First Citizens Bank & Trust Co. Makes New Investment in WD-40 Company $WDFC

First Citizens Bank & Trust Co. acquired a new position in shares of WD-40 Company (NASDAQ:WDFC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,211 shares of the specialty chemicals company’s stock, valued at approximately $276,000.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its holdings in WD-40 by 8.9% during the 1st quarter. KBC Group NV now owns 597 shares of the specialty chemicals company’s stock worth $146,000 after purchasing an additional 49 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of WD-40 by 36.7% in 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 during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of WD-40 by 37.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,299 shares of the specialty chemicals company’s stock valued at $563,000 after acquiring an additional 627 shares during the period. GAMMA Investing LLC increased its holdings in shares of WD-40 by 17.0% in the 1st quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company’s stock valued at $114,000 after acquiring an additional 68 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of WD-40 by 15.6% in 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 during the period. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a report on Friday. DA Davidson cut 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 company’s stock. According to data from MarketBeat, WD-40 currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

WD-40 Stock Down 2.0%

WD-40 stock opened at $202.51 on Monday. 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 simple moving average is $206.10 and its two-hundred day simple moving average is $221.80. The company has a market cap of $2.74 billion, a PE ratio of 30.32 and a beta of 0.09. WD-40 Company has a fifty-two week low of $187.40 and a fifty-two week high of $292.36.

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

WD-40 Announces Dividend

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

WD-40 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.