B. Metzler seel. Sohn & Co. AG Purchases Shares of 8,408 Powell Industries, Inc. (NASDAQ:POWL)

B. Metzler seel. Sohn & Co. AG acquired a new position in Powell Industries, Inc. (NASDAQ:POWL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,408 shares of the industrial products company’s stock, valued at approximately $1,864,000.

Several other hedge funds have also recently made changes to their positions in POWL. Sei Investments Co. boosted its holdings in Powell Industries by 3.1% in the fourth quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company’s stock valued at $631,000 after acquiring an additional 85 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Powell Industries by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares during the period. Prestige Wealth Management Group LLC boosted its stake in shares of Powell Industries by 100.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 100 shares in the last quarter. Swiss National Bank increased its position in shares of Powell Industries by 0.5% during the fourth quarter. Swiss National Bank now owns 18,800 shares of the industrial products company’s stock valued at $4,167,000 after buying an additional 100 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in Powell Industries by 6.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,708 shares of the industrial products company’s stock worth $379,000 after buying an additional 109 shares in the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Roth Mkm began coverage on Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target on the stock. Finally, Roth Capital upgraded Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

Powell Industries Stock Performance

Shares of POWL opened at $181.30 on Thursday. The firm’s 50-day simple moving average is $197.17 and its two-hundred day simple moving average is $235.77. 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 $2.19 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data 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%. Equities research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were given a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.59%. 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 payout ratio is currently 8.12%.

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.