Powell Industries, Inc. (NASDAQ:POWL) Position Cut by Engine NO. 1 LLC

Engine NO. 1 LLC reduced its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,300 shares of the industrial products company's stock after selling 10,200 shares during the period. Powell Industries comprises about 29.1% of Engine NO. 1 LLC's holdings, making the stock its largest holding. Engine NO. 1 LLC owned about 0.41% of Powell Industries worth $10,927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of POWL. Vanguard Group Inc. increased its stake in Powell Industries by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company's stock worth $152,508,000 after buying an additional 24,997 shares during the period. American Century Companies Inc. increased its position in shares of Powell Industries by 8.3% during the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock worth $77,965,000 after acquiring an additional 27,029 shares during the period. Invesco Ltd. raised its stake in shares of Powell Industries by 134.0% in the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock valued at $58,768,000 after acquiring an additional 151,850 shares in the last quarter. First Trust Advisors LP boosted its holdings in Powell Industries by 24.1% in the fourth quarter. First Trust Advisors LP now owns 122,825 shares of the industrial products company's stock valued at $27,224,000 after purchasing an additional 23,839 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Powell Industries during the 4th quarter worth $22,556,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Powell Industries Trading Up 4.1 %

Shares of NASDAQ:POWL opened at $165.85 on Wednesday. Powell Industries, Inc. has a 52 week low of $127.01 and a 52 week high of $364.98. The company's 50 day moving average is $175.05 and its two-hundred day moving average is $231.02. The company has a market cap of $2.00 billion, a PE ratio of 12.59, a P/E/G ratio of 0.98 and a beta of 0.67.

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

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was 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 8.12%.

Analysts Set New Price Targets

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

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.

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