DA Davidson Reiterates “Buy” Rating for WD-40 (NASDAQ:WDFC)

WD-40 (NASDAQ:WDFC)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a report released on Monday,Benzinga reports. They currently have a $322.00 price target on the specialty chemicals company’s stock. DA Davidson’s target price 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 lifted their price target on WD-40 from $250.00 to $280.00 and gave the stock 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 market capitalization of $3.20 billion, a price-to-earnings ratio of 45.24 and a beta of -0.04. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The firm has a 50-day moving average price of $253.26 and a 200 day moving average price of $257.62. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The business had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. During the same quarter in the previous year, the company earned $1.28 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts anticipate that WD-40 will post 5.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William B. Noble sold 1,000 shares of the company’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 transaction, the director now owns 7,999 shares of the company’s stock, valued at approximately $2,317,310.30. This represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

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.