WD-40 Company $WDFC Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in shares of WD-40 Company (NASDAQ:WDFC) by 15.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,047 shares of the specialty chemicals company’s stock after selling 3,961 shares during the quarter. California Public Employees Retirement System owned 0.16% of WD-40 worth $4,292,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WDFC. Balyasny Asset Management L.P. bought a new stake in shares of WD-40 in the fourth quarter worth $29,291,000. Royce & Associates LP increased its position in shares of WD-40 by 739.8% in the 4th quarter. Royce & Associates LP now owns 165,187 shares of the specialty chemicals company’s stock worth $32,525,000 after purchasing an additional 145,517 shares during the last quarter. First Trust Advisors LP increased its position in shares of WD-40 by 62.5% in the 4th quarter. First Trust Advisors LP now owns 289,954 shares of the specialty chemicals company’s stock worth $57,092,000 after purchasing an additional 111,559 shares during the last quarter. GCQ FUNDS MANAGEMENT PTY Ltd raised its stake in shares of WD-40 by 89.2% in the 4th quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock valued at $43,559,000 after purchasing an additional 104,282 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of WD-40 during the third quarter worth about $13,817,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on WDFC shares. Weiss Ratings lowered WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. DA Davidson increased their target price on WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 10th. William Blair began coverage on WD-40 in a research report on Monday, April 6th. They issued an “outperform” rating for the company. Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a report on Friday, July 10th. Finally, Northcoast Research raised WD-40 to a “strong-buy” rating in a research report on Wednesday, June 24th. 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 stock currently has an average rating of “Buy” and an average price target of $305.00.

WD-40 Stock Performance

NASDAQ WDFC opened at $231.33 on Monday. WD-40 Company has a one year low of $175.38 and a one year high of $298.90. The company has a 50-day simple moving average of $227.26 and a 200-day simple moving average of $222.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. The firm has a market capitalization of $3.10 billion, a PE ratio of 35.16 and a beta of 0.26.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data 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. The business had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts forecast that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. WD-40’s dividend payout ratio is 62.01%.

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.