Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 225,324 shares of the technology company’s stock, valued at approximately $24,297,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WWD. Invesco Ltd. grew its stake in Woodward, Inc.Common Stock by 257.5% during the 2nd quarter. Invesco Ltd. now owns 1,034,100 shares of the technology company’s stock worth $117,020,000 after purchasing an additional 744,802 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Woodward, Inc.Common Stock by 793.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 754,053 shares of the technology company’s stock worth $85,268,000 after acquiring an additional 669,635 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Woodward, Inc.Common Stock during the 2nd quarter worth about $55,453,000. Nuveen Asset Management LLC acquired a new position in shares of Woodward, Inc.Common Stock during the 2nd quarter worth about $51,503,000. Finally, Morgan Stanley boosted its position in shares of Woodward, Inc.Common Stock by 349.0% during the 2nd quarter. Morgan Stanley now owns 410,813 shares of the technology company’s stock worth $46,487,000 after acquiring an additional 319,326 shares in the last quarter. 73.81% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. BidaskClub cut Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Barrington Research set a $119.00 price objective on Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research report on Monday, October 21st. Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Monday, August 26th. Finally, ValuEngine cut Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $106.75.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.162 per share. This represents a $0.65 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, November 15th. Woodward, Inc.Common Stock’s payout ratio is 16.88%.
In other Woodward, Inc.Common Stock news, CFO Robert F. Weber, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $108.32, for a total transaction of $1,083,200.00. Following the transaction, the chief financial officer now owns 36,553 shares in the company, valued at approximately $3,959,420.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 30,000 shares of company stock worth $3,209,000 in the last quarter. 4.61% of the stock is currently owned by insiders.
Woodward, Inc.Common Stock Profile
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
Featured Story: How to Invest in an Index Fund
Want to see what other hedge funds are holding WWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woodward, Inc.Common Stock (NASDAQ:WWD).
Receive News & Ratings for Woodward Inc.Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc.Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.