WD-40 (NASDAQ:WDFC) Given “Buy” Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of WD-40 (NASDAQ:WDFC) in a report issued on Monday morning,Benzinga reports. They currently have a $322.00 price objective 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 increased their price target on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

WD-40 Stock Up 1.5 %

WDFC opened at $236.47 on Monday. The firm’s fifty day moving average is $254.96 and its 200 day moving average is $257.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 45.30 and a beta of -0.04.

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. The company had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 earnings per share. On average, sell-side analysts forecast that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, January 17th. This is an increase from WD-40’s previous quarterly dividend of $0.88. WD-40’s payout ratio is currently 72.03%.

Insider Buying and Selling

In other WD-40 news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total transaction 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. This represents a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WDFC. V Square Quantitative Management LLC bought a new position in WD-40 in the third quarter worth about $29,000. Covestor Ltd raised its stake in WD-40 by 41.3% in the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 66 shares during the last quarter. GAMMA Investing LLC raised its position in 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 buying an additional 84 shares during the last quarter. Blue Trust Inc. lifted its position in WD-40 by 28.9% during the third quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company’s stock valued at $101,000 after purchasing an additional 88 shares during the period. Finally, KBC Group NV boosted its holdings 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 during 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.