0001434323-23-000001.txt : 20230207 0001434323-23-000001.hdr.sgml : 20230207 20230206185142 ACCESSION NUMBER: 0001434323-23-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230207 DATE AS OF CHANGE: 20230206 EFFECTIVENESS DATE: 20230207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Palisade Asset Management, LLC CENTRAL INDEX KEY: 0001434323 IRS NUMBER: 270125285 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13058 FILM NUMBER: 23592110 BUSINESS ADDRESS: STREET 1: 100 SOUTH FIFTH STREET, SUITE 420 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 612-455-2900 MAIL ADDRESS: STREET 1: 100 SOUTH FIFTH STREET, SUITE 420 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001434323 XXXXXXXX 12-31-2022 12-31-2022 Palisade Asset Management, LLC
100 SOUTH FIFTH STREET, SUITE 420 MINNEAPOLIS MN 55402
13F HOLDINGS REPORT 028-13058 N
Jennifer McCord Chief Compliance Officer 6124552900 Jennifer McCord Minneapolis MN 02-06-2023 0 185 873185128 false
INFORMATION TABLE 2 pam123122form13ffiling.xml Apple Inc COM 037833100 33001408 253994 SH SOLE 197801 0 56193 ABBOTT LABS COM 002824100 24099893 219509 SH SOLE 163860 0 55649 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 8690445 32568 SH SOLE 24315 0 8253 AUTOMATIC DATA PROCESSING IN COM 053015103 15755444 65961 SH SOLE 52936 0 13025 Amgen Inc COM 031162100 19572721 74523 SH SOLE 59243 0 15280 AMERICAN TOWER CORP NEW COM 03027X100 6642023 31351 SH SOLE 22701 0 8650 BALL CORP COM 058498106 7849069 153482 SH SOLE 110642 0 42840 BAXTER INTL INC COM 071813109 6699089 131432 SH SOLE 91319 0 40113 BECTON DICKINSON & CO COM 075887109 10872597 42755 SH SOLE 31215 0 11540 BLACKROCK INC COM 09247X101 9258960 13066 SH SOLE 10226 0 2840 COLGATE PALMOLIVE CO COM 194162103 8666979 110001 SH SOLE 77721 0 32280 CISCO SYS INC COM 17275R102 17647095 370426 SH SOLE 305450 0 64976 CHEVRON CORP NEW COM 166764100 15964020 88941 SH SOLE 65536 0 23405 Deere & Co COM 244199105 17287603 40320 SH SOLE 28915 0 11405 Ecolab Inc COM 278865100 10353392 71128 SH SOLE 58297 0 12831 General Dynamics Corp COM 369550108 10684361 43063 SH SOLE 30733 0 12330 HOME DEPOT INC COM 437076102 23631698 74817 SH SOLE 59828 0 14989 Hormel Foods Corp COM 440452100 10653371 233883 SH SOLE 178413 0 55470 INTERNATIONAL BUSINESS MACHS COM 459200101 14450530 102566 SH SOLE 78054 0 24512 Johnson & Johnson COM 478160104 18600362 105295 SH SOLE 80567 0 24728 JPMorgan Chase & Co COM 46625H100 11207944 83579 SH SOLE 63602 0 19977 L3HARRIS TECHNOLOGIES INC COM 502431109 8387740 40285 SH SOLE 28756 0 11529 MCDONALDS CORP COM 580135101 13106532 49734 SH SOLE 36748 0 12986 3M Co COM 88579Y101 11448283 95466 SH SOLE 78961 0 16505 Microsoft Corp COM 594918104 37811460 157666 