Powell Industries, Inc. (NASDAQ:POWL) Shares Sold by Engine NO. 1 LLC

Engine NO. 1 LLC lessened its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,300 shares of the industrial products company's stock after selling 10,200 shares during the quarter. Powell Industries comprises approximately 29.1% of Engine NO. 1 LLC's portfolio, making the stock its largest position. Engine NO. 1 LLC owned about 0.41% of Powell Industries worth $10,927,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in POWL. Principal Securities Inc. purchased a new position in shares of Powell Industries during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its position in shares of Powell Industries by 455.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock worth $37,000 after buying an additional 132 shares during the period. Blue Trust Inc. acquired a new stake in shares of Powell Industries in the fourth quarter valued at $40,000. GeoWealth Management LLC raised its holdings in shares of Powell Industries by 123.8% in the 4th quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock valued at $40,000 after buying an additional 99 shares during the period. Finally, Tucker Asset Management LLC acquired a new position in Powell Industries during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 89.77% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th.

Powell Industries Stock Performance

Shares of Powell Industries stock traded down $4.05 during trading hours on Monday, reaching $182.56. 74,967 shares of the company were exchanged, compared to its average volume of 432,426. The firm has a market cap of $2.20 billion, a PE ratio of 13.84, a PEG ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a 1 year low of $127.01 and a 1 year high of $364.98. The stock's fifty day moving average is $173.25 and its 200 day moving average is $229.45.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its quarterly 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%. Research analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.59%. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 19th. Powell Industries's dividend payout ratio (DPR) is presently 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.