WD-40 (NASDAQ:WDFC) Director Purchases $104,791.60 in Stock

WD-40 Company (NASDAQ:WDFC) Director David Pendarvis acquired 424 shares of WD-40 stock in a transaction dated Thursday, February 5th. The stock was purchased at an average cost of $247.15 per share, for a total transaction of $104,791.60. Following the completion of the purchase, the director owned 6,898 shares in the company, valued at approximately $1,704,840.70. The trade was a 6.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

WD-40 Trading Down 5.7%

Shares of WDFC stock traded down $14.43 during mid-day trading on Friday, hitting $238.53. The company’s stock had a trading volume of 388,588 shares, compared to its average volume of 215,411. The company has a market cap of $3.22 billion, a PE ratio of 36.31 and a beta of 0.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.05 and a current ratio of 2.97. The company’s fifty day simple moving average is $205.78 and its 200-day simple moving average is $205.89. WD-40 Company has a 52 week low of $175.38 and a 52 week high of $253.48.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.17). The company had revenue of $154.42 million for the quarter, compared to analyst estimates of $155.10 million. WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. As a group, equities research analysts expect that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.7%. This is an increase from WD-40’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Friday, January 16th. WD-40’s payout ratio is presently 62.10%.

Analysts Set New Price Targets

A number of brokerages recently commented on WDFC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. DA Davidson set a $300.00 target price on WD-40 in a research report on Wednesday, November 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, WD-40 presently has an average rating of “Moderate Buy” and an average price target of $300.00.

Institutional Investors Weigh In On WD-40

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of WD-40 by 4,133.3% in the fourth quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 124 shares in the last quarter. Quarry LP grew its stake in WD-40 by 1,462.5% in the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 117 shares during the period. HM Payson & Co. purchased a new stake in shares of WD-40 during the 3rd quarter valued at $28,000. Ameritas Advisory Services LLC purchased a new stake in shares of WD-40 during the 2nd quarter valued at $30,000. Finally, Bessemer Group Inc. boosted its holdings in shares of WD-40 by 340.5% in the 3rd quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Company Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.