WD-40 Stock Price, News & Analysis (NASDAQ:WDFC)

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WD-40 in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WDFC shares.
View WDFC analyst ratings or view top-rated stocks.

1 brokers have issued 12 month target prices for WD-40's shares. Their WDFC share price targets range from $258.00 to $258.00. On average, they predict the company's stock price to reach $258.00 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
View analysts price targets for WDFC or view top-rated stocks among Wall Street analysts.

WD-40's stock was trading at $161.21 at the beginning of 2023. Since then, WDFC shares have increased by 48.6% and is now trading at $239.54.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 8th 2024.
View our WDFC earnings forecast.

WD-40 (NASDAQ:WDFC) announced its earnings results on Thursday, October, 19th. The specialty chemicals company reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. The specialty chemicals company had revenue of $140.50 million for the quarter, compared to analysts' expectations of $138.20 million. WD-40 had a trailing twelve-month return on equity of 32.81% and a net margin of 12.28%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 EPS.

WD-40 announced a quarterly dividend on Friday, October 6th. Stockholders of record on Friday, October 20th will be paid a dividend of $0.83 per share on Tuesday, October 31st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, October 19th.
Read our dividend analysis for WDFC.

WD-40 (NASDAQ:WDFC) pays an annual dividend of $3.32 per share and currently has a dividend yield of 1.39%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 68.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WDFC will have a dividend payout ratio of 57.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WDFC.

ETFs with the largest weight of WD-40 (NASDAQ:WDFC) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Quality ETF (XSHQ), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Value Line Dividend Index Fund (FVD), ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL), Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and Principal US Small-Cap Adaptive Multi-Factor ETF (PLTL).

WD-40 updated its FY24 earnings guidance on Thursday, October, 19th. The company provided earnings per share guidance of $4.78-$5.15 for the period, compared to the consensus EPS estimate of $5.30. The company issued revenue guidance of $570-$600 million, compared to the consensus revenue estimate of $563.40 million.

42 employees have rated WD-40 Chief Executive Officer Garry O. Ridge on Glassdoor.com. Garry O. Ridge has an approval rating of 98% among the company's employees. This puts Garry O. Ridge in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other WD-40 investors own include Home Depot (HD), Walt Disney (DIS), Johnson & Johnson (JNJ), McDonald's (MCD), Texas Instruments (TXN), NVIDIA (NVDA), AT&T (T), Intel (INTC) and NIKE (NKE).

WD-40's stock is owned by a variety of retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (4.59%), Morgan Stanley (2.31%), Conestoga Capital Advisors LLC (2.30%), Ameriprise Financial Inc. (2.04%), Principal Financial Group Inc. (1.40%) and Bank of New York Mellon Corp (1.13%). Insiders that own company stock include Eric Etchart, Garry O Ridge, Geoffrey Holdsworth, Patricia Q Olsem, Phenix Q Kiamilev, Richard T Clampitt, Sara Kathleen Hyzer, Steven A Brass and William B Noble.
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Shares of WDFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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