WD-40 (NASDAQ:WDFC) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• WD-40's stock has received a reaffirmed "hold (c)" rating from Weiss Ratings, with DA Davidson lowering its target price from $322.00 to $300.00 while maintaining a "buy" rating.
• The company's shares fell 2.0% on Friday, closing at $202.51, with a current market capitalization of $2.74 billion and a P/E ratio of 30.32.
• WD-40 reported $1.56 EPS for the last quarter, surpassing estimates of $1.26, with a revenue increase of 4.8% year-over-year to $163.47 million.

WD-40 (NASDAQ:WDFC - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Separately, DA Davidson cut their target price on WD-40 from $322.00 to $300.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $300.00.

WD-40 Stock Down 2.0%

Shares of WDFC stock traded down $4.03 during trading hours on Friday, reaching $202.51. The company had a trading volume of 191,573 shares, compared to its average volume of 145,398. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.02 and a current ratio of 2.84. WD-40 has a twelve month low of $187.40 and a twelve month high of $292.36. The company has a market capitalization of $2.74 billion, a P/E ratio of 30.32 and a beta of 0.09. The stock's fifty day simple moving average is $206.10 and its 200 day simple moving average is $221.75.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.30. WD-40 had a return on equity of 32.71% 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 quarter last year, the firm earned $1.23 earnings per share. The company'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. As a group, sell-side analysts expect that WD-40 will post 5.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. grew its position in shares of WD-40 by 4.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company's stock worth $256,000 after acquiring an additional 48 shares in the last quarter. KBC Group NV grew its position in shares of WD-40 by 8.9% in the 1st quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after acquiring an additional 49 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of WD-40 by 5.9% in the 1st quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company's stock worth $218,000 after acquiring an additional 50 shares in the last quarter. Xponance Inc. grew its position in shares of WD-40 by 5.4% in the 1st quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company's stock worth $253,000 after acquiring an additional 53 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in shares of WD-40 by 3.9% in the 1st quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company's stock worth $362,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.