SH SOLE 126222 0 31444 Oracle Corp COM 68389X105 17454433 213536 SH SOLE 172568 0 40968 PROCTER AND GAMBLE CO COM 742718109 18983799 125256 SH SOLE 98497 0 26759 ROYAL BK CDA COM 780087102 9309390 99015 SH SOLE 72009 0 27006 Sysco Corp COM 871829107 9558314 125027 SH SOLE 93092 0 31935 Target Corp COM 87612E106 23220283 155799 SH SOLE 114282 0 41517 UnitedHealth Group Inc COM 91324P102 29470585 55586 SH SOLE 49440 0 6146 US BANCORP DEL COM 902973304 9892056 226830 SH SOLE 167040 0 59790 VISA INC COM CL A 92826C839 9974350 48009 SH SOLE 38554 0 9455 Medtronic PLC SHS G5960L103 2885125 37122 SH SOLE 34122 0 3000 VANGUARD TAX-MANAGED FDS FTSE DEV MKT ETF 921943858 1038506 24744 SH SOLE 15074 0 9670 PepsiCo Inc COM 713448108 16072959 88968 SH SOLE 67271 0 21697 ISHARES TR SELECT DIVID ETF 464287168 588528 4880 SH SOLE 1075 0 3805 SPDR SER TR S&P DIVID ETF 78464A763 1359320 10865 SH SOLE 9491 0 1374 AMCOR PLC ORD G0250X107 2379642 199802 SH SOLE 179402 0 20400 AMERIPRISE FINL INC COM 03076C106 1154871 3709 SH SOLE 1609 0 2100 Caterpillar Inc COM 149123101 2333314 9740 SH SOLE 7840 0 1900 C H ROBINSON WORLDWIDE INC COM 12541W209 4334450 47340 SH SOLE 43044 0 4296 CVS Health Corp COM 126650100 790997 8488 SH SOLE 6491 0 1997 DONALDSON INC COM 257651109 6453153 109617 SH SOLE 97242 0 12375 Fastenal Co COM 311900104 2943541 62205 SH SOLE 43885 0 18320 GENERAL MLS INC COM 370334104 8451745 100796 SH SOLE 87336 0 13460 Intel Corp COM 458140100 4612696 174525 SH SOLE 162051 0 12474 COCA COLA CO COM 191216100 2968991 46675 SH SOLE 41750 0 4925 Leggett & Platt Inc COM 524660107 2301383 71405 SH SOLE 65545 0 5860 Ross Stores Inc COM 778296103 2982883 25699 SH SOLE 23699 0 2000 Southern Co COM 842587107 3402615 47649 SH SOLE 25613 0 22036 STRYKER CORPORATION COM 863667101 10518693 43023 SH SOLE 40953 0 2070 TRAVELERS COMPANIES INC COM 89417E109 5165724 27552 SH SOLE 25852 0 1700 Xcel Energy Inc COM 98389B100 7000904 99856 SH SOLE 75244 0 24612 BRISTOL-MYERS SQUIBB CO COM 110122108 1508432 20965 SH SOLE 18015 0 2950 LILLY ELI & CO COM 532457108 8298349 22683 SH SOLE 22683 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 18772911 49088 SH SOLE 41620 0 7469 VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835 266957 3716 SH SOLE 2617 0 1099 ISHARES TR CORE MSCI EAFE 46432F842 2385037 38693 SH SOLE 35779 0 2914 ISHARES INC CORE MSCI EMKT 46434G103 690973 14796 SH SOLE 10145 0 4651 ISHARES TR S&P MC 400GR ETF 464287606 468060 6853 SH SOLE 6583 0 270 VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 2197983 6256 SH SOLE 3679 0 2577 ISHARES TR CORE S&P MCP ETF 464287507 2195877 9078 SH SOLE 7669 0 1409 Aflac Inc COM 001055102 8063683 112089 SH SOLE 86619 0 25470 SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 6734393 15209 SH SOLE 14210 0 999 RAYTHEON TECHNOLOGIES CORP COM 75513E101 7850466 77789 SH SOLE 59914 0 17875 ISHARES TR RUSSELL 2000 ETF 464287655 6813466 39077 SH SOLE 35038 0 4039 ISHARES TR CORE S&P SCP ETF 464287804 2047915 21639 SH SOLE 20554 0 1085 Kimberly-Clark Corp COM 494368103 5246330 38647 SH SOLE 35512 0 3135 TJX COS INC NEW COM 872540109 9593631 120523 SH SOLE 108083 0 12440 WELLS FARGO CO NEW COM 949746101 792562 19195 SH SOLE 16965 0 2230 AT&T Inc COM 00206R102 3448285 187305 SH SOLE 150894 0 36411 Verizon Communications Inc COM 92343V104 6088191 154523 SH SOLE 118444 0 36079 WILLIAMS COS INC COM 969457100 468200 14231 SH SOLE 804 0 13427 Exxon Mobil Corp COM 30231G102 6677998 60544 SH SOLE 41026 0 19518 AbbVie Inc COM 00287Y109 11930858 73825 SH SOLE 53123 0 20702 EMERSON ELEC CO COM 291011104 3768338 39229 SH SOLE 33219 0 6010 Genuine Parts Co COM 372460105 5356254 30870 SH SOLE 27890 0 2980 HONEYWELL INTL INC COM 438516106 4500514 21001 SH SOLE 19356 0 1645 Phillips 66 COM 718546104 623647 5992 SH SOLE 5280 0 712 SCHWAB CHARLES CORP COM 808513105 2148108 25800 SH SOLE 25510 0 290 WALMART INC COM 931142103 3141216 22154 SH SOLE 17904 0 4250 APA CORPORATION COM 03743Q108 1550803 33222 SH SOLE 140 0 33082 Conagra Brands Inc COM 205887102 1335537 34510 SH SOLE 30010 0 4500 UNION PAC CORP COM 907818108 1045704 5050 SH SOLE 2159 0 2891 SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 1679053 21615 SH SOLE 16890 0 4725 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 971793 28415 SH SOLE 21650 0 6765 SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 952146 9695 SH SOLE 7990 0 1705 SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 1785750 48355 SH SOLE 38220 0 10135 FULLER H B CO COM 359694106 537150 7500 SH SOLE 2000 0 5500 Merck & Co Inc COM 58933Y105 2948163 26572 SH SOLE 22262 0 4310 NVENT ELECTRIC PLC SHS G6700G107 4079166 106035 SH SOLE 5120 0 100915 Pfizer Inc COM 717081103 2496157 48715 SH SOLE 39385 0 9330 Pentair PLC SHS G7S00T104 5085664 113065 SH SOLE 10750 0 102315 WALGREENS BOOTS ALLIANCE INC COM 931427108 3527344 94415 SH SOLE 67445 0 26970 SELECT SECTOR SPDR TR ENERGY 81369Y506 1150231 13150 SH SOLE 9750 0 3400 CLOROX CO DEL COM 189054109 1375936 9805 SH SOLE 7230 0 2575 FedEx Corp COM 31428X106 1649557 9524 SH SOLE 8474 0 1050 SMUCKER J M CO COM NEW 832696405 732085 4620 SH SOLE 4420 0 200 TYSON FOODS INC CL A 902494103 722474 11606 SH SOLE 11606 0 0 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 817956 20984 SH SOLE 17513 0 3471 ConocoPhillips COM 20825C104 1442078 12221 SH SOLE 10596 0 1625 FEDERATED HERMES INC CL B 314211103 1490162 41040 SH SOLE 39140 0 1900 JOHNSON CTLS INTL