Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,049 shares of the industrial products company's stock after buying an additional 9,692 shares during the quarter. Geode Capital Management LLC owned 2.14% of Powell Industries worth $57,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Covestor Ltd boosted its holdings in Powell Industries by 21.8% in the 3rd quarter. Covestor Ltd now owns 229 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 41 shares during the last quarter. Chartwell Investment Partners LLC lifted its holdings in Powell Industries by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company's stock worth $1,712,000 after buying an additional 60 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Powell Industries by 110.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after buying an additional 105 shares during the period. Diversified Trust Co boosted its holdings in Powell Industries by 7.1% in the third quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company's stock valued at $385,000 after purchasing an additional 115 shares during the period. Finally, KBC Group NV increased its holdings in Powell Industries by 64.3% during the 3rd quarter. KBC Group NV now owns 322 shares of the industrial products company's stock worth $71,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 89.77% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Thomas W. Powell sold 10,000 shares of Powell Industries stock in a transaction on Monday, October 7th. The stock was sold at an average price of $246.14, for a total transaction of $2,461,400.00. Following the completion of the transaction, the insider now owns 1,658,328 shares of the company's stock, valued at $408,180,853.92. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 60,000 shares of company stock valued at $14,679,842 over the last quarter. Company insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on POWL. Roth Capital raised Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th. Roth Mkm began coverage on Powell Industries in a report on Wednesday, December 11th. They set a "buy" rating and a $312.00 price target for the company. Finally, StockNews.com downgraded Powell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th.

Powell Industries Stock Down 4.7 %

POWL traded down $11.62 on Monday, hitting $234.18. 409,131 shares of the company traded hands, compared to its average volume of 389,679. Powell Industries, Inc. has a 12-month low of $76.29 and a 12-month high of $364.98. The company has a 50 day moving average of $276.96 and a 200-day moving average of $207.94. The stock has a market capitalization of $2.81 billion, a PE ratio of 19.05, a PEG ratio of 1.31 and a beta of 0.85.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th were paid a $0.265 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.45%. Powell Industries's dividend payout ratio (DPR) is presently 8.62%.

Powell Industries Company Profile

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.