IQ EQ FUND MANAGEMENT IRELAND Ltd Raises Stake in WD-40 Company $WDFC

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of WD-40 Company (NASDAQ:WDFC) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,209 shares of the specialty chemicals company’s stock after purchasing an additional 328 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in WD-40 were worth $1,188,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in WD-40 during the second quarter valued at approximately $30,000. Golden State Wealth Management LLC lifted its holdings in WD-40 by 210.6% during the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 99 shares in the last quarter. Covestor Ltd lifted its holdings in WD-40 by 49.3% during the first quarter. Covestor Ltd now owns 306 shares of the specialty chemicals company’s stock valued at $75,000 after purchasing an additional 101 shares in the last quarter. GAMMA Investing LLC lifted its holdings in WD-40 by 17.0% during the first quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company’s stock valued at $114,000 after purchasing an additional 68 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in WD-40 by 17.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 522 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

WDFC has been the topic of several analyst reports. DA Davidson lowered their price target on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, WD-40 presently has an average rating of “Moderate Buy” and an average price target of $300.00.

WD-40 Trading Up 3.5%

Shares of WDFC opened at $202.18 on Wednesday. The company’s fifty day moving average is $205.26 and its 200 day moving average is $221.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.01 and a current ratio of 2.79. WD-40 Company has a fifty-two week low of $187.40 and a fifty-two week high of $292.36. The stock has a market capitalization of $2.74 billion, a PE ratio of 30.27 and a beta of 0.09.

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

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 20th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, October 20th. WD-40’s payout ratio is presently 56.29%.

Insiders Place Their Bets

In other news, Director Daniel T. Carter acquired 1,000 shares of the business’s stock in a transaction on Monday, October 27th. The shares were acquired at an average price of $199.37 per share, for a total transaction of $199,370.00. Following the completion of the transaction, the director directly owned 7,205 shares of the company’s stock, valued at approximately $1,436,460.85. The trade was a 16.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by company insiders.

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.