24,967 Shares in WD-40 Company $WDFC Bought by Walleye Capital LLC

Walleye Capital LLC bought a new position in shares of WD-40 Company (NASDAQ:WDFC) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 24,967 shares of the specialty chemicals company’s stock, valued at approximately $5,695,000. Walleye Capital LLC owned 0.18% of WD-40 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of WD-40 in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in WD-40 by 207.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 106 shares during the last quarter. Covestor Ltd lifted its position in shares of WD-40 by 49.3% in the 1st quarter. Covestor Ltd now owns 306 shares of the specialty chemicals company’s stock worth $75,000 after purchasing an additional 101 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of WD-40 by 17.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 522 shares of the specialty chemicals company’s stock worth $127,000 after purchasing an additional 76 shares during the period. Finally, State of Wyoming boosted its stake in shares of WD-40 by 22.2% in the 1st quarter. State of Wyoming now owns 566 shares of the specialty chemicals company’s stock valued at $138,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WDFC. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. DA Davidson set a $300.00 price objective on WD-40 in a research report on Wednesday, November 26th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $300.00.

Insider Activity

In other WD-40 news, CEO Steven A. Brass bought 362 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were bought at an average price of $200.46 per share, for a total transaction of $72,566.52. Following the acquisition, the chief executive officer directly owned 33,761 shares of the company’s stock, valued at approximately $6,767,730.06. The trade was a 1.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Pendarvis purchased 523 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average cost of $196.37 per share, for a total transaction of $102,701.51. Following the transaction, the director owned 5,862 shares in the company, valued at $1,151,120.94. This represents a 9.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 2,640 shares of company stock valued at $522,765. 0.78% of the stock is currently owned by insiders.

WD-40 Price Performance

WDFC stock opened at $190.73 on Friday. The stock has a market capitalization of $2.58 billion, a PE ratio of 28.55 and a beta of 0.16. The company’s 50-day moving average is $195.76 and its 200-day moving average is $214.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.79 and a quick ratio of 2.01. WD-40 Company has a 1 year low of $187.40 and a 1 year high of $278.10.

WD-40 (NASDAQ:WDFC) last issued 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 during the quarter, compared to analyst estimates of $153.90 million. During the same period in the previous year, the company posted $1.23 EPS. The firm’s 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. Equities research analysts expect that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, October 20th. WD-40’s payout ratio is 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.