WD-40’s (WDFC) “Buy” Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of WD-40 (NASDAQ:WDFC) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a $322.00 price target on the specialty chemicals company’s stock. DA Davidson also issued estimates for WD-40’s FY2026 earnings at $5.94 EPS.

Separately, Jefferies Financial Group upped their price target on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $231.33 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $256.86 and its two-hundred day moving average price is $257.17. The company has a market cap of $3.13 billion, a PE ratio of 44.32 and a beta of -0.04. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The business had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. During the same quarter in the prior year, the business earned $1.28 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that WD-40 will post 5.36 EPS for the current year.

WD-40 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.94 per share. This is a boost from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.76 annualized dividend and a yield of 1.63%. WD-40’s dividend payout ratio (DPR) is presently 72.03%.

Insider Transactions at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of WD-40 stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total value of $289,700.00. Following the completion of the sale, the director now owns 7,999 shares in the company, valued at $2,317,310.30. The trade was a 11.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in WD-40 during the third quarter worth approximately $29,000. Covestor Ltd lifted its position in shares of WD-40 by 41.3% during the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock valued at $58,000 after acquiring an additional 66 shares during the period. GAMMA Investing LLC grew its holdings in shares of WD-40 by 34.9% during the 3rd quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock worth $84,000 after purchasing an additional 84 shares in the last quarter. Blue Trust Inc. increased its position in shares of WD-40 by 28.9% in the third quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company’s stock worth $101,000 after purchasing an additional 88 shares during the period. Finally, KBC Group NV raised its stake in WD-40 by 28.6% in the third quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock valued at $115,000 after purchasing an additional 99 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

About WD-40

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.