First Trust Advisors LP Purchases 93,502 Shares of WD-40 Company $WDFC

First Trust Advisors LP boosted its position in WD-40 Company (NASDAQ:WDFC) by 110.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,395 shares of the specialty chemicals company’s stock after buying an additional 93,502 shares during the quarter. First Trust Advisors LP owned approximately 1.32% of WD-40 worth $35,251,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WDFC. HM Payson & Co. bought a new stake in WD-40 during the third quarter valued at about $28,000. Bessemer Group Inc. increased its stake in shares of WD-40 by 340.5% in the third quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 126 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of WD-40 by 207.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 106 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of WD-40 during the 3rd quarter worth about $97,000. Finally, Covestor Ltd boosted its stake in WD-40 by 49,900.0% during the 3rd quarter. Covestor Ltd now owns 500 shares of the specialty chemicals company’s stock valued at $99,000 after purchasing an additional 499 shares during the period. Institutional investors own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. DA Davidson set a $300.00 price target on shares of WD-40 in a research report on Wednesday, November 26th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $300.00.

Insider Transactions at WD-40

In other WD-40 news, Director David Pendarvis purchased 424 shares of the stock in a transaction on Thursday, February 5th. The shares were purchased at an average price of $247.15 per share, with a total value of $104,791.60. Following the acquisition, the director directly owned 6,898 shares of the company’s stock, valued at $1,704,840.70. This represents a 6.55% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.78% of the stock is owned by company insiders.

WD-40 Price Performance

Shares of WDFC stock opened at $225.75 on Friday. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $253.48. The company has a market capitalization of $3.05 billion, a P/E ratio of 34.36 and a beta of 0.17. The stock has a 50 day moving average of $225.71 and a two-hundred day moving average of $209.56. The company has a current ratio of 2.97, a quick ratio of 2.05 and a debt-to-equity ratio of 0.32.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.27). The firm had revenue of $154.42 million for the quarter, compared to the consensus estimate of $155.10 million. WD-40 had a net margin of 14.42% and a return on equity of 30.10%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. As a group, equities analysts expect that WD-40 Company will post 5.42 EPS for the current year.

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.