Private Trust Co. NA Grows Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Private Trust Co. NA grew its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 31.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,590 shares of the industrial products company’s stock after buying an additional 865 shares during the quarter. Private Trust Co. NA’s holdings in Powell Industries were worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of POWL. Covestor Ltd raised its stake in shares of Powell Industries by 21.8% during the 3rd 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 period. Chartwell Investment Partners LLC grew its position in shares of Powell Industries by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock valued at $1,712,000 after acquiring an additional 60 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 raised its holdings in shares of Powell Industries by 110.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 105 shares during the period. Finally, Diversified Trust Co lifted its stake in Powell Industries by 7.1% in the third quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Insider Transactions at Powell Industries

In related news, major shareholder Thomas W. Powell sold 10,000 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $246.14, for a total value of $2,461,400.00. Following the sale, the insider now owns 1,658,328 shares in the company, valued at approximately $408,180,853.92. This trade represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $14,679,842. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday.

Powell Industries Stock Performance

Shares of NASDAQ POWL opened at $271.63 on Wednesday. Powell Industries, Inc. has a fifty-two week low of $75.05 and a fifty-two week high of $364.98. The stock has a market cap of $3.26 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.43 and a beta of 0.86. The stock has a fifty day moving average of $262.79 and a 200-day moving average of $196.90.

Powell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, November 20th. Powell Industries’s dividend payout ratio is presently 8.62%.

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.