B. Metzler seel. Sohn & Co. AG Takes Position in Powell Industries, Inc. (NASDAQ:POWL)

B. Metzler seel. Sohn & Co. AG acquired a new position in Powell Industries, Inc. (NASDAQ:POWL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,408 shares of the industrial products company’s stock, valued at approximately $1,864,000. B. Metzler seel. Sohn & Co. AG owned about 0.07% of Powell Industries at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in Powell Industries in the 4th quarter worth approximately $65,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Powell Industries by 6.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,708 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 109 shares during the last quarter. Tucker Asset Management LLC purchased a new position in Powell Industries in the fourth quarter worth $43,000. Intrust Bank NA bought a new position in Powell Industries in the fourth quarter valued at $322,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in Powell Industries during the fourth quarter valued at about $252,000. 89.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on POWL shares. StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Roth Mkm started coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price objective for the company.

Powell Industries Trading Up 3.1 %

POWL opened at $181.30 on Thursday. 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 price is $197.17 and its 200-day moving average price is $235.77. The company has a market cap of $2.19 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.98 and a beta of 0.83.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, topping 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%. Equities research analysts forecast that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were issued a dividend of $0.2675 per share. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Wednesday, February 19th. Powell Industries’s dividend payout ratio is currently 8.12%.

Powell Industries Company 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.