Brokerages Set WD-40 Company (NASDAQ:WDFC) Target Price at $305.00

Shares of WD-40 Company (NASDAQ:WDFC) have received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $305.00.

Several research firms have commented on WDFC. Jefferies Financial Group reaffirmed a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Zacks Research raised WD-40 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. William Blair began coverage on shares of WD-40 in a research report on Monday, April 6th. They set an “outperform” rating on the stock. DA Davidson lifted their target price on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $239.59 on Thursday. The stock’s 50-day simple moving average is $224.63 and its 200-day simple moving average is $221.40. The firm has a market capitalization of $3.22 billion, a PE ratio of 36.41 and a beta of 0.26. WD-40 has a fifty-two week low of $175.38 and a fifty-two week high of $298.90. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65.

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 firm had revenue of $195.12 million during the quarter, compared to analysts’ expectations of $172.79 million. During the same period in the previous year, the company earned $1.54 earnings per share. WD-40’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. As a group, equities research analysts forecast that WD-40 will post 6.26 EPS for the current fiscal year.

WD-40 Announces Dividend

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

Institutional Trading of WD-40

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Balyasny Asset Management L.P. purchased a new position in shares of WD-40 during the 4th quarter worth approximately $29,291,000. Royce & Associates LP boosted 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 valued at $32,525,000 after buying an additional 145,517 shares in the last quarter. First Trust Advisors LP raised its position in WD-40 by 41.9% in the first quarter. First Trust Advisors LP now owns 411,312 shares of the specialty chemicals company’s stock worth $83,883,000 after acquiring an additional 121,358 shares in the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd lifted its holdings in WD-40 by 89.2% in 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 acquiring an additional 104,282 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in WD-40 in the third quarter valued at $13,817,000. Hedge funds and other institutional investors own 91.52% 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.