WILLIAM B NOBLE, the Group Managing Director of WD-40 ($WDFC), sold 800 shares of the company on 10-22-2024. We received data on the trade from a recent SEC filing. This was a sale of approximately 8.2% of their shares. Following this trade, they now own 8,999 shares of WD-40 stock.
WD-40 Insider Trading Activity
WD-40 insiders have traded $WDFC stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $WDFC stock by insiders over the last 6 months:
- WILLIAM B NOBLE (Group Managing Director, EIMEA) sold 800 shares.
- SARA KATHLEEN HYZER (VP, Finance & CFO) purchased 213 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
WD-40 Hedge Fund Activity
We have seen 146 institutional investors add shares of WD-40 stock to their portfolio, and 159 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AMERIPRISE FINANCIAL INC added 93,690 shares (+54.3%) to their portfolio in Q2 2024
- NORGES BANK added 72,785 shares (+88.3%) to their portfolio in Q2 2024
- PRINCIPAL FINANCIAL GROUP INC removed 53,069 shares (-32.6%) from their portfolio in Q2 2024
- GOLDMAN SACHS GROUP INC removed 44,819 shares (-46.0%) from their portfolio in Q2 2024
- SQUAREPOINT OPS LLC removed 36,947 shares (-52.1%) from their portfolio in Q2 2024
- BLACKROCK INC. removed 34,167 shares (-1.6%) from their portfolio in Q2 2024
- MILLENNIUM MANAGEMENT LLC added 31,055 shares (+80.5%) to their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Should I Buy $WDFC Stock?
The bull case for WD-40 Company ($WDFC) hinges on its strong commitment to returning value to shareholders, reflected in the increase of cash dividends from 32.1% of total cash returned in FY14 to a full 100% in FY21, showcasing robust financial health and shareholder confidence. With a 10-year sales CAGR of 6.4% that exceeds industry averages, the company's competitive positioning is further bolstered by the rising demand for premium products like the WD-40 Specialist line, which has the potential to surpass $100 million in sales and enhance gross margins. In contrast, the bear case raises concerns about the over 30% decline in stock price since early 2021, driven by increased inventory levels negatively impacting cash flow, a drop in sales volume due to price hikes, and ongoing pressure on gross margins from rising input costs. Additionally, the company's history of inconsistent earnings and susceptibility to fluctuations in raw material prices, especially petroleum-based chemicals and tin plate, poses significant risks to its operational performance and long-term profitability.
Background on $WDFC Stock
WD-40 Company, recognized by its stock symbol $WDFC, produces multifunctional lubricants primarily known for their popular WD-40® formula. The WD-40® product serves diverse applications, including lubrication, rust prevention, moisture displacement, and cleaning, making it a staple in households, workshops, and industrial settings. The company also offers an array of other products, such as specialty lubricants, cleaning solutions, and penetrants. With a strong global presence, WD-40 Company focuses on innovation and customer satisfaction, catering to both consumers and professionals seeking reliable solutions for maintenance and protection of various surfaces and mechanisms.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
