Swiss National Bank Grows Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Swiss National Bank lifted its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,800 shares of the industrial products company’s stock after acquiring an additional 100 shares during the quarter. Swiss National Bank owned 0.16% of Powell Industries worth $4,167,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in POWL. Quest Partners LLC purchased a new stake in Powell Industries in the third quarter valued at $35,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Powell Industries by 12.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 93,845 shares of the industrial products company’s stock worth $20,833,000 after buying an additional 10,352 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Powell Industries during the third quarter worth about $2,059,000. Daiwa Securities Group Inc. raised its position in Powell Industries by 329.3% during the third quarter. Daiwa Securities Group Inc. now owns 4,563 shares of the industrial products company’s stock valued at $1,013,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new position in Powell Industries in the third quarter valued at approximately $3,690,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Trading Down 0.1 %

Shares of POWL stock opened at $196.11 on Wednesday. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98. The business’s 50 day moving average is $208.35 and its two-hundred day moving average is $235.59. The company has a market capitalization of $2.37 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last announced 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%. On average, research analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were given a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio is 8.12%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm assumed coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price target on the stock. Finally, 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.