ProShare Advisors LLC Sells 4,382 Shares of WD-40 Company $WDFC

ProShare Advisors LLC lowered its stake in WD-40 Company (NASDAQ:WDFC) by 13.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,661 shares of the specialty chemicals company’s stock after selling 4,382 shares during the period. ProShare Advisors LLC’s holdings in WD-40 were worth $6,309,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WDFC. Alliancebernstein L.P. lifted its holdings in WD-40 by 1,767.7% in the first quarter. Alliancebernstein L.P. now owns 448,180 shares of the specialty chemicals company’s stock worth $109,356,000 after buying an additional 424,183 shares during the period. Wellington Management Group LLP bought a new position in shares of WD-40 in the 1st quarter worth approximately $23,556,000. Invesco Ltd. lifted its stake in shares of WD-40 by 122.0% in the 1st quarter. Invesco Ltd. now owns 162,181 shares of the specialty chemicals company’s stock valued at $39,572,000 after purchasing an additional 89,120 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of WD-40 during the first quarter valued at approximately $13,723,000. Finally, Geneva Capital Management LLC grew its stake in WD-40 by 18.7% in the first quarter. Geneva Capital Management LLC now owns 248,197 shares of the specialty chemicals company’s stock worth $60,560,000 after purchasing an additional 39,137 shares during the period. 91.52% of the stock is currently owned by institutional investors.

Insider Activity

In other WD-40 news, Director David Pendarvis acquired 523 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average cost of $196.37 per share, with a total value of $102,701.51. Following the completion of the transaction, the director directly owned 5,862 shares of the company’s stock, valued at approximately $1,151,120.94. This represents a 9.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sara Kathleen Hyzer bought 200 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was acquired at an average cost of $200.46 per share, with a total value of $40,092.00. Following the transaction, the chief financial officer owned 5,935 shares in the company, valued at $1,189,730.10. The trade was a 3.49% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 2,640 shares of company stock valued at $522,765. Corporate insiders own 0.75% of the company’s stock.

WD-40 Stock Down 1.4%

NASDAQ:WDFC opened at $197.98 on Friday. 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 firm has a market cap of $2.68 billion, a P/E ratio of 29.64 and a beta of 0.18. WD-40 Company has a fifty-two week low of $187.40 and a fifty-two week high of $290.53. The firm has a 50-day simple moving average of $200.15 and a two-hundred day simple moving average of $219.37.

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

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 20th were paid a $0.94 dividend. The ex-dividend date was Monday, October 20th. This represents a $3.76 annualized dividend and a dividend yield of 1.9%. WD-40’s payout ratio is currently 56.29%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $300.00.

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.