ProShare Advisors LLC Sells 4,382 Shares of WD-40 Company $WDFC

ProShare Advisors LLC lowered its stake in shares of WD-40 Company (NASDAQ:WDFC - Free Report) by 13.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 27,661 shares of the specialty chemicals company's stock after selling 4,382 shares during the period. ProShare Advisors LLC owned approximately 0.20% of WD-40 worth $6,309,000 as of its most recent SEC filing.

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in WD-40 by 1,767.7% in the 1st quarter. Alliancebernstein L.P. now owns 448,180 shares of the specialty chemicals company's stock valued at $109,356,000 after buying an additional 424,183 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of WD-40 during the 1st quarter valued at $23,556,000. Invesco Ltd. raised its stake in shares of WD-40 by 122.0% during the 1st quarter. Invesco Ltd. now owns 162,181 shares of the specialty chemicals company's stock worth $39,572,000 after purchasing an additional 89,120 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of WD-40 in the 1st quarter worth about $13,723,000. Finally, Geneva Capital Management LLC grew its position in WD-40 by 18.7% during the first quarter. Geneva Capital Management LLC now owns 248,197 shares of the specialty chemicals company's stock valued at $60,560,000 after buying an additional 39,137 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of WD-40 in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $300.00.

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

Read Our Latest Analysis on WDFC

WD-40 Stock Performance

Shares of WDFC opened at $197.98 on Friday. WD-40 Company has a 12-month low of $187.40 and a 12-month high of $290.53. 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 company has a market cap of $2.68 billion, a PE ratio of 29.64 and a beta of 0.18. The stock has a 50-day moving average price of $200.15 and a 200-day moving average price of $219.37.

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

WD-40 (NASDAQ:WDFC - Get Free Report) last released its earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.30. WD-40 had a return on equity of 31.84% and a net margin of 14.68%.The business had revenue of $163.47 million for the quarter, compared to analysts' expectations of $153.90 million. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The firm'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. As a group, equities analysts forecast that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 20th were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Monday, October 20th. This represents a $3.76 annualized dividend and a dividend yield of 1.9%. WD-40's dividend payout ratio (DPR) is currently 56.29%.

Insiders Place Their Bets

In other WD-40 news, CEO Steven A. Brass purchased 362 shares of the business's stock in a transaction on Tuesday, October 28th. The stock was acquired at an average cost of $200.46 per share, for a total transaction of $72,566.52. Following the completion of the transaction, the chief executive officer directly owned 33,761 shares in the company, valued at approximately $6,767,730.06. This represents a 1.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel T. Carter acquired 1,000 shares of the stock in a transaction on Monday, October 27th. The stock was bought at an average price of $199.37 per share, with a total value of $199,370.00. Following the transaction, the director directly owned 7,205 shares of the company's stock, valued at approximately $1,436,460.85. The trade was a 16.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 2,640 shares of company stock valued at $522,765 over the last three months. 0.75% of the stock is currently owned by company insiders.

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.

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