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 report released on Monday morning,Benzinga reports. DA Davidson currently has a $322.00 target price on the specialty chemicals company’s stock. DA Davidson also issued estimates for WD-40’s Q2 2025 earnings at $1.42 EPS and FY2025 earnings at $5.54 EPS.

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

WD-40 Stock Performance

WDFC opened at $232.61 on Monday. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 44.56 and a beta of -0.04. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The company has a fifty day moving average of $252.36 and a 200 day moving average of $257.45.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS 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 company had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. During the same period in the prior year, the company earned $1.28 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.76 annualized dividend and a yield of 1.62%. This is a boost from WD-40’s previous quarterly dividend of $0.88. WD-40’s dividend payout ratio is 72.03%.

Insider Buying and Selling at WD-40

In related news, Director William B. Noble sold 1,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 7,999 shares of the company’s stock, valued at $2,317,310.30. The trade was a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Institutional Trading of WD-40

Hedge funds have recently modified their holdings of the company. Millennium Management LLC boosted its stake in WD-40 by 80.5% in the second quarter. Millennium Management LLC now owns 69,650 shares of the specialty chemicals company’s stock valued at $15,298,000 after acquiring an additional 31,055 shares in the last quarter. Barclays PLC boosted its position in shares of WD-40 by 309.7% in the 3rd quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company’s stock worth $9,566,000 after purchasing an additional 28,039 shares in the last quarter. DF Dent & Co. Inc. grew its stake in WD-40 by 27.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 66,993 shares of the specialty chemicals company’s stock worth $17,276,000 after buying an additional 14,358 shares during the last quarter. Van ECK Associates Corp acquired a new position in WD-40 during the 4th quarter valued at about $3,217,000. Finally, Geode Capital Management LLC boosted its holdings in WD-40 by 3.5% in the third quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock worth $97,524,000 after acquiring an additional 12,943 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other 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.