of WDFC opened at $246.79 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. The firm’s 50 day moving average is $223.97 and its 200-day moving average is $220.98. WD-40 Company has a 12-month low of $175.38 and a 12-month high of $298.90. The stock has a market capitalization of $3.31 billion, a P/E ratio of 37.51 and a beta of 0.26.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The firm had revenue of $195.12 million for the quarter, compared to analyst estimates of $172.79 million. During the same quarter in the previous year, the business posted $1.54 earnings per share. The firm’s quarterly revenue 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 research analysts anticipate that WD-40 Company will post 6.26 EPS for the current fiscal year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, July 17th. WD-40’s payout ratio is presently 62.01%.

Analyst Ratings Changes

Several research firms recently weighed in on WDFC. Weiss Ratings downgraded shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. DA Davidson boosted 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 research report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. Finally, Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $305.00.

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.