Powell Industries, Inc. (NASDAQ:POWL) Shares Purchased by Invesco Ltd.

Invesco Ltd. grew its position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 134.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,139 shares of the industrial products company's stock after buying an additional 151,850 shares during the period. Invesco Ltd. owned 2.20% of Powell Industries worth $58,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. purchased a new position in Powell Industries in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its holdings in Powell Industries by 455.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock valued at $37,000 after buying an additional 132 shares during the period. Blue Trust Inc. acquired a new position in Powell Industries in the fourth quarter valued at about $40,000. Tucker Asset Management LLC purchased a new position in Powell Industries during the fourth quarter worth about $43,000. Finally, Prestige Wealth Management Group LLC raised its stake in shares of 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 valued at $44,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 89.77% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th.

Powell Industries Trading Up 0.2 %

POWL stock traded up $0.29 on Friday, hitting $167.24. The company's stock had a trading volume of 206,682 shares, compared to its average volume of 435,393. Powell Industries, Inc. has a 1 year low of $126.80 and a 1 year high of $364.98. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.98 and a beta of 0.67. The firm has a 50 day moving average of $177.01 and a two-hundred day moving average of $232.06.

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

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were given 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 an increase from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's dividend payout ratio (DPR) is presently 8.12%.

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.