Insider buying at the WD-40 Company (NASDAQ: WDFC) signals value, as the stock trades near its long-term lows and at the low end of its historical price-to-earnings (P/E) range. While its 32x current-year earnings is a premium price, it reflects a solid outlook for steady top-line growth, margin improvement, accelerated earnings growth, cash flow, and capital returns.
Capital return is a critical factor for this company’s stock price outlook and value proposition, because its dividend is healthy and attractive, increases annually, and share buybacks are back on the table.
