WD-40 (NASDAQ:WDFC) Shares Climb 3.5% – Time to Buy?

Shares of WD-40 Company (NASDAQ:WDFC) shot up 3.5% during trading on Wednesday. The stock traded as high as $200.91 and last traded at $201.0450. Approximately 106,790 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 165,880 shares. The stock had previously closed at $194.23.

Analysts Set New Price Targets

WDFC has been the topic of several analyst reports. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Zacks Research downgraded shares of WD-40 from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Jefferies Financial Group restated a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Weiss Ratings downgraded shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Finally, DA Davidson increased their target price on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $305.00.

WD-40 Stock Down 1.1%

The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 29.97 and a beta of 0.27. The business has a 50 day moving average of $217.52 and a 200 day moving average of $218.75. 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 (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. 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 the consensus estimate of $172.79 million. During the same quarter in the previous year, the company earned $1.54 earnings per share. The business’s 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. On average, equities analysts anticipate that WD-40 Company will post 6.24 EPS for the current year.

Insider Buying and Selling at WD-40

In related news, insider Patricia Olsem sold 200 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $234.72, for a total value of $46,944.00. Following the sale, 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDFC. Oregon Public Employees Retirement Fund raised its position in shares of WD-40 by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,106 shares of the specialty chemicals company’s stock valued at $633,000 after buying an additional 56 shares in the last quarter. Versant Capital Management Inc increased its stake in WD-40 by 13.7% in the second quarter. Versant Capital Management Inc now owns 474 shares of the specialty chemicals company’s stock valued at $115,000 after acquiring an additional 57 shares during the last quarter. PNC Financial Services Group Inc. raised its position in WD-40 by 2.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,659 shares of the specialty chemicals company’s stock valued at $542,000 after purchasing an additional 66 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in WD-40 by 7.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,087 shares of the specialty chemicals company’s stock valued at $214,000 after purchasing an additional 78 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in WD-40 by 4.0% during the first quarter. Sequoia Financial Advisors LLC now owns 2,835 shares of the specialty chemicals company’s stock worth $578,000 after purchasing an additional 110 shares during the last quarter. Institutional investors 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.