David Pendarvis Purchases 424 Shares of WD-40 (NASDAQ:WDFC) Stock

WD-40 Company (NASDAQ:WDFC) Director David Pendarvis purchased 424 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was purchased at an average cost of $247.15 per share, for a total transaction of $104,791.60. Following the acquisition, the director owned 6,898 shares in the company, valued at approximately $1,704,840.70. The trade was a 6.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

WD-40 Stock Performance

Shares of NASDAQ:WDFC opened at $238.53 on Friday. WD-40 Company has a 12 month low of $175.38 and a 12 month high of $253.48. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 36.31 and a beta of 0.18. The company has a current ratio of 2.97, a quick ratio of 2.05 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $206.63 and a 200-day moving average price of $205.97.

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

WD-40 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.7%. This is a boost from WD-40’s previous quarterly dividend of $0.94. The ex-dividend date was Friday, January 16th. WD-40’s dividend payout ratio (DPR) is 62.10%.

Analyst Ratings Changes

Several research firms recently weighed in on WDFC. DA Davidson set a $300.00 price target on WD-40 in a research report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, WD-40 has an average rating of “Moderate Buy” and an average price target of $300.00.

Hedge Funds Weigh In On WD-40

Several institutional investors and hedge funds have recently modified their holdings of WDFC. Fortitude Family Office LLC grew its position in WD-40 by 4,133.3% during the 4th quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 124 shares during the last quarter. Quarry LP grew its holdings in shares of 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 buying an additional 117 shares during the last quarter. HM Payson & Co. bought a new stake in shares of WD-40 during the third quarter valued at approximately $28,000. Ameritas Advisory Services LLC bought a new stake in shares of WD-40 during the second quarter valued at approximately $30,000. Finally, Bessemer Group Inc. raised its holdings in WD-40 by 340.5% in the 3rd quarter. Bessemer Group Inc. now owns 163 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 126 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

WD-40 Company Profile

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.