Catalyst Funds Management Pty Ltd Takes $798,000 Position in WD-40 Company $WDFC

Catalyst Funds Management Pty Ltd purchased a new position in WD-40 Company (NASDAQ:WDFC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,500 shares of the specialty chemicals company’s stock, valued at approximately $798,000.

Several other hedge funds have also recently modified their holdings of WDFC. Private Advisor Group LLC raised its position in WD-40 by 3.9% during the first quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 56 shares during the period. Allianz Asset Management GmbH raised its position in WD-40 by 8.3% during the 1st quarter. Allianz Asset Management GmbH now owns 1,300 shares of the specialty chemicals company’s stock valued at $317,000 after purchasing an additional 100 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in WD-40 by 6.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,300 shares of the specialty chemicals company’s stock worth $1,049,000 after acquiring an additional 266 shares in the last quarter. Westover Capital Advisors LLC lifted its holdings in WD-40 by 11.1% during the first quarter. Westover Capital Advisors LLC now owns 1,000 shares of the specialty chemicals company’s stock worth $244,000 after buying an additional 100 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of WD-40 by 10.5% during the 1st quarter. LPL Financial LLC now owns 10,390 shares of the specialty chemicals company’s stock worth $2,535,000 after purchasing an additional 987 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Insider Activity at WD-40

In related news, CEO Steven A. Brass bought 362 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average cost of $200.46 per share, with a total value of $72,566.52. Following the transaction, the chief executive officer directly owned 33,761 shares of the company’s stock, valued at approximately $6,767,730.06. This represents a 1.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sara Kathleen Hyzer purchased 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average price of $200.46 per share, for a total transaction of $40,092.00. Following the purchase, the chief financial officer directly owned 5,935 shares in the company, valued at $1,189,730.10. The trade was a 3.49% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 2,640 shares of company stock worth $522,765 over the last quarter. 0.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $300.00.

WD-40 Stock Up 1.6%

Shares of WDFC opened at $197.50 on Friday. WD-40 Company has a one year low of $187.40 and a one year high of $289.10. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 29.57 and a beta of 0.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.01 and a current ratio of 2.79. The stock has a 50 day moving average price of $198.29 and a 200 day moving average price of $218.27.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.30. WD-40 had a return on equity of 31.84% and a net margin of 14.68%.The company had revenue of $163.47 million during the quarter, compared to analysts’ expectations of $153.90 million. During the same period in the prior year, the business earned $1.23 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. Equities research analysts forecast that WD-40 Company will post 5.42 earnings per share 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 $0.94 dividend. The ex-dividend date was Monday, October 20th. This represents a $3.76 annualized dividend and a dividend yield of 1.9%. WD-40’s payout ratio is 56.29%.

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.