Pinestone Asset Management 13F: Cuts WD-40 (WDFC) Stake by $9.3M

Pinestone Asset Management has made a notable move by significantly reducing its position in WD-40 Company (NasdaqGS: WDFC). According to its latest Form 13F filing with the SEC, the fund sold 38,371 shares, cutting its stake by nearly 88%. As of the reporting period, Pinestone now holds 5,239 shares valued at approximately $1.17 million.

What Changed in Pinestone Asset Management's WD-40 Position

Pinestone Asset Management's decision to cut its holdings in WD-40 Company resulted in a reduction from 43,610 shares to 5,239 shares. This marks a decrease of 38,371 shares, reflecting an 88% reduction in their investment. The remaining shares are valued at about $1.17 million, according to the filing.

Other Institutional Activity in WD-40 Company

Other institutional investors have also been active in WD-40 Company. BlackRock, Inc. added 3,831 shares, bringing its total to 2,019,975 shares valued at roughly $411.95 million. Vanguard Portfolio Management LLC took a more aggressive approach, adding 1,038,139 shares, resulting in a total of 1,038,139 shares worth $211.72 million. Kayne Anderson Rudnick Investment Management LLC increased its holdings by 106,808 shares, now holding 634,334 shares valued at $129.37 million. Meanwhile, AllianceBernstein L.P. trimmed its position by 59,423 shares, ending with 469,536 shares valued at $92.45 million.

WD-40 Company Stock Up 28.7%

Shares of WD-40 Company are currently trading around $223.01. The company boasts a market capitalization of approximately $3 billion and a P/E ratio of 37.86. Its stock has experienced a 52-week low of $175.38 and a high of $253.24. The 50-day moving average is $209.71, while the 200-day moving average is $209.85. The company's financial health indicators include a current ratio of 2.83, a quick ratio of 1.74, and a debt-to-equity ratio of 41.30.

Recent Earnings

WD-40 Company reported revenue of $636.48 million, reflecting a growth rate of 10.7%. The company's net margin stands at 12.57%, with a return on equity of 31.3%. Earnings per share (EPS) are reported at $5.89. The next earnings release is scheduled for July 9, 2026.

Dividend

WD-40 Company offers an annual dividend rate of $3.92, yielding 1.76%. The dividend payout ratio is 65.2%.

Insider Buying and Selling at WD-40 Company

There has been insider buying activity at WD-40 Company. Ken Allen Plunk purchased 515 shares on February 18, 2026. Additionally, David Pendarvis bought 424 shares at an average price of $247.15 on February 5, 2026. Earlier, on December 12, 2025, Pendarvis acquired 612 shares.

Analysts Set New Price Targets

On April 10, 2026, DA Davidson maintained a 'buy' rating on WD-40 Company, setting a price target of $270. The consensus among analysts suggests a mean target price of $249.50, based on two analyst opinions.

About WD-40 Company

WD-40 Company is a global player in the specialty chemicals industry, headquartered in San Diego, California. The company is known for its maintenance and homecare products, including the widely recognized WD-40 Multi-Use Product and other specialty maintenance solutions. Under the leadership of CEO Steven A. Brass, WD-40 operates across various regions, offering products through diverse retail channels.

Bottom Line

Pinestone Asset Management's substantial reduction in its WD-40 holdings is a significant move, reflecting changes in its investment strategy. Investors closely monitor such filings to gauge institutional sentiment. It's important to remember that 13F filings are backward-looking and may not represent the current investment positions.