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

WD-40 Company (NASDAQ:WDFC) Director David Pendarvis bought 424 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was purchased at an average price of $247.15 per share, with a total value of $104,791.60. Following the completion of the transaction, the director directly owned 6,898 shares in the company, valued at approximately $1,704,840.70. This represents a 6.55% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

WD-40 Price Performance

NASDAQ:WDFC traded down $14.43 during mid-day trading on Friday, reaching $238.53. The stock had a trading volume of 388,588 shares, compared to its average volume of 215,411. The stock has a 50-day simple moving average of $205.78 and a two-hundred day simple moving average of $205.89. The stock has a market capitalization of $3.22 billion, a PE ratio of 36.31 and a beta of 0.18. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $253.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.97 and a quick ratio of 2.05.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.28 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 business had revenue of $154.42 million for the quarter, compared to analyst estimates of $155.10 million. During the same period last year, the firm posted $1.39 EPS. WD-40’s quarterly revenue was up .6% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. On average, equities analysts anticipate that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

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

Institutional Trading of WD-40

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in WD-40 by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 1,650,622 shares of the specialty chemicals company’s stock valued at $325,007,000 after purchasing an additional 47,528 shares during the period. Alliancebernstein L.P. grew its position in shares of WD-40 by 6.4% in the 3rd quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company’s stock valued at $105,467,000 after buying an additional 32,333 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of WD-40 by 1.4% in the second quarter. Geode Capital Management LLC now owns 399,186 shares of the specialty chemicals company’s stock valued at $91,059,000 after buying an additional 5,621 shares during the period. Ameriprise Financial Inc. raised its position in shares of WD-40 by 24.4% during the second quarter. Ameriprise Financial Inc. now owns 333,505 shares of the specialty chemicals company’s stock worth $76,069,000 after acquiring an additional 65,423 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of WD-40 by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 284,095 shares of the specialty chemicals company’s stock worth $56,135,000 after acquiring an additional 5,173 shares during the period. Institutional investors own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

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

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.