Palisade Asset Management 13FHR Quarterly holdings report by institutional manager | SEC 4 May 21

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Automatic Data Processing Inc	COM	053015103	12,216	64,815	SH		SOLE		48,337	0	16,478
Aflac Inc	COM	001055102	11,595	226,563	SH		SOLE		164,138	0	62,425
Baxter International Inc	COM	071813109	8,316	98,602	SH		SOLE		67,458	0	31,144
Becton Dickinson and Co	COM	075887109	9,274	38,141	SH		SOLE		26,674	0	11,467
Cisco Systems Inc	COM	17275R102	18,735	362,301	SH		SOLE		286,363	0	75,938
Chevron Corp	COM	166764100	8,625	82,311	SH		SOLE		57,186	0	25,125
General Dynamics Corp	COM	369550108	8,099	44,609	SH		SOLE		30,584	0	14,025
The Home Depot Inc	COM	437076102	22,694	74,347	SH		SOLE		57,778	0	16,569
Hormel Foods Corp	COM	440452100	10,586	221,549	SH		SOLE		164,159	0	57,390
International Business Machines Corp	COM	459200101	11,290	84,720	SH		SOLE		62,221	0	22,499
Johnson & Johnson	COM	478160104	15,709	95,582	SH		SOLE		75,579	0	20,003
JPMorgan Chase & Co	COM	46625H100	10,610	69,700	SH		SOLE		51,087	0	18,613
McDonald s Corp	COM	580135101	11,255	50,215	SH		SOLE		35,035	0	15,180
3M Co	COM	88579Y101	16,990	88,179	SH		SOLE		69,012	0	19,167
Microsoft Corp	COM	594918104	38,266	162,302	SH		SOLE		121,230	0	41,072
Sysco Corp	COM	871829107	9,851	125,106	SH		SOLE		89,451	0	35,655
UnitedHealth Group Inc	COM	91324P102	13,721	36,877	SH		SOLE		27,136	0	9,741
US Bancorp	COM	902973304	12,232	221,152	SH		SOLE		146,114	0	75,038
VISA INC	COM CL A	92826C839	6,675	31,525	SH		SOLE		27,195	0	4,330
Medtronic PLC	SHS	G5960L103	4,010	33,943	SH		SOLE		28,263	0	5,680
Procter & Gamble Co	COM	742718109	17,059	125,964	SH		SOLE		95,540	0	30,424
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	1,254	25,525	SH		SOLE		13,695	0	11,830
Apple Inc	COM	037833100	30,356	248,512	SH		SOLE		181,702	0	66,810
Abbott Laboratories	COM	002824100	24,307	202,825	SH		SOLE		155,835	0	46,990
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	6,703	24,265	SH		SOLE		18,877	0	5,388
BLACKROCK INC	COM	09247X101	6,662	8,836	SH		SOLE		7,336	0	1,500
Ball Corp	COM	058498106	11,713	138,228	SH		SOLE		93,794	0	44,434
Colgate-Palmolive Co	COM	194162103	7,035	89,240	SH		SOLE		59,615	0	29,625
L3HARRIS TECHNOLOGIES INC	COM	502431109	8,359	41,242	SH		SOLE		29,296	0	11,946
Oracle Corp	COM	68389X105	14,733	209,968	SH		SOLE		164,523	0	45,445
PepsiCo Inc	COM	713448108	12,477	88,207	SH		SOLE		66,482	0	21,725
Royal Bank of Canada	COM	780087102	9,329	101,172	SH		SOLE		73,619	0	27,553
Target Corp	COM	87612E106	27,753	140,119	SH		SOLE		111,681	0	28,438
Verizon Communications Inc	COM	92343V104	8,078	138,908	SH		SOLE		104,451	0	34,457
ISHARES TR	SELECT DIVID ETF	464287168	568	4,980	SH		SOLE		1,075	0	3,905
SPDR SERIES TRUST	S&P DIVID ETF	78464A763	1,352	11,455	SH		SOLE		9,981	0	1,474
AMCOR PLC	ORD	G0250X107	2,103	180,056	SH		SOLE		159,656	0	20,400
Ameriprise Financial Inc	COM	03076C106	930	3,999	SH		SOLE		1,699	0	2,300
Caterpillar Inc	COM	149123101	2,177	9,389	SH		SOLE		7,489	0	1,900
C.H. Robinson Worldwide Inc	COM	12541W209	4,450	46,627	SH		SOLE		40,589	0	6,038
