WD-40 Company $WDFC Shares Acquired by M&T Bank Corp

01 May 2026, 07:45 by Teresa Graham · The Cerbat Gem

M&T Bank Corp increased its holdings in WD-40 Company (NASDAQ:WDFC – Free Report) by 303.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,287 shares of the specialty chemicals company’s stock after buying an additional 3,977 shares during the period. M&T Bank Corp’s holdings in WD-40 were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC increased its stake in 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 valued at $25,000 after buying an additional 124 shares during the period. Quarry LP increased its stake in WD-40 by 1,462.5% in the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 117 shares during the period. HM Payson & Co. acquired a new position in WD-40 in the 3rd quarter valued at $28,000. Bessemer Group Inc. increased its stake in WD-40 by 340.5% in the 3rd quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 126 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in WD-40 by 207.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 106 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David Pendarvis purchased 424 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were bought at an average cost of $247.15 per share, with a total value of $104,791.60. Following the purchase, the director directly owned 6,898 shares of the company’s stock, valued at approximately $1,704,840.70. This trade represents a 6.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on WDFC. Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, January 21st. William Blair began coverage on shares of WD-40 in a research note on Monday, April 6th. They issued an “outperform” rating on the stock. Finally, DA Davidson dropped their price objective on shares of WD-40 from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, WD-40 has an average rating of “Moderate Buy” and a consensus price target of $270.00.

View Our Latest Report on WDFC

WD-40 Price Performance

WD-40 stock opened at $209.96 on Friday. WD-40 Company has a 52 week low of $175.38 and a 52 week high of $253.24. The company has a quick ratio of 1.98, a current ratio of 2.83 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $220.98 and its 200 day simple moving average is $211.24. The firm has a market capitalization of $2.83 billion, a PE ratio of 35.71 and a beta of 0.25.

WD-40 (NASDAQ:WDFC – Get Free Report) last released its quarterly earnings results on Thursday, April 9th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.11. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The company had revenue of $161.67 million for the quarter, compared to analysts’ expectations of $154.90 million. During the same period last year, the company earned $1.32 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that WD-40 Company will post 5.99 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 17th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, April 17th. WD-40’s dividend payout ratio (DPR) is currently 69.39%.

WD-40 Profile

(Free Report)

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.