Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in shares of Powell Industries, Inc. ( NASDAQ:POWL – Free Report ) by 58.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.

The institutional investor owned 44,830 shares of the industrial products company’s stock after purchasing an additional 16,544 shares during the quarter. Wells Fargo & Company MN’s holdings in Powell Industries were worth $9,937,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently bought and sold shares of the business.



Raymond James Financial Inc. acquired a new stake in shares of Powell Industries during the fourth quarter worth approximately $22,556,000. WCM Investment Management LLC acquired a new position in Powell Industries during the 4th quarter worth $14,261,000.

Cibc World Market Inc. grew its holdings in Powell Industries by 438.8% during the 4th quarter.

Cibc World Market Inc. now owns 60,746 shares of the industrial products company’s stock worth $13,464,000 after acquiring an additional 49,471 shares in the last quarter. Barclays PLC increased its position in shares of Powell Industries by 198.

1% in the 3rd quarter. Barclays PLC now owns 60,969 shares of the industrial products company’s stock worth $13,536,000 after purchasing an additional 40,515 shares during the last quarter. Finally, RPG Investment Advisory LLC acquired a new stake in shares of Powell Industries in the 4th quarter valued at about $7,722,000.

89.77% of the stock is currently owned by hedge funds and other institutional investors. Powell Industries Price Performance Shares of POWL opened at $166.

95 on Thursday. The stock has a market capitalization of $2.01 billion, a PE ratio of 12.

68, a price-to-earnings-growth ratio of 0.98 and a beta of 0.67.

The business’s fifty day moving average price is $178.93 and its 200 day moving average price is $232.86.

Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.

98. Powell Industries Increases Dividend The business also recently announced 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 dividend on an annualized basis and a yield of 0.64%.

The ex-dividend date of this dividend was Wednesday, February 19th. Powell Industries’s payout ratio is presently 8.12%.

Analyst Ratings Changes Separately, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Check Out Our Latest Analysis on Powell Industries Powell Industries Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding POWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Powell Industries, Inc.

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