Mutual of America Capital Management LLC Cuts Position in WD-40 Company $WDFC

Mutual of America Capital Management LLC decreased its holdings in WD-40 Company (NASDAQ:WDFC) by 11.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,740 shares of the specialty chemicals company’s stock after selling 233 shares during the period. Mutual of America Capital Management LLC’s holdings in WD-40 were worth $397,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WDFC. Ameritas Advisory Services LLC purchased a new stake in shares of WD-40 during the second quarter valued at approximately $30,000. Golden State Wealth Management LLC raised its stake in shares of WD-40 by 210.6% during the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 99 shares during the period. Covestor Ltd raised its stake in shares of WD-40 by 49.3% during the first quarter. Covestor Ltd now owns 306 shares of the specialty chemicals company’s stock valued at $75,000 after purchasing an additional 101 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 raised its stake in shares of WD-40 by 17.0% during the first 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 period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Analysts Set New Price Targets

WDFC has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, October 8th. DA Davidson dropped 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 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 company’s stock. According to data from MarketBeat.com, WD-40 has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

WD-40 Stock Up 3.5%

WDFC stock opened at $202.18 on Wednesday. WD-40 Company has a twelve month low of $187.40 and a twelve month high of $292.36. 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 capitalization of $2.74 billion, a P/E ratio of 30.27 and a beta of 0.09. The firm has a 50 day simple moving average of $205.26 and a 200-day simple moving average of $221.51.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.30. WD-40 had a net margin of 14.68% and a return on equity of 31.84%. The business had revenue of $163.47 million during the quarter, compared to the consensus estimate of $153.90 million. During the same quarter last year, the company earned $1.23 earnings per share. The business’s quarterly revenue 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. On average, equities research analysts predict that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The firm 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 $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, October 20th. WD-40’s payout ratio is currently 56.29%.

Insider Buying and Selling

In other WD-40 news, Director Daniel T. Carter acquired 1,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was purchased at an average price of $199.37 per share, with a total value of $199,370.00. Following the completion of the acquisition, the director directly owned 7,205 shares in the company, valued at $1,436,460.85. This trade represents a 16.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate 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.