Powell Industries, Inc. (NASDAQ:POWL) Stock Holdings Boosted by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its position in Powell Industries, Inc. (NASDAQ:POWL) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,133 shares of the industrial products company’s stock after buying an additional 2,704 shares during the period. Stratos Wealth Partners LTD.’s holdings in Powell Industries were worth $7,566,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of POWL. State Street Corp raised its position in Powell Industries by 0.9% in the third quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock worth $80,520,000 after acquiring an additional 3,403 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Powell Industries by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company’s stock worth $57,071,000 after purchasing an additional 9,692 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Powell Industries in the 3rd quarter worth approximately $30,038,000. Victory Capital Management Inc. lifted its stake 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 purchasing an additional 90,504 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Powell Industries by 12.4% during 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 in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Ratings Changes

POWL has been the topic of several research reports. Roth Mkm assumed coverage on Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target on the stock. Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com lowered Powell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd.

Powell Industries Stock Performance

Shares of NASDAQ:POWL opened at $244.85 on Thursday. The firm has a 50 day simple moving average of $250.13 and a 200 day simple moving average of $229.14. Powell Industries, Inc. has a 52 week low of $122.00 and a 52 week high of $364.98. The company has a market cap of $2.95 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87.

Powell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be issued a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.44%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio is presently 8.62%.

Insider Transactions at Powell Industries

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the completion of the sale, the insider now directly owns 677,265 shares in the company, valued at approximately $235,512,131.10. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

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.