WD-40 (NASDAQ:WDFC) Hits New 52-Week Low – What’s Next?

WD-40 Company (NASDAQ:WDFC) shares reached a new 52-week low on Monday . The company traded as low as $186.37 and last traded at $187.2160, with a volume of 97479 shares trading hands. The stock had previously closed at $190.73.

Analyst Upgrades and Downgrades

Several research firms recently commented on WDFC. DA Davidson set a $300.00 target price on WD-40 in a research report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, WD-40 presently has an average rating of “Moderate Buy” and an average target price of $300.00.

WD-40 Stock Up 1.3%

The business has a 50-day moving average price of $195.42 and a 200-day moving average price of $213.72. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 28.92 and a beta of 0.16. The company has a quick ratio of 2.01, a current ratio of 2.79 and a debt-to-equity ratio of 0.32.

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

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were given a dividend of $0.94 per share. The ex-dividend date was Monday, October 20th. This represents a $3.76 dividend on an annualized basis and a yield of 1.9%. WD-40’s dividend payout ratio (DPR) is presently 56.29%.

Insider Buying and Selling

In related news, CEO Steven A. Brass bought 362 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was bought at an average price of $200.46 per share, for a total transaction of $72,566.52. Following the transaction, the chief executive officer directly owned 33,761 shares in the company, valued at $6,767,730.06. This represents a 1.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sara Kathleen Hyzer purchased 200 shares of the stock in a transaction dated Tuesday, October 28th. The shares were bought at an average price of $200.46 per share, for a total transaction of $40,092.00. Following the completion of the acquisition, the chief financial officer owned 5,935 shares in the company, valued at $1,189,730.10. This represents a 3.49% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 2,640 shares of company stock worth $522,765 over the last ninety days. 0.78% of the stock is currently owned by corporate insiders.

Institutional Trading of WD-40

Institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL increased its position in WD-40 by 138.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 40,674 shares of the specialty chemicals company’s stock worth $8,037,000 after purchasing an additional 23,626 shares during the last quarter. Allworth Financial LP grew its stake in shares of WD-40 by 4.4% in the 3rd quarter. Allworth Financial LP now owns 1,317 shares of the specialty chemicals company’s stock valued at $260,000 after buying an additional 56 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in WD-40 in the third quarter worth approximately $287,000. Advisory Services Network LLC acquired a new position in WD-40 in the third quarter worth approximately $94,000. Finally, Jacobs Levy Equity Management Inc. raised its position in WD-40 by 2.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 60,217 shares of the specialty chemicals company’s stock valued at $11,899,000 after acquiring an additional 1,447 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

About WD-40

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.