UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in WD-40 Company $WDFC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in WD-40 Company (NASDAQ:WDFC) by 10.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,377 shares of the specialty chemicals company’s stock after selling 4,098 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in WD-40 were worth $8,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of WD-40 by 4.6% during the first quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company’s stock worth $5,032,000 after buying an additional 901 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of 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 valued at $1,553,000 after buying an additional 437 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 worth $1,975,000 after acquiring an additional 343 shares during the last quarter. NewEdge Advisors LLC boosted its position in WD-40 by 6.6% during the first quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company’s stock worth $385,000 after acquiring an additional 98 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted 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 worth $911,000 after acquiring an additional 3,086 shares during the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Stock Performance

Shares of WDFC stock opened at $207.57 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 31.55 and a beta of 0.27. WD-40 Company has a one year low of $175.38 and a one year high of $298.90. The company has a 50 day moving average price of $231.55 and a 200 day moving average price of $223.00.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The company had revenue of $195.12 million for the quarter, compared to analyst estimates of $172.79 million. During the same quarter last year, the business earned $1.54 EPS. WD-40’s revenue for the quarter was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts anticipate that WD-40 Company will post 6.24 EPS for the current year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $1.02 dividend. The ex-dividend date was Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. 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 the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $233.73, for a total transaction of $70,119.00. Following the completion of the sale, the insider owned 4,774 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on WDFC. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Weiss Ratings upgraded WD-40 from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Zacks Research upgraded WD-40 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, 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 note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, WD-40 has an average rating of “Buy” and an average price target 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.