WD-40 (NASDAQ:WDFC) Upgraded at Zacks Research

Zacks Research upgraded shares of WD-40 (NASDAQ:WDFC) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Weiss Ratings cut shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. Northcoast Research raised shares of WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. William Blair started coverage on shares of WD-40 in a report on Monday, April 6th. They issued an “outperform” rating for the company. Finally, DA Davidson boosted their price target on shares of WD-40 from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $305.00.

WD-40 Stock Up 2.8%

Shares of NASDAQ WDFC opened at $256.36 on Tuesday. WD-40 has a 52 week low of $175.38 and a 52 week high of $298.90. The business has a 50-day simple moving average of $223.19 and a two-hundred day simple moving average of $220.80. The company has a quick ratio of 1.95, a current ratio of 2.65 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.44 billion, a P/E ratio of 38.96 and a beta of 0.26.

WD-40 (NASDAQ:WDFC) last posted its 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 return on equity of 33.53% and a net margin of 13.23%.The business had revenue of $195.12 million during the quarter, compared to analyst estimates of $172.79 million. During the same quarter in the previous year, the firm earned $1.54 EPS. The company’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. Research analysts anticipate that WD-40 will post 6.26 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, July 17th. WD-40’s dividend payout ratio (DPR) is 62.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in 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 valued at $5,032,000 after purchasing an additional 901 shares in the last quarter. AQR Capital Management LLC lifted its position in 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 purchasing an additional 437 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in WD-40 by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,096 shares of the specialty chemicals company’s stock worth $1,975,000 after buying an additional 343 shares in the last quarter. NewEdge Advisors LLC grew its stake in WD-40 by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company’s stock worth $385,000 after buying an additional 98 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of WD-40 by 476.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company’s stock worth $911,000 after buying an additional 3,086 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Company Profile

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.