CVS Health Corp	COM	126650100	549	7,292	SH		SOLE		5,625	0	1,667
Donaldson Co Inc	COM	257651109	7,627	131,144	SH		SOLE		113,109	0	18,035
Deere & Co	COM	244199105	15,440	41,267	SH		SOLE		28,597	0	12,670
Ecolab Inc	COM	278865100	7,598	35,495	SH		SOLE		31,901	0	3,594
Fastenal Co	COM	311900104	3,114	61,927	SH		SOLE		41,487	0	20,440
General Mills Inc	COM	370334104	5,327	86,867	SH		SOLE		68,742	0	18,125
Intel Corp	COM	458140100	9,848	153,875	SH		SOLE		135,476	0	18,399
Coca-Cola Co	COM	191216100	2,542	48,223	SH		SOLE		39,936	0	8,287
Leggett & Platt Inc	COM	524660107	2,965	64,953	SH		SOLE		57,513	0	7,440
Ross Stores Inc	COM	778296103	3,190	26,603	SH		SOLE		24,603	0	2,000
Southern Co	COM	842587107	2,981	47,964	SH		SOLE		25,633	0	22,331
Stryker Corp	COM	863667101	10,210	41,917	SH		SOLE		37,212	0	4,705
AT&T Inc	COM	00206R102	6,103	201,621	SH		SOLE		156,885	0	44,736
The Travelers Companies Inc	COM	89417E109	3,974	26,426	SH		SOLE		22,252	0	4,174
Xcel Energy Inc	COM	98389B100	6,472	97,306	SH		SOLE		71,950	0	25,356
Exxon Mobil Corp	COM	30231G102	6,250	111,948	SH		SOLE		75,167	0	36,781
Bristol-Myers Squibb Company	COM	110122108	1,056	16,734	SH		SOLE		12,409	0	4,325
Eli Lilly and Co	COM	532457108	4,481	23,983	SH		SOLE		23,883	0	100
ZIMMER BIOMET HLDGS INC	COM	98956P102	240	1,500	SH		SOLE		900	0	600
Amgen Inc	COM	031162100	17,114	68,783	SH		SOLE		51,511	0	17,272
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	10,647	137,793	SH		SOLE		101,709	0	36,084
SPDR S&P 500 ETF TR	TR UNIT	78462F103	20,002	50,468	SH		SOLE		38,570	0	11,898
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	456	5,385	SH		SOLE		4,224	0	1,161
ISHARES TR	CORE MSCI EAFE	46432F842	1,014	14,069	SH		SOLE		11,150	0	2,919
ISHARES INC	CORE MSCI EMKT	46434G103	403	6,255	SH		SOLE		4,629	0	1,626
ISHARES TR	S&P MC 400GR ETF	464287606	512	6,536	SH		SOLE		6,136	0	400
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	2,599	7,135	SH		SOLE		4,395	0	2,740
ISHARES TR	CORE S&P MCP ETF	464287507	1,050	4,036	SH		SOLE		2,636	0	1,400
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	7,527	15,811	SH		SOLE		13,683	0	2,128
ISHARES TR	RUSSELL 2000 ETF	464287655	8,767	39,680	SH		SOLE		31,642	0	8,038
Kimberly-Clark Corp	COM	494368103	4,821	34,674	SH		SOLE		30,089	0	4,585
TJX Companies Inc	COM	872540109	7,043	106,474	SH		SOLE		92,384	0	14,090
Wells Fargo & Co	COM	949746101	1,665	42,610	SH		SOLE		27,950	0	14,660
Williams Companies Inc	COM	969457100	318	13,427	SH		SOLE		0	0	13,427
Walgreen Boots Alliance Inc Com	COM	931427108	5,983	108,980	SH		SOLE		78,140	0	30,840
AbbVie Inc	COM	00287Y109	6,408	59,211	SH		SOLE		51,201	0	8,010
ConocoPhillips	COM	20825C104	720	13,590	SH		SOLE		9,715	0	3,875
Emerson Electric Co	COM	291011104	4,050	44,891	SH		SOLE		33,923	0	10,968
Genuine Parts Co	COM	372460105	3,631	31,410	SH		SOLE		27,880	0	3,530
Honeywell International Inc	COM	438516106	4,602	21,202	SH		SOLE		18,557	0	2,645
Phillips 66	COM	718546104	576	7,065	SH		SOLE		5,084	0	1,981
Wal-Mart Stores Inc	COM	931142103	2,989	22,002	SH		SOLE		15,702	0	6,300
Conagra Brands Inc	COM	205887102	1,297	34,500	SH		SOLE		30,000	0	4,500
Union Pacific Corp	COM	907818108	1,049	4,761	SH		SOLE		1,300	0	3,461
