WD-40’s (WDFC) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of WD-40 (NASDAQ:WDFC) in a research report report published on Friday,Weiss Ratings reports.

Separately, DA Davidson decreased 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $300.00.

WD-40 Stock Performance

Shares of WDFC stock opened at $202.51 on Friday. The company has a market capitalization of $2.74 billion, a P/E ratio of 30.32 and a beta of 0.09. WD-40 has a fifty-two week low of $187.40 and a fifty-two week high of $292.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.01 and a current ratio of 2.79. The stock has a 50 day moving average price of $206.10 and a two-hundred day moving average price of $221.80.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 earnings per share (EPS) 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 firm had revenue of $163.47 million for the quarter, compared to analysts’ expectations of $153.90 million. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. Analysts expect that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Announces Dividend

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

Institutional Trading of WD-40

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of WD-40 by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 568,302 shares of the specialty chemicals company’s stock worth $138,666,000 after acquiring an additional 4,672 shares during the period. Alliancebernstein L.P. grew its stake in WD-40 by 11.9% in the second quarter. Alliancebernstein L.P. now owns 501,405 shares of the specialty chemicals company’s stock worth $114,365,000 after purchasing an additional 53,225 shares during the period. Geode Capital Management LLC raised its holdings in 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 worth $91,059,000 after purchasing an additional 5,621 shares in the last quarter. Ameriprise Financial Inc. lifted its position in WD-40 by 24.4% during the second quarter. Ameriprise Financial Inc. now owns 333,505 shares of the specialty chemicals company’s stock valued at $76,069,000 after buying an additional 65,423 shares during the period. Finally, Geneva Capital Management LLC boosted its holdings in shares of WD-40 by 6.1% during the 2nd quarter. Geneva Capital Management LLC now owns 263,301 shares of the specialty chemicals company’s stock valued at $60,056,000 after buying an additional 15,104 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

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.