WD-40 (NASDAQ:WDFC) Given New $305.00 Price Target at DA Davidson

WD-40 (NASDAQ:WDFC) had its price target hoisted by DA Davidson from $270.00 to $305.00 in a research report released on Friday,Benzinga reports. DA Davidson currently has a buy rating on the specialty chemicals company’s stock.

Several other equities analysts also recently weighed in on the company. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. William Blair initiated coverage on WD-40 in a research report on Monday, April 6th. They issued an “outperform” rating for the company. Finally, Weiss Ratings downgraded WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $305.00.

WD-40 Stock Up 10.6%

Shares of WDFC stock opened at $264.91 on Friday. WD-40 has a 12 month low of $175.38 and a 12 month high of $298.90. The stock has a market cap of $3.56 billion, a P/E ratio of 45.05 and a beta of 0.26. The company has a current ratio of 2.83, a quick ratio of 1.98 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $219.86 and a two-hundred day simple moving average of $219.23.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.75. The business had revenue of $195.12 million for the quarter, compared to analysts’ expectations of $172.79 million. WD-40 had a net margin of 13.23% and a return on equity of 33.90%. The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, research analysts expect that WD-40 will post 5.99 earnings per share for the current year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, July 17th. WD-40’s payout ratio is presently 69.39%.

Institutional Trading of WD-40

Several institutional investors have recently made changes to their positions in the business. Covestor Ltd lifted its holdings in WD-40 by 9.8% in the 4th quarter. Covestor Ltd now owns 549 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 49 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in WD-40 by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,050 shares of the specialty chemicals company’s stock worth $601,000 after purchasing an additional 50 shares during the period. Allworth Financial LP grew its holdings in WD-40 by 4.4% during the 3rd quarter. Allworth Financial LP now owns 1,317 shares of the specialty chemicals company’s stock valued at $260,000 after buying an additional 56 shares in the last quarter. Versant Capital Management Inc grew its holdings in WD-40 by 13.7% during the 2nd quarter. Versant Capital Management Inc now owns 474 shares of the specialty chemicals company’s stock valued at $115,000 after buying an additional 57 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of WD-40 by 3.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,829 shares of the specialty chemicals company’s stock valued at $360,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

More WD-40 News

Here are the key news stories impacting WD-40 this week:

• Positive Sentiment: WD-40 reported fiscal Q3 EPS of $2.33, easily topping the $1.58 consensus, while revenue rose 24.3% year over year to $195.1 million, also above expectations. WD-40 Company Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised FY 2026 guidance, now expecting adjusted EPS of $6.05 to $6.35 and net sales of $675 million to $690 million, signaling stronger-than-expected business momentum. WD-40 Company Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company also announced a new $100 million share repurchase authorization, which investors often view as a sign of confidence in future cash flow. WD-40 Company Reports Third Quarter 2026 Financial Results
• Neutral Sentiment: Analysts reacted positively as DA Davidson raised its price target to $305 from $270 and reiterated a buy rating, adding to the upbeat tone around the stock. Benzinga

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.