Alps Advisors Inc. Sells 3,102 Shares of WD-40 Company $WDFC

Alps Advisors Inc. reduced its stake in shares of WD-40 Company (NASDAQ:WDFC) by 44.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,857 shares of the specialty chemicals company’s stock after selling 3,102 shares during the quarter. Alps Advisors Inc.’s holdings in WD-40 were worth $762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in WD-40 in the 2nd quarter valued at $30,000. HM Payson & Co. acquired a new position in shares of WD-40 in the third quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings in 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. Bessemer Group Inc. increased its position in WD-40 by 340.5% during the third quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 126 shares during the period. Finally, Pacer Advisors Inc. bought a new position in WD-40 during the 3rd quarter worth $97,000. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Price Performance

WD-40 stock opened at $239.61 on Friday. The stock has a market cap of $3.23 billion, a P/E ratio of 36.47 and a beta of 0.18. WD-40 Company has a 52 week low of $175.38 and a 52 week high of $253.48. The company has a quick ratio of 2.05, a current ratio of 2.97 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average price is $210.04 and its two-hundred day moving average price is $206.72.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.17). The company 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%. WD-40’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. On average, equities analysts predict that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. This is an increase from WD-40’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Friday, January 16th. WD-40’s payout ratio is presently 62.10%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WDFC. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. DA Davidson set a $300.00 price objective on shares of WD-40 in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, WD-40 presently has a consensus rating of “Moderate Buy” and an average price target of $300.00.

Insider Buying and Selling at WD-40

In related news, Director David Pendarvis acquired 424 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average cost of $247.15 per share, for a total transaction of $104,791.60. Following the purchase, the director owned 6,898 shares in the company, valued at $1,704,840.70. This trade represents a 6.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.78% 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.