Insider Buying: WD-40 (NASDAQ:WDFC) Director Purchases $102,701.51 in Stock

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

WD-40 Stock Up 0.3%

Shares of WDFC stock opened at $194.28 on Friday. WD-40 Company has a 1-year low of $187.40 and a 1-year high of $292.36. The stock’s fifty day moving average price is $203.58 and its 200 day moving average price is $220.90. 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 company has a market cap of $2.63 billion, a price-to-earnings ratio of 29.08 and a beta of 0.09.

WD-40 (NASDAQ:WDFC) last announced its 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 previous year, the business earned $1.23 EPS. The firm’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, research analysts expect that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 20th were 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 was Monday, October 20th. WD-40’s payout ratio is 56.29%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WDFC shares. DA Davidson lowered their price target on WD-40 from $322.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, WD-40 presently has a consensus rating of “Moderate Buy” and an average price target of $300.00.

Hedge Funds Weigh In On WD-40

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stratos Wealth Partners LTD. lifted its holdings in shares of WD-40 by 4.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 48 shares during the period. KBC Group NV lifted its holdings in shares of WD-40 by 8.9% in the 1st quarter. KBC Group NV now owns 597 shares of the specialty chemicals company’s stock valued at $146,000 after buying an additional 49 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of WD-40 by 5.9% in the 1st quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company’s stock valued at $218,000 after buying an additional 50 shares during the period. Xponance Inc. lifted its holdings in shares of WD-40 by 5.4% in the 1st quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company’s stock valued at $253,000 after buying an additional 53 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of WD-40 by 3.9% in the 1st quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company’s stock valued at $362,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

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.