WD-40 (NASDAQ:WDFC) Director David Pendarvis Buys 523 Shares

WD-40 Company (NASDAQ:WDFC) Director David Pendarvis acquired 523 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $196.37 per share, for a total transaction of $102,701.51. Following the completion of the transaction, the director owned 5,862 shares of the company’s stock, valued at approximately $1,151,120.94. This trade represents a 9.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

WD-40 Trading Up 1.2%

Shares of NASDAQ WDFC opened at $193.70 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.01 and a current ratio of 2.79. The business’s 50 day moving average price is $204.14 and its 200-day moving average price is $221.11. WD-40 Company has a fifty-two week low of $187.40 and a fifty-two week high of $292.36. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 29.00 and a beta of 0.09.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.30. WD-40 had a return on equity of 31.84% and a net margin of 14.68%.The firm had revenue of $163.47 million for the quarter, compared to the consensus estimate of $153.90 million. During the same period in the prior year, the business posted $1.23 earnings per share. The company’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. On average, sell-side analysts expect that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, October 20th. WD-40’s dividend payout ratio is presently 56.29%.

Wall Street Analyst Weigh In

WDFC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. DA Davidson reduced their price target on WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, WD-40 currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WDFC. GAMMA Investing LLC grew its stake in WD-40 by 17.0% in the first 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. Wealth Enhancement Advisory Services LLC boosted its position in WD-40 by 36.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,830 shares of the specialty chemicals company’s stock valued at $447,000 after acquiring an additional 491 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in WD-40 by 4.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,889 shares of the specialty chemicals company’s stock valued at $705,000 after acquiring an additional 132 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in WD-40 by 15.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,789 shares of the specialty chemicals company’s stock valued at $1,168,000 after acquiring an additional 645 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position 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 valued at $36,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 91.52% of the company’s stock.

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.