Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 57.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,360 shares of the industrial products company's stock after purchasing an additional 27,887 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.63% of Powell Industries worth $16,925,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in POWL. Principal Securities Inc. bought a new position in shares of Powell Industries during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its holdings in Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after buying an additional 132 shares during the last quarter. Blue Trust Inc. bought a new position in Powell Industries during the 4th quarter worth approximately $40,000. Tucker Asset Management LLC acquired a new position in shares of Powell Industries in the 4th quarter worth approximately $43,000. Finally, Prestige Wealth Management Group LLC increased its holdings 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 last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Price Performance

Shares of NASDAQ POWL traded up $0.29 during mid-day trading on Friday, hitting $167.24. The company had a trading volume of 206,682 shares, compared to its average volume of 435,393. Powell Industries, Inc. has a 12 month low of $126.80 and a 12 month high of $364.98. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.98 and a beta of 0.67. The firm's 50 day simple moving average is $177.01 and its two-hundred day simple moving average is $232.06.

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

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th were paid a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.64%. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. Powell Industries's dividend payout ratio (DPR) is presently 8.12%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Powell Industries from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th.

About Powell Industries

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.