WD-40 (NASDAQ:WDFC) Trading Down 5% – Should You Sell?

Shares of WD-40 Company (NASDAQ:WDFC) were down 5% during mid-day trading on Friday . The stock traded as low as $241.11 and last traded at $240.2390. Approximately 86,176 shares changed hands during trading, a decline of 58% from the average daily volume of 202,790 shares. The stock had previously closed at $252.96.

Wall Street Analysts Forecast Growth

WDFC has been the topic of several recent analyst reports. DA Davidson set a $300.00 target price on WD-40 in a research report on Wednesday, November 26th. Weiss Ratings reiterated 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $300.00.

WD-40 Price Performance

The company has a 50 day simple moving average of $206.63 and a 200 day simple moving average of $205.97. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 36.31 and a beta of 0.18. 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 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 firm had revenue of $154.42 million during the quarter, compared to analyst estimates of $155.10 million. WD-40 had a net margin of 14.42% and a return on equity of 30.10%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. As a group, research analysts predict that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Increases Dividend

The firm also recently disclosed 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 is an increase from WD-40’s previous quarterly dividend of $0.94. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. WD-40’s dividend payout ratio (DPR) is currently 62.10%.

Insider Buying and Selling at WD-40

In other WD-40 news, Director David Pendarvis bought 424 shares of WD-40 stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average price of $247.15 per share, for a total transaction of $104,791.60. Following the acquisition, the director owned 6,898 shares of the company’s stock, valued at $1,704,840.70. The trade was a 6.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of WD-40 in the second quarter valued at about $36,563,000. Laurel Wealth Advisors LLC boosted its holdings in WD-40 by 22,709.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 157,383 shares of the specialty chemicals company’s stock worth $35,897,000 after acquiring an additional 156,693 shares during the period. GCQ FUNDS MANAGEMENT PTY Ltd grew its position in WD-40 by 89.2% in the fourth quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 221,225 shares of the specialty chemicals company’s stock valued at $43,559,000 after acquiring an additional 104,282 shares in the last quarter. First Trust Advisors LP raised its stake in shares of WD-40 by 110.1% during the third quarter. First Trust Advisors LP now owns 178,395 shares of the specialty chemicals company’s stock valued at $35,251,000 after purchasing an additional 93,502 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of WD-40 during the third quarter worth $13,817,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

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.