First Citizens Bank & Trust Co. Buys New Stake in WD-40 Company $WDFC

First Citizens Bank & Trust Co. purchased a new position in WD-40 Company (NASDAQ:WDFC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,211 shares of the specialty chemicals company’s stock, valued at approximately $276,000.

Several other institutional investors have also bought and sold shares of the business. Ameritas Advisory Services LLC bought a new stake in shares of WD-40 in the 2nd quarter worth about $30,000. Golden State Wealth Management LLC grew its position in WD-40 by 210.6% in the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 99 shares in the last quarter. Covestor Ltd increased its stake in WD-40 by 49.3% during the first quarter. Covestor Ltd now owns 306 shares of the specialty chemicals company’s stock worth $75,000 after acquiring an additional 101 shares during the last quarter. GAMMA Investing LLC raised its position 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 during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of WD-40 by 17.0% in the 1st 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 during the last quarter. Institutional investors own 91.52% of the company’s stock.

Analyst Ratings Changes

WDFC has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a research report on Friday. DA Davidson cut their price objective on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. 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, WD-40 presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.00.

WD-40 Trading Down 2.0%

NASDAQ WDFC opened at $202.51 on Monday. The stock has a market cap of $2.74 billion, a PE ratio of 30.32 and a beta of 0.09. WD-40 Company has a 12 month low of $187.40 and a 12 month high of $292.36. The company’s 50-day moving average price is $206.10 and its 200-day moving average price is $221.80. The company has a current ratio of 2.79, a quick ratio of 2.01 and a debt-to-equity ratio of 0.32.

WD-40 (NASDAQ:WDFC) last released 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 company had revenue of $163.47 million during the quarter, compared to analysts’ expectations of $153.90 million. WD-40 had a net margin of 14.68% and a return on equity of 31.84%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. Equities research analysts forecast that WD-40 Company will post 5.42 earnings per share for the current 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 issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, October 20th. WD-40’s dividend payout ratio (DPR) is presently 56.29%.

WD-40 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.