WD-40 (NASDAQ:WDFC) Trading Down 5% – What’s Next?

WD-40 Company (NASDAQ:WDFC) traded down 5% during mid-day trading on Friday . The stock traded as low as $241.11 and last traded at $240.2390. 86,176 shares were traded during mid-day trading, a decline of 58% from the average session volume of 202,790 shares. The stock had previously closed at $252.96.

Wall Street Analysts Forecast Growth

WDFC has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, January 21st. DA Davidson set a $300.00 target price on WD-40 in a research note on Wednesday, November 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $300.00.

WD-40 Price Performance

The company has a current ratio of 2.97, a quick ratio of 2.05 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average is $205.78 and its 200 day moving average is $205.89. The company has a market cap of $3.22 billion, a P/E ratio of 36.30 and a beta of 0.18.

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

WD-40 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a $1.02 dividend. The ex-dividend date was Friday, January 16th. This is a positive change from WD-40’s previous quarterly dividend of $0.94. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. WD-40’s dividend payout ratio is 62.10%.

Institutional Investors Weigh In On WD-40

A number of hedge funds and other institutional investors have recently bought and sold shares of WDFC. Covestor Ltd grew its position in shares of WD-40 by 9.8% in the fourth quarter. Covestor Ltd now owns 549 shares of the specialty chemicals company’s stock valued at $108,000 after purchasing an additional 49 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in WD-40 by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,050 shares of the specialty chemicals company’s stock valued at $601,000 after buying an additional 50 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of WD-40 by 3.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,865 shares of the specialty chemicals company’s stock valued at $362,000 after buying an additional 56 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of WD-40 by 6.2% in the third quarter. Smartleaf Asset Management LLC now owns 953 shares of the specialty chemicals company’s stock worth $186,000 after buying an additional 56 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of WD-40 by 4.4% in the third quarter. Allworth Financial LP now owns 1,317 shares of the specialty chemicals company’s stock valued at $260,000 after acquiring an additional 56 shares during the period. Institutional investors own 91.52% of the company’s stock.

About WD-40

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.