DA Davidson Brokers Decrease Earnings Estimates for WD-40

WD-40 (NASDAQ:WDFC) – Analysts at DA Davidson decreased their FY2025 EPS estimates for shares of WD-40 in a research note issued to investors on Monday, October 21st. DA Davidson analyst L. Weiser now anticipates that the specialty chemicals company will post earnings per share of $5.41 for the year, down from their prior forecast of $5.62. DA Davidson has a “Buy” rating and a $322.00 price target on the stock. The consensus estimate for WD-40’s current full-year earnings is $5.36 per share.

Separately, Jefferies Financial Group lifted their price target on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, October 18th.

WD-40 Trading Up 1.4 %

WD-40 stock opened at $267.92 on Wednesday. WD-40 has a 12 month low of $207.95 and a 12 month high of $278.78. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 52.43 and a beta of -0.08. The business’s fifty day simple moving average is $257.81 and its two-hundred day simple moving average is $242.82. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). The company had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 earnings per share.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a yield of 1.31%. WD-40’s payout ratio is currently 68.88%.

Insider Activity at WD-40

In related news, Director William B. Noble sold 800 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total transaction of $205,584.00. Following the sale, the director now directly owns 8,999 shares of the company’s stock, valued at $2,312,563.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WD-40

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in WD-40 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock valued at $411,374,000 after buying an additional 6,532 shares during the last quarter. Dimensional Fund Advisors LP increased its position in WD-40 by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 307,097 shares of the specialty chemicals company’s stock valued at $67,452,000 after acquiring an additional 5,893 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in WD-40 by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 142,222 shares of the specialty chemicals company’s stock valued at $31,238,000 after acquiring an additional 3,458 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in WD-40 by 13.7% in the second quarter. Jupiter Asset Management Ltd. now owns 92,005 shares of the specialty chemicals company’s stock valued at $20,208,000 after acquiring an additional 11,112 shares during the period. Finally, Millennium Management LLC boosted its position in WD-40 by 80.5% in the second quarter. Millennium Management LLC now owns 69,650 shares of the specialty chemicals company’s stock worth $15,298,000 after purchasing an additional 31,055 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Company 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.