Vontobel Holding Ltd. Has $266,000 Position in Powell Industries, Inc. (NASDAQ:POWL)

Vontobel Holding Ltd. increased its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 28.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,200 shares of the industrial products company’s stock after purchasing an additional 263 shares during the quarter. Vontobel Holding Ltd.’s holdings in Powell Industries were worth $266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in POWL. Wellington Management Group LLP bought a new position in Powell Industries during the third quarter valued at approximately $30,038,000. Victory Capital Management Inc. raised its position in Powell Industries by 1,119.3% during the third quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock valued at $21,886,000 after acquiring an additional 90,504 shares in the last quarter. WCM Investment Management LLC bought a new position in Powell Industries during the fourth quarter valued at approximately $14,261,000. Stephens Investment Management Group LLC bought a new position in Powell Industries during the third quarter valued at approximately $13,606,000. Finally, Sanctuary Advisors LLC bought a new position in Powell Industries during the third quarter valued at approximately $12,176,000. Institutional investors own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

POWL has been the topic of several recent research reports. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm initiated coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price objective on the stock. Finally, StockNews.com lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th.

Powell Industries Stock Down 6.1 %

NASDAQ:POWL opened at $177.25 on Friday. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 1.01 and a beta of 0.87. The company’s 50 day moving average is $236.27 and its 200-day moving average is $233.90.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Research analysts predict that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a yield of 0.60%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is 8.12%.

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.