PLC SHS G51502105 1229632 19213 SH SOLE 16838 0 2375 Tractor Supply Co COM 892356106 1982886 8814 SH SOLE 8654 0 160 AMAZON COM INC COM 023135106 446796 5319 SH SOLE 4919 0 400 DOMINION ENERGY INC COM 25746U109 1919377 31301 SH SOLE 19381 0 11920 ISHARES TR MSCI EAFE ETF 464287465 1558556 23744 SH SOLE 20599 0 3145 ISHARES TR GLOBAL 100 ETF 464287572 206241 3220 SH SOLE 2000 0 1220 ISHARES TR RUS 1000 VAL ETF 464287598 675146 4452 SH SOLE 2602 0 1850 ISHARES TR RUS 1000 GRW ETF 464287614 1441869 6730 SH SOLE 3966 0 2764 Stanley Black & Decker Inc COM 854502101 364032 4846 SH SOLE 4846 0 0 American Express Co COM 025816109 1259273 8523 SH SOLE 6123 0 2400 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 423173 3115 SH SOLE 2945 0 170 LOWES COS INC COM 548661107 1468399 7370 SH SOLE 6270 0 1100 ARCHER DANIELS MIDLAND CO COM 039483102 2962658 31908 SH SOLE 29508 0 2400 Graco Inc COM 384109104 4427255 65823 SH SOLE 61813 0 4010 CELANESE CORP DEL COM 150870103 541668 5298 SH SOLE 2458 0 2840 DISNEY WALT CO COM 254687106 371473 4276 SH SOLE 3851 0 425 ISHARES TR RUS 2000 VAL ETF 464287630 296476 2138 SH SOLE 438 0 1700 ISHARES TR RUS 2000 GRW ETF 464287648 423263 1973 SH SOLE 910 0 1063 NextEra Energy Inc COM 65339F101 1222734 14626 SH SOLE 14626 0 0 United Parcel Service Inc CL B 911312106 3480798 20023 SH SOLE 18523 0 1500 Berkshire Hathaway Inc Del CL B NEW 084670702 730549 2365 SH SOLE 2365 0 0 MDU RES GROUP INC COM 552690109 797578 26288 SH SOLE 20588 0 5700 NORTHERN TR CORP COM 665859104 530498 5995 SH SOLE 5995 0 0 SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 240294 1931 SH SOLE 1931 0 0 BIO-TECHNE CORP COM 09073M104 4631003 55876 SH SOLE 54361 0 1515 ASSOCIATED BANC CORP COM 045487105 25789475 1116911 SH SOLE 1116111 0 800 VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844 637770 4200 SH SOLE 4200 0 0 Church & Dwight Co Inc COM 171340102 639640 7935 SH SOLE 6085 0 1850 FACTSET RESH SYS INC COM 303075105 421271 1050 SH SOLE 465 0 585 ALPHABET INC CAP STK CL A 02079K305 645314 7314 SH SOLE 6714 0 600 KLA CORP COM NEW 482480100 1123549 2980 SH SOLE 2015 0 965 Nike Inc CL B 654106103 4728608 40412 SH SOLE 40412 0 0 PAYCHEX INC COM 704326107 1831626 15850 SH SOLE 14690 0 1160 PAYPAL HLDGS INC COM 70450Y103 353679 4966 SH SOLE 4966 0 0 ISHARES TR RUS MID CAP ETF 464287499 364095 5398 SH SOLE 4438 0 960 Boeing Co COM 097023105 276972 1454 SH SOLE 1264 0 190 CenterPoint Energy Inc COM 15189T107 2598514 86646 SH SOLE 83491 0 3155 DANAHER CORPORATION COM 235851102 6599403 24864 SH SOLE 24564 0 300 General Electric Co COM NEW 369604301 294689 3517 SH SOLE 3505 0 12 ILLINOIS TOOL WKS INC COM 452308109 851900 3867 SH SOLE 3367 0 500 McCormick & Co Inc COM NON VTG 