Creative Planning Has $1.88 Million Holdings in WD-40 Company $WDFC

Creative Planning boosted its position in shares of WD-40 Company (NASDAQ:WDFC) by 27.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,237 shares of the specialty chemicals company’s stock after acquiring an additional 1,775 shares during the period. Creative Planning owned 0.06% of WD-40 worth $1,879,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WDFC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of WD-40 by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,478 shares of the specialty chemicals company’s stock valued at $793,000 after purchasing an additional 236 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in WD-40 by 7.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,132 shares of the specialty chemicals company’s stock valued at $714,000 after purchasing an additional 226 shares during the period. Geode Capital Management LLC boosted its stake in WD-40 by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 399,186 shares of the specialty chemicals company’s stock valued at $91,059,000 after purchasing an additional 5,621 shares during the period. PNC Financial Services Group Inc. grew its holdings in WD-40 by 3.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,485 shares of the specialty chemicals company’s stock valued at $567,000 after buying an additional 78 shares during the last quarter. Finally, Rathbones Group PLC increased its position in WD-40 by 30.2% in the 2nd quarter. Rathbones Group PLC now owns 3,385 shares of the specialty chemicals company’s stock worth $772,000 after buying an additional 785 shares during the period. 91.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WDFC shares. DA Davidson set a $300.00 price objective on WD-40 in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $300.00.

Insider Transactions at WD-40

In related news, Director Daniel T. Carter bought 1,000 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was acquired at an average cost of $199.37 per share, with a total value of $199,370.00. Following the acquisition, the director owned 7,205 shares in the company, valued at approximately $1,436,460.85. This represents a 16.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sara Kathleen Hyzer bought 200 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were bought at an average price of $200.46 per share, with a total value of $40,092.00. Following the transaction, the chief financial officer directly owned 5,935 shares in the company, valued at $1,189,730.10. This trade represents a 3.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 2,640 shares of company stock valued at $522,765. Corporate insiders own 0.78% of the company’s stock.

WD-40 Stock Performance

WDFC opened at $197.03 on Thursday. The stock’s 50 day simple moving average is $197.21 and its 200-day simple moving average is $217.13. 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 stock has a market cap of $2.67 billion, a PE ratio of 29.50 and a beta of 0.18. WD-40 Company has a 1 year low of $187.40 and a 1 year high of $282.68.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.26 by $0.30. The firm had revenue of $163.47 million during the quarter, compared to analysts’ expectations of $153.90 million. WD-40 had a return on equity of 31.84% and a net margin of 14.68%.WD-40’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $1.23 earnings per share. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. Sell-side analysts forecast that WD-40 Company will post 5.42 EPS for the current 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 paid a $0.94 dividend. The ex-dividend date of this dividend was Monday, October 20th. This represents a $3.76 dividend on an annualized basis and a yield of 1.9%. WD-40’s payout ratio is presently 56.29%.

WD-40 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.