H.B. Fuller Co	COM	359694106	528	8,400	SH		SOLE		2,300	0	6,100
General Electric Co	COM	369604103	624	47,505	SH		SOLE		43,930	0	3,575
Merck & Co Inc	COM	58933Y105	1,572	20,397	SH		SOLE		16,587	0	3,810
Pentair PLC	SHS	G7S00T104	904	14,513	SH		SOLE		10,998	0	3,515
Royal Dutch Shell PLC	SPONS ADR A	780259206	244	6,221	SH		SOLE		5,121	0	1,100
ISHARES TR	CORE S&P SCP ETF	464287804	277	2,554	SH		SOLE		1,619	0	935
Clorox Co	COM	189054109	1,291	6,695	SH		SOLE		4,090	0	2,605
Pfizer Inc	COM	717081103	1,579	43,586	SH		SOLE		33,006	0	10,580
SMUCKER J M CO	COM NEW	832696405	399	3,150	SH		SOLE		2,950	0	200
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,237	23,773	SH		SOLE		17,723	0	6,050
FEDERATED HERMES INC	CL B	314211103	1,285	41,040	SH		SOLE		39,140	0	1,900
Johnson Controls International PLC	SHS	G51502105	1,190	19,948	SH		SOLE		16,989	0	2,959
AMAZON INC	COM	023135106	554	179	SH		SOLE		179	0	0
Dominion Resources Inc	COM	25746U109	2,617	34,455	SH		SOLE		21,885	0	12,570
FedEx Corp	COM	31428X106	1,173	4,128	SH		SOLE		3,028	0	1,100
ISHARES TR	MSCI EAFE ETF	464287465	2,111	27,823	SH		SOLE		23,177	0	4,646
ISHARES TR	GLOBAL 100 ETF	464287572	213	3,220	SH		SOLE		2,000	0	1,220
ISHARES TR	RUS 1000 VAL ETF	464287598	666	4,393	SH		SOLE		2,543	0	1,850
ISHARES TR	RUS 1000 GRW ETF	464287614	1,629	6,704	SH		SOLE		3,875	0	2,829
American Express Co	COM	025816109	1,249	8,832	SH		SOLE		5,832	0	3,000
Lowe s Companies Inc	COM	548661107	1,460	7,677	SH		SOLE		5,877	0	1,800
Archer-Daniels Midland Co	COM	039483102	2,119	37,173	SH		SOLE		33,773	0	3,400
Graco Inc	COM	384109104	5,027	70,185	SH		SOLE		58,960	0	11,225
Celanese Corp	COM	150870103	794	5,303	SH		SOLE		2,163	0	3,140
Walt Disney Co	COM	254687106	718	3,892	SH		SOLE		3,467	0	425
ISHARES TR	RUS 2000 VAL ETF	464287630	341	2,141	SH		SOLE		441	0	1,700
ISHARES TR	RUS 2000 GRW ETF	464287648	600	1,994	SH		SOLE		911	0	1,083
NextEra Energy Inc	COM	65339F101	688	9,104	SH		SOLE		8,548	0	556
Tractor Supply Co	COM	892356106	1,360	7,682	SH		SOLE		7,682	0	0
United Parcel Service Inc	CL B	911312106	3,414	20,084	SH		SOLE		18,471	0	1,613
Berkshire Hathaway Inc Del	CL B NEW	084670702	604	2,365	SH		SOLE		2,365	0	0
MDU Resources Group Inc	COM	552690109	1,169	36,990	SH		SOLE		26,690	0	10,300
Northern Trust Corp	COM	665859104	703	6,690	SH		SOLE		6,400	0	290
Bio- Techne Corp	COM	09073M104	5,566	14,574	SH		SOLE		13,411	0	1,163
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	577	3,924	SH		SOLE		3,924	0	0
Church & Dwight Co Inc	COM	171340102	671	7,685	SH		SOLE		5,635	0	2,050
PAYCHEX INC	COM	704326107	1,647	16,800	SH		SOLE		15,640	0	1,160
ISHARES TR	RUS MID CAP ETF	464287499	401	5,425	SH		SOLE		4,465	0	960
Boeing Co	COM	097023105	499	1,958	SH		SOLE		1,618	0	340
CenterPoint Energy Inc	COM	15189T107	2,144	94,648	SH		SOLE		90,293	0	4,355
Danaher Corp	COM	235851102	5,419	24,075	SH		SOLE		23,775	0	300
ISHARES TR	MSCI EMG MKT ETF	464287234	343	6,422	SH		SOLE		2,757	0	3,665
Illinois Tool Works Inc	COM	452308109	857	3,867	SH		SOLE		3,367	0	500
McCormick & Co Inc	COM NON VTG	579780206	3,212	36,030	SH		SOLE		31,512	0	4,518
