WD-40 (NASDAQ:WDFC) Given New $300.00 Price Target at DA Davidson

WD-40 (NASDAQ:WDFC - Free Report) had its price target lowered by DA Davidson from $322.00 to $300.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a buy rating on the specialty chemicals company's stock. DA Davidson also issued estimates for WD-40's FY2026 earnings at $6.05 EPS.

WD-40 Stock Up 1.6%

Shares of WDFC traded up $3.57 on Friday, hitting $226.90. The company's stock had a trading volume of 231,014 shares, compared to its average volume of 121,209. The firm's fifty day moving average price is $238.75 and its 200-day moving average price is $235.63. WD-40 has a fifty-two week low of $208.00 and a fifty-two week high of $292.36. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 35.73 and a beta of 0.14.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. WD-40 had a net margin of 14.13% and a return on equity of 31.23%. The firm had revenue of $156.92 million for the quarter, compared to analyst estimates of $160.60 million. During the same quarter in the previous year, the firm posted $1.46 earnings per share. The business's revenue was up 1.2% on a year-over-year basis. On average, equities research analysts expect that WD-40 will post 5.42 EPS for the current year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, July 18th. WD-40's dividend payout ratio is 59.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WDFC. Jones Financial Companies Lllp lifted its stake in WD-40 by 222.4% in the 4th quarter. Jones Financial Companies Lllp now owns 648 shares of the specialty chemicals company's stock valued at $157,000 after acquiring an additional 447 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of WD-40 by 70.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock valued at $137,000 after purchasing an additional 233 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of WD-40 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company's stock valued at $36,537,000 after purchasing an additional 5,095 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of WD-40 by 2.1% in the fourth quarter. Victory Capital Management Inc. now owns 14,345 shares of the specialty chemicals company's stock worth $3,481,000 after purchasing an additional 294 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in WD-40 during the fourth quarter worth $6,537,000. 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.