Key Points
- Phenix Kiamilev, VP of WD-40 Company, purchased 55 shares of stock at an average price of $200.46 per share, increasing his ownership by 1.29% to a total of 4,303 shares.
- WD-40 reported $1.56 earnings per share for the latest quarter, exceeding expectations and showing a 4.8% year-over-year revenue growth to $163.47 million.
- The company has announced a quarterly dividend of $0.94, yielding approximately 2.0%, with the payout set for October 31st, benefiting investors recorded by October 20th.
WD-40 Company (NASDAQ:WDFC - Get Free Report) VP Phenix Kiamilev acquired 55 shares of the firm's stock in a transaction that occurred on Tuesday, October 28th. The stock was acquired at an average cost of $200.46 per share, with a total value of $11,025.30. Following the completion of the acquisition, the vice president directly owned 4,303 shares in the company, valued at approximately $862,579.38. This represents a 1.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
WD-40 Stock Performance
Shares of WDFC stock opened at $191.41 on Thursday. WD-40 Company has a 12-month low of $187.40 and a 12-month high of $292.36. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 28.65 and a beta of 0.09. The business has a 50 day simple moving average of $204.67 and a 200 day simple moving average of $221.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.79 and a quick ratio of 2.01.
WD-40 (NASDAQ:WDFC - Get Free Report) last issued 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. WD-40 had a return on equity of 31.84% and a net margin of 14.68%.The business had revenue of $163.47 million during the quarter, compared to analyst estimates of $153.90 million. During the same period in the prior year, the company posted $1.23 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. On average, equities research analysts anticipate that WD-40 Company will post 5.42 EPS for the current year.
WD-40 Dividend Announcement
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. This represents a $3.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, October 20th. WD-40's dividend payout ratio is 56.29%.
Hedge Funds Weigh In On WD-40
Hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in shares of WD-40 during the 2nd quarter valued at $30,000. HM Payson & Co. acquired a new position in shares of WD-40 during the 3rd quarter valued at $28,000. Golden State Wealth Management LLC increased its position in shares of WD-40 by 210.6% during the 1st quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock valued at $36,000 after purchasing an additional 99 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of WD-40 by 207.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company's stock valued at $36,000 after purchasing an additional 106 shares during the period. Finally, Covestor Ltd increased its position in shares of WD-40 by 49.3% during the 1st quarter. Covestor Ltd now owns 306 shares of the specialty chemicals company's stock valued at $75,000 after purchasing an additional 101 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WDFC has been the subject of a number of recent analyst reports. DA Davidson decreased their price objective on WD-40 from $322.00 to $300.00 and set a "buy" rating for the company in a report on Friday, July 11th. Weiss Ratings reissued a "hold (c)" rating on shares of WD-40 in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, WD-40 currently has an average rating of "Moderate Buy" and an average price target of $300.00.
Check Out Our Latest Stock Analysis on WDFC
About WD-40
(
Get Free Report)
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.
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