DA Davidson Reaffirms Buy Rating for WD-40 (NASDAQ:WDFC)

WD-40 (NASDAQ:WDFC)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a report issued on Monday,Benzinga reports. They presently have a $322.00 price objective on the specialty chemicals company’s stock. DA Davidson’s price objective would suggest a potential upside of 36.37% from the stock’s current price. DA Davidson also issued estimates for WD-40’s Q2 2025 earnings at $1.42 EPS and FY2025 earnings at $5.54 EPS.

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

WD-40 Stock Up 1.3 %

Shares of WD-40 stock traded up $3.04 during trading hours on Monday, reaching $236.13. 10,318 shares of the company were exchanged, compared to its average volume of 118,614. The firm has a market cap of $3.20 billion, a PE ratio of 45.23 and a beta of -0.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The stock’s fifty day moving average is $254.96 and its 200 day moving average is $257.59.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. WD-40’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. As a group, equities research analysts forecast that WD-40 will post 5.36 earnings per share for the current year.

Insider Buying and Selling

In other WD-40 news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total value of $289,700.00. Following the completion of the transaction, the director now owns 7,999 shares in the company, valued at $2,317,310.30. This represents a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by company insiders.

Institutional Trading of WD-40

Several institutional investors and hedge funds have recently made changes to their positions in WDFC. V Square Quantitative Management LLC purchased a new position in shares of WD-40 during the third quarter worth approximately $29,000. Covestor Ltd boosted its stake in shares of WD-40 by 41.3% during the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after buying an additional 66 shares during the period. GAMMA Investing LLC grew its holdings in shares of WD-40 by 34.9% during the third quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock worth $84,000 after buying an additional 84 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of WD-40 by 28.9% during the third quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company’s stock worth $101,000 after buying an additional 88 shares during the last quarter. Finally, KBC Group NV increased its position in WD-40 by 28.6% in the 3rd quarter. KBC Group NV now owns 445 shares of the specialty chemicals company’s stock valued at $115,000 after acquiring an additional 99 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

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.