Cooke & Bieler 13F: Cuts Woodward (WWD) Stake by $25M

Cooke & Bieler lowered its stake in Woodward, Inc. WWD by 23.8% during the period, according to a Form 13F filing with the SEC filed on October 21, 2026. The institutional investor sold 75,489 shares, ending the period with 241,568 shares of the aerospace and industrial parts maker worth about $79.4 million.

WWD Woodward, Inc.

$304.85 ▼ -1.68% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Cooke & Bieler's Woodward Position

The fund held 317,057 shares prior to the adjustment. The reduction brought the total remaining value of the stake down to $79,376,829 based on values reported in the filing. Woodward shares closed at $325.15 on the filing date.

Other Institutional Activity in Woodward

Other large funds also made adjustments to their positions in the aerospace supplier. Eagle Capital Management grew its holdings by -1848057.0 shares, ending with 2464338.0 shares worth about $956680633.92. Newport Trust Company, LLC trimmed its stake by 102,971 shares to hold 1,904,267 shares valued at $580,515,806. Artisan Partners Limited Partnership reduced its holdings by 40,870 shares, finishing with 1,368,457 shares worth about $417,174,124.

Woodward, Inc. Stock Down 6.2%

Woodward recently traded around $304.85 as of October 23, 2026, sitting below its event-day close.

Recent Earnings

Woodward designs and builds control solutions for aerospace and industrial markets worldwide. The company reported $4.19 billion in trailing twelve month revenue and $8.99 in earnings per share. Profit margins stood at 13.2% alongside a return on equity of 22.3%. The business is scheduled to release its next financial results on November 23, 2026.

Dividend

Woodward pays an annual dividend rate of $1.28 per share, which translates to a dividend yield of 0.42%. The payout ratio sits at 13.4%.

Insider Buying and Selling at Woodward, Inc.

Company insiders executed several transactions prior to the filing. General Counsel Karrie M. Bem sold 185 shares on May 18, 2026, at an average price of $352.48 for a total of $65,209, and another 185 shares on May 20, 2026, at $355.00 worth $65,675. Director Daniel G. Korte disposed of 14,700 shares on June 4, 2026, valued at $5,233,910. Officer Shawn M. McLevige sold 2,150 shares on July 31, 2026, at $356.82 for roughly $767,163.

Analysts Set New Price Targets

Wall Street firms maintain a generally positive outlook on the stock. On August 4, 2026, Truist Securities maintained a buy rating while raising its price target to $420.00. Guggenheim initiated coverage with a buy rating and a $404.00 price target on September 15, 2026. Wells Fargo maintained an overweight rating on September 30, 2026, adjusting its target to $430.00. Jefferies maintained a buy rating on October 2, 2026, with a target of $420.00, and TD Cowen maintained a hold rating on October 9, 2026, with a target of $380.00. The stock carries a consensus buy recommendation from 12 analysts.

About Woodward, Inc.

Headquartered in Fort Collins, Colorado, Woodward operates through its Aerospace and Industrial segments to manufacture fuel pumps, actuators, valves, and control systems for turbine engines and aircraft. The company employs roughly 10,200 people worldwide.

Bottom Line

Investors will look to Woodward's upcoming earnings report on November 23, 2026, for further updates on segment growth and operational margins. Institutional ownership shifts continue to draw attention as the stock navigates recent market movements.