Northern Trust Corp grew its position in Woodward, Inc. (NASDAQ:WWD) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,093,582 shares of the technology company’s stock after buying an additional 13,494 shares during the period. Northern Trust Corp owned 1.78% of Woodward worth $73,904,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WWD. Alps Advisors Inc. grew its position in shares of Woodward by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,046 shares of the technology company’s stock worth $476,000 after buying an additional 18 shares during the last quarter. World Asset Management Inc raised its stake in shares of Woodward by 0.9% during the 1st quarter. World Asset Management Inc now owns 3,371 shares of the technology company’s stock worth $229,000 after acquiring an additional 30 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Woodward by 0.4% during the 2nd quarter. Jennison Associates LLC now owns 9,009 shares of the technology company’s stock worth $609,000 after acquiring an additional 34 shares in the last quarter. Mitchell Capital Management Co. raised its stake in shares of Woodward by 0.5% during the 2nd quarter. Mitchell Capital Management Co. now owns 35,607 shares of the technology company’s stock worth $2,406,000 after acquiring an additional 185 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of Woodward by 2.7% during the 1st quarter. Advantus Capital Management Inc now owns 7,080 shares of the technology company’s stock worth $481,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds own 71.23% of the company’s stock.

Shares of Woodward, Inc. (NASDAQ WWD) opened at 77.61 on Monday. Woodward, Inc. has a 52-week low of $57.09 and a 52-week high of $78.95. The firm’s 50-day moving average is $69.89 and its 200 day moving average is $68.72. The stock has a market cap of $4.76 billion, a P/E ratio of 24.41 and a beta of 1.24.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, July 24th. The technology company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.09. The firm had revenue of $548.62 million for the quarter, compared to the consensus estimate of $530.89 million. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. Analysts forecast that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.50 dividend on an annualized basis and a yield of 0.64%. Woodward’s dividend payout ratio (DPR) is presently 15.77%.

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In other news, Director John A. Halbrook sold 8,700 shares of Woodward stock in a transaction dated 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 $24,543,480.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Halbrook sold 1,800 shares of Woodward stock in a transaction dated Friday, September 1st. The stock was 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. Over the last three months, insiders sold 16,200 shares of company stock valued at $1,138,389. 5.93% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on WWD shares. BidaskClub raised shares of Woodward from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Wood & Company began 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. began coverage on Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, CIBC assumed coverage on Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target on the stock. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Woodward currently has a consensus rating of “Buy” and an average target price of $74.75.

Woodward 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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