8,408 Shares in Powell Industries, Inc. (NASDAQ:POWL) Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,408 shares of the industrial products company's stock, valued at approximately $1,864,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.07% of Powell Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in Powell Industries by 3.1% in the fourth quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company's stock worth $631,000 after acquiring an additional 85 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Powell Industries by 10.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company's stock valued at $217,000 after buying an additional 90 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in Powell Industries by 100.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock worth $44,000 after buying an additional 100 shares during the period. Swiss National Bank raised its position in Powell Industries by 0.5% during the 4th quarter. Swiss National Bank now owns 18,800 shares of the industrial products company's stock worth $4,167,000 after buying an additional 100 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Powell Industries by 6.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,708 shares of the industrial products company's stock valued at $379,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 89.77% of the company's stock.

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Powell Industries Stock Up 1.1 %

Shares of Powell Industries stock traded up $1.82 on Monday, reaching $166.27. The company's stock had a trading volume of 244,195 shares, compared to its average volume of 428,512. The stock has a 50-day moving average price of $192.23 and a 200-day moving average price of $236.08. The company has a market capitalization of $2.01 billion, a P/E ratio of 12.66, a PEG ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a 52-week low of $122.00 and a 52-week high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Sell-side analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were issued a $0.2675 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.64%. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's dividend payout ratio (DPR) is presently 8.12%.

Wall Street Analysts Forecast Growth

POWL has been the subject of several recent research reports. StockNews.com raised shares of Powell Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th. Roth Mkm initiated coverage on Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price objective for the company. Finally, Roth Capital raised Powell Industries to a "strong-buy" rating in a report on Tuesday, December 10th.

About Powell Industries

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.