Palisade Capital Management LLC NJ Grows Holdings in Woodward, Inc. (WWD)

Palisade Capital Management LLC NJ boosted its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,061 shares of the technology company’s stock after buying an additional 2,256 shares during the period. Palisade Capital Management LLC NJ owned approximately 0.26% of Woodward worth $12,422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisor Group Inc. raised its holdings in shares of Woodward by 9.8% in the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after purchasing an additional 147 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Woodward by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after purchasing an additional 190 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after buying an additional 171 shares during the period. Diversified Trust Co bought a new position in Woodward during the second quarter valued at about $213,000. Finally, PNC Financial Services Group Inc. grew its position in Woodward by 66.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock valued at $217,000 after buying an additional 1,266 shares during the period. Hedge funds and other institutional investors own 71.29% of the company’s stock.

WWD has been the topic of a number of recent analyst reports. Wood & Company initiated coverage on shares of Woodward in a report on Thursday, July 13th. They issued an “outperform” rating and a $82.00 price target on the stock. Oppenheimer Holdings, Inc. initiated coverage on shares of Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price target on the stock. CIBC initiated coverage on shares of Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price target on the stock. BidaskClub downgraded shares of Woodward from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Woodward currently has an average rating of “Hold” and an average price target of $74.75.

Woodward, Inc. (NASDAQ:WWD) traded up $0.11 during mid-day trading on Friday, hitting $77.99. 233,586 shares of the company’s stock traded hands, compared to its average volume of 213,968. The stock has a market capitalization of $4,802.93, a PE ratio of 24.71, a P/E/G ratio of 1.87 and a beta of 1.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.21 and a quick ratio of 1.05.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.64%. The ex-dividend date is Friday, November 10th. Woodward’s payout ratio is currently 15.77%.

In other Woodward news, Director John A. Halbrook sold 8,700 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $70.02, for a total transaction of $609,174.00. Following the sale, the director now owns 350,521 shares in the company, valued at approximately $24,543,480.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John A. Halbrook sold 1,800 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $70.60, for a total value of $127,080.00. Following the sale, the director now owns 345,721 shares in the company, valued at approximately $24,407,902.60. The disclosure for this sale can be found here. Insiders sold a total of 16,200 shares of company stock valued at $1,138,389 over the last ninety days. 5.93% of the stock is currently owned by company insiders.

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Woodward Company Profile

Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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