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

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

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

WD-40 Stock Down 3.7%

WDFC stock opened at $246.79 on Thursday. WD-40 has a 52 week low of $175.38 and a 52 week high of $298.90. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 37.51 and a beta of 0.26. The firm’s 50-day moving average is $223.97 and its two-hundred day moving average is $220.98. The company has a current ratio of 2.65, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The business had revenue of $195.12 million during the quarter, compared to analysts’ expectations of $172.79 million. During the same period last year, the firm posted $1.54 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, analysts forecast 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. Shareholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 1.7%. WD-40’s payout ratio is 62.01%.

Hedge Funds Weigh In On WD-40

Several large investors have recently made changes to their positions in the business. Fortitude Family Office LLC raised its holdings in shares of WD-40 by 4,133.3% in the 4th quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 124 shares in the last quarter. Quarry LP boosted its holdings in WD-40 by 1,462.5% during the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in WD-40 by 207.8% during the second quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of WD-40 by 400.0% in the third quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock valued at $42,000 after buying an additional 172 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of WD-40 by 195.4% during the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 170 shares during the last quarter. 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.