Alps Advisors Inc. Cuts Position in WD-40 Company $WDFC

Alps Advisors Inc. reduced its position in WD-40 Company (NASDAQ:WDFC) by 44.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,857 shares of the specialty chemicals company’s stock after selling 3,102 shares during the quarter. Alps Advisors Inc.’s holdings in WD-40 were worth $762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDFC. Royal Bank of Canada grew its stake in shares of WD-40 by 4.6% in the first quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company’s stock worth $5,032,000 after purchasing an additional 901 shares during the last quarter. AQR Capital Management LLC grew its holdings 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 purchasing an additional 343 shares in the last quarter. NewEdge Advisors LLC raised 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 purchasing an additional 98 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of WD-40 by 476.2% in 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 period. Institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. DA Davidson set a $300.00 price objective on shares of WD-40 in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

WD-40 Stock Up 1.5%

Shares of NASDAQ:WDFC opened at $239.61 on Friday. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $253.48. The company has a quick ratio of 2.05, a current ratio of 2.97 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 36.47 and a beta of 0.18. The firm’s 50 day moving average price is $210.04 and its 200 day moving average price is $206.72.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.17). The business had revenue of $154.42 million for the quarter, compared to analysts’ expectations of $155.10 million. WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. As a group, equities research analysts predict that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, January 16th. This is an increase from WD-40’s previous quarterly dividend of $0.94. WD-40’s dividend payout ratio (DPR) is presently 62.10%.

Insider Transactions at WD-40

In other WD-40 news, Director David Pendarvis acquired 424 shares of the stock in a transaction on Thursday, February 5th. The shares were bought at an average cost of $247.15 per share, with a total value of $104,791.60. Following the transaction, the director owned 6,898 shares of the company’s stock, valued at approximately $1,704,840.70. This trade represents a 6.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.

About WD-40

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.