Robeco Institutional Asset Management B.V. purchased a new stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,009 shares of the industrial products company's stock, valued at approximately $446,000.
Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Powell Industries by 38.2% during the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company's stock worth $41,000 after purchasing an additional 79 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 105 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Powell Industries in the second quarter valued at about $47,000. Quarry LP acquired a new stake in Powell Industries in the 2nd quarter worth about $48,000. Finally, Plato Investment Management Ltd bought a new stake in Powell Industries in the 1st quarter valued at about $50,000. Institutional investors own 89.77% of the company's stock.
Powell Industries Stock Up 1.7 %
Shares of NASDAQ:POWL traded up $6.00 during trading on Monday, reaching $352.37. 317,426 shares of the company traded hands, compared to its average volume of 369,190. The firm has a market capitalization of $4.22 billion, a PE ratio of 32.40, a PEG ratio of 1.99 and a beta of 0.86. Powell Industries, Inc. has a 52 week low of $75.05 and a 52 week high of $364.98. The company's 50 day moving average is $231.55 and its two-hundred day moving average is $185.68.
Powell Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.265 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a yield of 0.30%. Powell Industries's payout ratio is 9.92%.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Powell Industries from a "buy" rating to a "hold" rating in a research report on Thursday.
Read Our Latest Stock Report on POWL
Insider Buying and Selling at Powell Industries
In other Powell Industries news, major shareholder Thomas W. Powell sold 2,451 shares of the company's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $262.10, for a total transaction of $642,407.10. Following the completion of the sale, the insider now directly owns 1,628,328 shares in the company, valued at $426,784,768.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Powell Industries news, Director James W. Mcgill sold 6,600 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $185.84, for a total value of $1,226,544.00. Following the sale, the director now owns 9,660 shares in the company, valued at $1,795,214.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Thomas W. Powell sold 2,451 shares of the company's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $262.10, for a total transaction of $642,407.10. Following the transaction, the insider now owns 1,628,328 shares of the company's stock, valued at $426,784,768.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,600 shares of company stock valued at $14,167,686 in the last ninety days. 2.20% of the stock is currently owned by company insiders.
Powell Industries Profile
(
Free Report)
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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