WD-40 (NASDAQ:WDFC) Receives Buy Rating from DA Davidson

DA Davidson reaffirmed their buy rating on shares of WD-40 (NASDAQ:WDFC) in a research note released on Monday,Benzinga reports. They currently have a $322.00 price target 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 raised their target price on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a report on Friday, October 18th.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $232.61 on Monday. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The firm has a market cap of $3.15 billion, a P/E ratio of 44.56 and a beta of -0.04. The business’s 50 day moving average price is $252.36 and its 200 day moving average price is $257.45.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. The firm had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 earnings per share. On average, sell-side analysts expect that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.62%. This is an increase from WD-40’s previous quarterly dividend of $0.88. WD-40’s dividend payout ratio is currently 72.03%.

Insider Activity at WD-40

In related news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were 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 of the company’s stock, valued at approximately $2,317,310.30. This represents a 11.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WD-40

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its position in WD-40 by 1.8% in the third quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company’s stock worth $134,911,000 after acquiring an additional 9,418 shares during the period. Geode Capital Management LLC boosted its stake in WD-40 by 3.5% during the third quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock worth $97,524,000 after buying an additional 12,943 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of WD-40 by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company’s stock valued at $82,975,000 after acquiring an additional 5,381 shares during the last quarter. Geneva Capital Management LLC raised its stake in shares of WD-40 by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 211,624 shares of the specialty chemicals company’s stock valued at $54,574,000 after acquiring an additional 988 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of WD-40 by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 145,462 shares of the specialty chemicals company’s stock worth $37,512,000 after acquiring an additional 3,960 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Company 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.