WD-40 (NASDAQ:WDFC) Raised to Strong-Buy at DA Davidson

DA Davidson upgraded shares of WD-40 (NASDAQ:WDFC - Free Report) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports. DA Davidson also issued estimates for WD-40's Q3 2025 earnings at $1.42 EPS, FY2025 earnings at $5.54 EPS and FY2026 earnings at $5.94 EPS.

WD-40 Stock Up 2.3 %

Shares of WDFC stock traded up $5.08 during trading hours on Monday, hitting $222.76. 105,446 shares of the company were exchanged, compared to its average volume of 101,513. The company has a market capitalization of $3.02 billion, a PE ratio of 42.67 and a beta of 0.03. WD-40 has a 52 week low of $208.00 and a 52 week high of $292.36. The business has a 50 day moving average of $234.52 and a two-hundred day moving average of $248.78. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.05. The company had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 earnings per share. Analysts anticipate that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, April 17th. WD-40's payout ratio is 59.97%.

Insider Buying and Selling at WD-40

In related news, CFO Sara Kathleen Hyzer purchased 256 shares of the firm's stock in a transaction on Friday, April 11th. The stock was purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the completion of the purchase, the chief financial officer now directly owns 4,072 shares in the company, valued at $907,363.76. This trade represents a 6.71 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On WD-40

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in WD-40 by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 1,627,684 shares of the specialty chemicals company's stock valued at $395,006,000 after acquiring an additional 16,763 shares during the last quarter. Geode Capital Management LLC grew its holdings in WD-40 by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 385,779 shares of the specialty chemicals company's stock worth $93,638,000 after purchasing an additional 7,664 shares during the period. Renaissance Technologies LLC raised its stake in WD-40 by 1.0% in the fourth quarter. Renaissance Technologies LLC now owns 227,661 shares of the specialty chemicals company's stock valued at $55,249,000 after buying an additional 2,300 shares during the period. Norges Bank acquired a new stake in shares of WD-40 in the fourth quarter valued at approximately $54,571,000. Finally, Millennium Management LLC boosted its stake in shares of WD-40 by 206.9% during the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock worth $38,381,000 after acquiring an additional 106,617 shares during the period. Institutional investors and hedge funds own 91.52% of the company's stock.

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.