Janney Montgomery Scott LLC Purchases New Position in Powell Industries, Inc. (NASDAQ:POWL)

Janney Montgomery Scott LLC purchased a new position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,796 shares of the industrial products company's stock, valued at approximately $842,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in POWL. Wellington Management Group LLP acquired a new stake in shares of Powell Industries during the 3rd quarter worth about $30,038,000. Victory Capital Management Inc. increased its holdings in shares of Powell Industries by 1,119.3% during the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company's stock worth $21,886,000 after buying an additional 90,504 shares in the last quarter. Stephens Investment Management Group LLC bought a new position in shares of Powell Industries in the third quarter valued at approximately $13,606,000. Sanctuary Advisors LLC acquired a new position in shares of Powell Industries in the 3rd quarter worth approximately $12,176,000. Finally, Rockefeller Capital Management L.P. bought a new stake in Powell Industries during the 3rd quarter worth approximately $10,760,000. Institutional investors own 89.77% of the company's stock.

Powell Industries Stock Down 3.9 %

NASDAQ:POWL traded down $8.94 during trading hours on Monday, hitting $219.89. 625,233 shares of the stock were exchanged, compared to its average volume of 515,647. The company has a market capitalization of $2.65 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. The company's 50 day moving average is $247.91 and its two-hundred day moving average is $231.78. Powell Industries, Inc. has a twelve month low of $122.00 and a twelve month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 36.66% and a net margin of 15.15%. On average, equities research analysts expect that Powell Industries, Inc. will post 13.7 EPS for the current year.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's dividend payout ratio (DPR) is 8.05%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Roth Mkm initiated coverage on Powell Industries in a research report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price objective for the company. StockNews.com raised Powell Industries from a "hold" rating to a "buy" rating in a report on Friday. Finally, Roth Capital raised shares of Powell Industries to a "strong-buy" rating in a report on Tuesday, December 10th.

Powell Industries 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.