Insider Buying: WD-40 (NASDAQ:WDFC) Director Purchases $104,791.60 in Stock

WD-40 Company (NASDAQ:WDFC) Director David Pendarvis bought 424 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was acquired at an average cost of $247.15 per share, for a total transaction of $104,791.60. Following the completion of the purchase, the director directly owned 6,898 shares of the company’s stock, valued at $1,704,840.70. The trade was a 6.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

WD-40 Price Performance

Shares of WD-40 stock opened at $238.53 on Monday. The company has a market cap of $3.22 billion, a PE ratio of 36.31 and a beta of 0.18. The business has a 50 day moving average of $206.63 and a 200 day moving average of $205.90. WD-40 Company has a 52 week low of $175.38 and a 52 week high of $253.48. The company has a quick ratio of 2.05, a current ratio of 2.97 and a debt-to-equity ratio of 0.32.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.17). WD-40 had a return on equity of 30.10% and a net margin of 14.42%.The company had revenue of $154.42 million during the quarter, compared to the consensus estimate of $155.10 million. During the same quarter last year, the company posted $1.39 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. As a group, equities research analysts forecast that WD-40 Company will post 5.42 earnings per share for the current year.

WD-40 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from WD-40’s previous quarterly dividend of $0.94. WD-40’s payout ratio is currently 62.10%.

Analysts Set New Price Targets

WDFC has been the topic of a number of recent research reports. DA Davidson set a $300.00 target price on WD-40 in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, January 21st. One 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.00.

Hedge Funds Weigh In On WD-40

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC boosted its stake in WD-40 by 4,133.3% during the fourth quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 124 shares during the last quarter. Quarry LP increased its position in WD-40 by 1,462.5% during the third quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 117 shares during the last quarter. HM Payson & Co. bought a new position in WD-40 during the 3rd quarter valued at about $28,000. Ameritas Advisory Services LLC bought a new position in shares of WD-40 during the second quarter valued at approximately $30,000. Finally, Bessemer Group Inc. grew its position in WD-40 by 340.5% in the 3rd quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 126 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

About WD-40

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.