AlphaQuest LLC Has $537,000 Holdings in WD-40 Company $WDFC

AlphaQuest LLC lowered its stake in WD-40 Company (NASDAQ:WDFC) by 62.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,354 shares of the specialty chemicals company’s stock after selling 3,850 shares during the quarter. AlphaQuest LLC’s holdings in WD-40 were worth $537,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new stake in shares of WD-40 in the 2nd quarter valued at $30,000. Golden State Wealth Management LLC increased its holdings in WD-40 by 210.6% during the 1st quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 99 shares in the last quarter. Covestor Ltd increased its holdings in WD-40 by 49.3% during the 1st quarter. Covestor Ltd now owns 306 shares of the specialty chemicals company’s stock worth $75,000 after purchasing an additional 101 shares in the last quarter. GAMMA Investing LLC increased its holdings in WD-40 by 17.0% during the 1st quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company’s stock worth $114,000 after purchasing an additional 68 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in WD-40 by 17.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 522 shares of the specialty chemicals company’s stock worth $127,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WDFC. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. DA Davidson decreased their price objective on WD-40 from $322.00 to $300.00 and set a “buy” rating for the company in a report on Friday, July 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

WD-40 Trading Up 3.5%

Shares of WDFC stock opened at $202.18 on Wednesday. The firm has a 50 day moving average price of $205.26 and a two-hundred day moving average price of $221.51. The company has a quick ratio of 2.01, a current ratio of 2.79 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.74 billion, a PE ratio of 30.27 and a beta of 0.09. WD-40 Company has a 12-month low of $187.40 and a 12-month high of $292.36.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.26 by $0.30. WD-40 had a net margin of 14.68% and a return on equity of 31.84%. The company had revenue of $163.47 million for the quarter, compared to analysts’ expectations of $153.90 million. During the same period last year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. As a group, analysts predict that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, October 20th. WD-40’s dividend payout ratio (DPR) is 56.29%.

Insider Transactions at WD-40

In other news, Director Daniel T. Carter acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average cost of $199.37 per share, with a total value of $199,370.00. Following the completion of the purchase, the director directly owned 7,205 shares of the company’s stock, valued at $1,436,460.85. The trade was a 16.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by company insiders.

WD-40 Company Profile

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.