WD-40 (NASDAQ:WDFC) Director Buys $102,701.51 in Stock

WD-40 Company (NASDAQ:WDFC) Director David Pendarvis purchased 523 shares at $196.37 each, totaling $102,701.51, increasing his ownership by 9.80%. Post-transaction, he holds 5,862 shares valued at approximately $1.15 million. The company reported a quarterly EPS of $1.56, exceeding estimates, with revenue of $163.47 million. A quarterly dividend of $0.94 per share will be paid on October 31. Analysts have a consensus target price of $300.00 for WDFC, with a current market cap of $2.62 billion and a PE ratio of 29.00.

WD-40 Company (NASDAQ:WDFC - Get Free Report) Director David Pendarvis acquired 523 shares of the firm's stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $196.37 per share, with a total value of $102,701.51. Following the acquisition, the director owned 5,862 shares in the company, valued at approximately $1,151,120.94. The trade was a 9.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

WD-40 Stock Performance

WD-40 Company Gears Up for a Double-Digit Stock Advance

Shares of WDFC opened at $193.70 on Friday. WD-40 Company has a 12 month low of $187.40 and a 12 month high of $292.36. The stock has a fifty day moving average price of $204.14 and a 200-day moving average price of $221.11. The company has a current ratio of 2.79, a quick ratio of 2.01 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.62 billion, a PE ratio of 29.00 and a beta of 0.09.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The specialty chemicals company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.26 by $0.30. WD-40 had a return on equity of 31.84% and a net margin of 14.68%.The firm had revenue of $163.47 million during the quarter, compared to analyst estimates of $153.90 million. During the same quarter in the prior year, the business posted $1.23 EPS. The business's revenue for the quarter 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. Equities research analysts predict that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

Time to Take a Bite of This Stock's Enticing Value

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 dividend yield of 1.9%. The ex-dividend date is Monday, October 20th. WD-40's dividend payout ratio is currently 56.29%.

Analysts Set New Price Targets

Several brokerages have recently commented on WDFC. Weiss Ratings reiterated a "hold (c)" rating on shares of WD-40 in a report on Wednesday, October 8th. DA Davidson reduced their target price on WD-40 from $322.00 to $300.00 and set a "buy" rating for the company in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $300.00.

Overcoming Hurdles: This Stock is Ready for New All-Time Highs

Check Out Our Latest Research Report on WD-40

Hedge Funds Weigh In On WD-40

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDFC. Wealth Enhancement Advisory Services LLC grew its position in WD-40 by 36.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,830 shares of the specialty chemicals company's stock worth $447,000 after purchasing an additional 491 shares during the period. KBC Group NV grew its position in WD-40 by 8.9% during the 1st quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after purchasing an additional 49 shares during the period. GAMMA Investing LLC grew its position in WD-40 by 17.0% during the 1st quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company's stock worth $114,000 after purchasing an additional 68 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in WD-40 by 15.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,789 shares of the specialty chemicals company's stock worth $1,168,000 after purchasing an additional 645 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in WD-40 by 37.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,299 shares of the specialty chemicals company's stock worth $563,000 after purchasing an additional 627 shares during the period. Hedge funds and other institutional investors own 91.52% of the company's stock.

About WD-40

(Get Free Report)

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.