DA Davidson Reiterates 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 research note 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 suggests a potential upside of 36.37% from the company’s previous close. 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 increased their target price on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th.

WD-40 Stock Down 0.1 %

Shares of NASDAQ:WDFC opened at $236.13 on Monday. The stock has a 50-day simple moving average of $253.26 and a 200-day simple moving average of $257.62. The stock has a market capitalization of $3.20 billion, a P/E ratio of 45.24 and a beta of -0.04. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. 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 (NASDAQ:WDFC) last released its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. The company had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 earnings per share. Equities analysts forecast that WD-40 will post 5.36 earnings per share for the current year.

Insider Buying and Selling

In other news, Director William B. Noble sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total transaction of $289,700.00. Following the completion of the sale, the director now owns 7,999 shares of the company’s stock, valued at approximately $2,317,310.30. This trade represents a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

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.