Dimensional Fund Advisors LP Sells 66,420 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Dimensional Fund Advisors LP lessened its stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 12.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 480,323 shares of the industrial products company's stock after selling 66,420 shares during the period. Dimensional Fund Advisors LP owned about 3.98% of Powell Industries worth $106,471,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in POWL. Vanguard Group Inc. grew its stake in Powell Industries by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company's stock valued at $152,508,000 after buying an additional 24,997 shares during the last quarter. American Century Companies Inc. grew its position in Powell Industries by 8.3% in the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company's stock valued at $77,965,000 after acquiring an additional 27,029 shares during the last quarter. Invesco Ltd. increased its position in Powell Industries by 134.0% during the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock worth $58,768,000 after purchasing an additional 151,850 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Powell Industries by 24.1% in the 4th quarter. First Trust Advisors LP now owns 122,825 shares of the industrial products company's stock valued at $27,224,000 after acquiring an additional 23,839 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Powell Industries in the 4th quarter worth about $22,556,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Powell Industries Stock Up 2.1 %

Shares of NASDAQ POWL traded up $3.93 during trading on Friday, reaching $195.06. The company had a trading volume of 70,185 shares, compared to its average volume of 427,308. The company's fifty day moving average price is $173.56 and its 200-day moving average price is $227.78. The stock has a market cap of $2.35 billion, a P/E ratio of 14.81, a PEG ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a 12 month low of $127.01 and a 12 month high of $364.98.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

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