Sara Kathleen Hyzer Acquires 200 Shares of WD-40 (NASDAQ:WDFC) Stock

WD-40 Company (NASDAQ:WDFC) CFO Sara Kathleen Hyzer acquired 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was acquired at an average cost of $200.46 per share, for a total transaction of $40,092.00. Following the acquisition, the chief financial officer owned 5,935 shares of the company’s stock, valued at $1,189,730.10. The trade was a 3.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

WD-40 Stock Performance

WDFC opened at $193.70 on Friday. The company has a current ratio of 2.79, a quick ratio of 2.01 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 29.00 and a beta of 0.09. The company’s 50 day moving average is $204.14 and its 200 day moving average is $221.11. WD-40 Company has a 12-month low of $187.40 and a 12-month high of $292.36.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.30. The company had revenue of $163.47 million for the quarter, compared to the consensus estimate of $153.90 million. WD-40 had a net margin of 14.68% and a return on equity of 31.84%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. On average, equities research analysts predict that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.9%. WD-40’s dividend payout ratio (DPR) is presently 56.29%.

Hedge Funds Weigh In On WD-40

Several hedge funds have recently modified their holdings of WDFC. Alliancebernstein L.P. lifted its holdings in shares of WD-40 by 1,767.7% in the first quarter. Alliancebernstein L.P. now owns 448,180 shares of the specialty chemicals company’s stock worth $109,356,000 after buying an additional 424,183 shares in the last quarter. Norges Bank purchased a new position in shares of WD-40 in the second quarter worth $36,563,000. Laurel Wealth Advisors LLC lifted its holdings in shares of WD-40 by 22,709.1% in the second quarter. Laurel Wealth Advisors LLC now owns 157,383 shares of the specialty chemicals company’s stock worth $35,897,000 after buying an additional 156,693 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of WD-40 in the first quarter worth $23,556,000. Finally, Invesco Ltd. lifted its holdings in shares of WD-40 by 122.0% in the first quarter. Invesco Ltd. now owns 162,181 shares of the specialty chemicals company’s stock worth $39,572,000 after buying an additional 89,120 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. DA Davidson dropped their price objective on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $300.00.

About WD-40

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.