Sherwin-Williams Co	COM	824348106	545	739	SH		SOLE		739	0	0
ISHARES TR	RUS 1000 ETF	464287622	750	3,350	SH		SOLE		3,350	0	0
ISHARES TR	TIPS BD ETF	464287176	1,725	13,749	SH		SOLE		3,025	0	10,724
ISHARES TR	MSCI EAFE GRW ETF	464288885	1,379	13,729	SH		SOLE		11,870	0	1,859
COMCAST CORP NEW	CL A	20030N101	447	8,266	SH		SOLE		5,166	0	3,100
Principal Finl Group Inc	COM	74251V102	435	7,250	SH		SOLE		5,550	0	1,700
ISHARES TR	CORE US AGGBD ET	464287226	661	5,803	SH		SOLE		4,620	0	1,183
Novartis Ag	SPONSORED ADR	66987V109	1,897	22,193	SH		SOLE		22,043	0	150
Omnicom Group Inc	COM	681919106	352	4,750	SH		SOLE		450	0	4,300
ALPHABET INC	CAP STK CL C	02079K107	513	248	SH		SOLE		218	0	30
ALPHABET INC	CAP STK CL A	02079K305	419	203	SH		SOLE		173	0	30
Parker Hannifin Corp	COM	701094104	511	1,620	SH		SOLE		1,620	0	0
Linde PLC	COM	G5494J103	909	3,245	SH		SOLE		3,245	0	0
ALCON INC	ORD SHS	H01301128	282	4,021	SH		SOLE		4,021	0	0
AMPHENOL CORP NEW	CL A	032095101	1,583	24,000	SH		SOLE		24,000	0	0
APTARGROUP INC	COM	038336103	298	2,100	SH		SOLE		2,100	0	0
FISERV INC	COM	337738108	1,899	15,952	SH		SOLE		15,952	0	0
Fortive Corp Com	COM	34959J108	316	4,475	SH		SOLE		4,475	0	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	1,861	1,610	SH		SOLE		1,610	0	0
STARBUCKS CORP	COM	855244109	1,093	10,001	SH		SOLE		10,001	0	0
ZEBRA TECHNOLOGIES CORP	CL A	989207105	2,952	6,085	SH		SOLE		6,085	0	0
ERICSSON	ADR B SEK 10	294821608	660	50,008	SH		SOLE		50,008	0	0
GLOBE LIFE INC	COM	37959E102	1,449	15,000	SH		SOLE		15,000	0	0
Morgan Stanley	COM	617446448	2,245	28,914	SH		SOLE		27,914	0	1,000
Nike Inc	CL B	654106103	5,310	39,959	SH		SOLE		39,959	0	0
Stanley Black & Decker Inc	COM	854502101	891	4,462	SH		SOLE		4,462	0	0
COSTCO WHSL CORP NEW	COM	22160K105	270	766	SH		SOLE		666	0	100
SELECT SECTOR SPDR TR	ENERGY	81369Y506	496	10,100	SH		SOLE		8,900	0	1,200
Charles Schwab Corp	COM	808513105	1,536	23,569	SH		SOLE		23,569	0	0
Hewlett Packard Enterprise Co	COM	42824C109	173	11,008	SH		SOLE		11,008	0	0
ISHARES TR	S&P US PFD STK	464288687	222	5,785	SH		SOLE		0	0	5,785
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	248	750	SH		SOLE		500	0	250
EDWARDS LIFESCIENCES CORP	COM	28176E108	521	6,230	SH		SOLE		3,140	0	3,090
Dte Energy Company	COM	233331107	399	3,000	SH		SOLE		3,000	0	0
ISHARES TR	S&P 500 GRWT ETF	464287309	348	5,352	SH		SOLE		0	0	5,352
ISHARES TR	EAFE SML CP ETF	464288273	203	2,824	SH		SOLE		0	0	2,824
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	1,612	16,170	SH		SOLE		16,170	0	0
Hubbell Incorporated B	COM	443510201	748	4,000	SH		SOLE		0	0	4,000
McKesson Corp	COM	58155Q103	644	3,300	SH		SOLE		0	0	3,300
ADOBE SYS INC	COM	00724F101	261	548	SH		SOLE		548	0	0
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	1,548	41,137	SH		SOLE		41,137	0	0
DEXCOM INC	COM	252131107	372	1,034	SH		SOLE		1,034	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	253	343	SH		SOLE		343	0	0
CABLE ONE INC	COM	12685J105	512	280	SH		SOLE		280	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	325	3,358	SH		SOLE		3,358	0	0

Palisade Asset Management 13F-HRQuarterly holdings report by institutional manager