579780206 3318667 40037 SH SOLE 36329 0 3708 SHERWIN WILLIAMS CO COM 824348106 466828 1967 SH SOLE 1967 0 0 ISHARES TR TIPS BD ETF 464287176 1170095 10993 SH SOLE 4691 0 6302 ISHARES TR EAFE GRWTH ETF 464288885 1136372 13567 SH SOLE 12820 0 747 COMCAST CORP NEW CL A 20030N101 281115 8039 SH SOLE 6039 0 2000 PRINCIPAL FINANCIAL GROUP IN COM 74251V102 594154 7080 SH SOLE 6080 0 1000 ISHARES TR CORE US AGGBD ET 464287226 571756 5895 SH SOLE 3740 0 2155 Novartis Ag SPONSORED ADR 66987V109 2004368 22094 SH SOLE 21944 0 150 TEXAS INSTRS INC COM 882508104 382484 2315 SH SOLE 1835 0 480 ALPHABET INC CAP STK CL C 02079K107 691207 7790 SH SOLE 7190 0 600 PROSHARES TR S&P 500 DV ARIST 74348A467 638929 7100 SH SOLE 7100 0 0 ISHARES TR RUS 1000 ETF 464287622 354937 1686 SH SOLE 1686 0 0 PARKER-HANNIFIN CORP COM 701094104 458325 1575 SH SOLE 1575 0 0 Linde PLC SHS G5494J103 1065956 3268 SH SOLE 3268 0 0 AMPHENOL CORP NEW CL A 032095101 1690308 22200 SH SOLE 22200 0 0 APTARGROUP INC COM 038336103 230958 2100 SH SOLE 2100 0 0 FISERV INC COM 337738108 1554659 15382 SH SOLE 15382 0 0 FORTIVE CORP COM 34959J108 244150 3800 SH SOLE 3800 0 0 INGERSOLL RAND INC COM 45687V106 211090 4040 SH SOLE 4040 0 0 METTLER TOLEDO INTERNATIONAL COM 592688105 2095903 1450 SH SOLE 1450 0 0 STARBUCKS CORP COM 855244109 1059158 10677 SH SOLE 10677 0 0 ZEBRA TECHNOLOGIES CORPORATI CL A 989207105 1508973 5885 SH SOLE 5885 0 0 GLOBE LIFE INC COM 37959E102 1808250 15000 SH SOLE 15000 0 0 Morgan Stanley COM NEW 617446448 2517952 29616 SH SOLE 29616 0 0 COSTCO WHSL CORP NEW COM 22160K105 380265 833 SH SOLE 733 0 100 VANGUARD INDEX FDS TOTAL STK MKT 922908769 544892 2850 SH SOLE 250 0 2600 McKesson Corp COM 58155Q103 1237896 3300 SH SOLE 0 0 3300 HUBBELL INC COM 443510607 938720 4000 SH SOLE 0 0 4000 Omnicom Group Inc COM 681919106 289574 3550 SH SOLE 200 0 3350 HEWLETT PACKARD ENTERPRISE C COM 42824C109 175688 11008 SH SOLE 11008 0 0 NOVO-NORDISK A S ADR 670100205 212213 1568 SH SOLE 973 0 595 ISHARES TR 7-10 YR TRSY BD 464287440 215505 2250 SH SOLE 0 0 2250 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 248498 750 SH SOLE 500 0 250 EDWARDS LIFESCIENCES CORP COM 28176E108 464820 6230 SH SOLE 3980 0 2250 ISHARES TR S&P 500 GRWT ETF 464287309 313108 5352 SH SOLE 0 0 5352 NVIDIA CORPORATION COM 67066G104 289357 1980 SH SOLE 1980 0 0 INTUITIVE SURGICAL INC COM NEW 46120E602 267738 1009 SH SOLE 1009 0 0 CABLE ONE INC COM 12685J105 235626 331 SH SOLE 331 0 0 MARATHON PETE CORP COM 56585A102 290975 2500 SH SOLE 2500 0 0 SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 219253 6807 SH SOLE 6807 0 0 DTE ENERGY CO COM 233331107 352590 3000 SH SOLE 3000 0 0 ISHARES TR S&P 100 ETF 464287101 263872 1547 SH SOLE 1547 0 0