Powell Industries, Inc. (NASDAQ:POWL) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lessened its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 6.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,201 shares of the industrial products company’s stock after selling 143 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Powell Industries were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Covestor Ltd raised its stake in shares of Powell Industries by 21.8% during the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 41 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in shares of Powell Industries by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock worth $1,712,000 after purchasing an additional 60 shares during the last quarter. Farther Finance Advisors LLC raised its position in Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 105 shares in the last quarter. KBC Group NV raised its position in Powell Industries by 35.1% in the fourth quarter. KBC Group NV now owns 435 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 113 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in Powell Industries in the fourth quarter worth $26,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Stock Up 2.6 %

Shares of POWL stock opened at $169.71 on Monday. Powell Industries, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The stock has a market cap of $2.05 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.98 and a beta of 0.87. The business has a fifty day simple moving average of $228.94 and a 200-day simple moving average of $235.21.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share 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%. On average, sell-side analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.2675 per share. The ex-dividend date is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.63%. 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

Several research analysts have issued reports on POWL shares. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm started 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. Finally, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Sunday, February 23rd.

Powell Industries Company 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.