Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 47,368.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,659 shares of the industrial products company's stock after purchasing an additional 62,527 shares during the period. Federated Hermes Inc. owned about 0.52% of Powell Industries worth $13,888,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in POWL. Wellington Management Group LLP bought a new position in Powell Industries in the third quarter worth approximately $30,038,000. Raymond James Financial Inc. purchased a new stake in shares of Powell Industries in the fourth quarter worth $22,556,000. WCM Investment Management LLC purchased a new position in shares of Powell Industries during the 4th quarter valued at $14,261,000. Sanctuary Advisors LLC purchased a new stake in Powell Industries in the 3rd quarter worth $12,176,000. Finally, Cibc World Market Inc. raised its holdings in Powell Industries by 438.8% during the fourth quarter. Cibc World Market Inc. now owns 60,746 shares of the industrial products company's stock valued at $13,464,000 after acquiring an additional 49,471 shares during the period. 89.77% of the stock is currently owned by institutional investors.

Powell Industries Price Performance

Shares of NASDAQ POWL traded up $2.79 during midday trading on Tuesday, reaching $174.76. 74,019 shares of the stock traded hands, compared to its average volume of 432,756. Powell Industries, Inc. has a one year low of $122.00 and a one year high of $364.98. The stock has a market capitalization of $2.11 billion, a PE ratio of 13.27, a P/E/G ratio of 0.98 and a beta of 0.67. The company's 50 day moving average is $181.60 and its 200 day moving average is $233.73.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.61%. This is a boost from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 19th. Powell Industries's dividend payout ratio is currently 8.12%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a research report 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.