WD-40 (NASDAQ:WDFC) Sets New 12-Month Low – Time to Sell?

Shares of WD-40 Company (NASDAQ:WDFC) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $186.37 and last traded at $187.2160, with a volume of 97479 shares trading hands. The stock had previously closed at $190.73.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. DA Davidson set a $300.00 price target on shares of WD-40 in a report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.00.

WD-40 Price Performance

The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 28.07 and a beta of 0.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.79 and a quick ratio of 2.01. The business has a fifty day moving average price of $195.76 and a 200 day moving average price of $214.61.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data 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. The business had revenue of $163.47 million during the quarter, compared to the consensus estimate of $153.90 million. WD-40 had a net margin of 14.68% and a return on equity of 31.84%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 earnings per share. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. On average, research analysts expect that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 20th were issued a $0.94 dividend. The ex-dividend date was Monday, October 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.0%. WD-40’s dividend payout ratio (DPR) is 56.29%.

Insider Activity

In other news, Director David Pendarvis bought 523 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of $196.37 per share, for a total transaction of $102,701.51. Following the completion of the transaction, the director directly 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven A. Brass purchased 362 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were purchased at an average cost of $200.46 per share, with a total value of $72,566.52. Following the completion of the purchase, the chief executive officer owned 33,761 shares in the company, valued at $6,767,730.06. This represents a 1.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 2,640 shares of company stock valued at $522,765 over the last 90 days. Corporate insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On WD-40

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in WD-40 by 4.4% in the 3rd quarter. Allworth Financial LP now owns 1,317 shares of the specialty chemicals company’s stock valued at $260,000 after acquiring an additional 56 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of WD-40 in the 3rd quarter worth approximately $287,000. Advisory Services Network LLC acquired a new stake in WD-40 during the third quarter valued at approximately $94,000. Jacobs Levy Equity Management Inc. boosted its holdings in WD-40 by 2.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 60,217 shares of the specialty chemicals company’s stock worth $11,899,000 after buying an additional 1,447 shares in the last quarter. Finally, Morningstar Investment Management LLC acquired a new position in WD-40 in the third quarter worth approximately $654,000. 91.52% of the stock is currently owned by institutional investors.

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.