Private Trust Co. NA Has $740,000 Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Private Trust Co. NA decreased its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,340 shares of the industrial products company’s stock after selling 250 shares during the period. Private Trust Co. NA’s holdings in Powell Industries were worth $740,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in POWL. Wellington Management Group LLP bought a new stake in shares of Powell Industries in the 3rd quarter worth $30,038,000. Victory Capital Management Inc. grew its stake in shares of Powell Industries by 1,119.3% in the 3rd quarter. Victory Capital Management Inc. now owns 98,590 shares of the industrial products company’s stock worth $21,886,000 after acquiring an additional 90,504 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of Powell Industries in the 4th quarter worth $14,261,000. Stephens Investment Management Group LLC bought a new stake in shares of Powell Industries in the 3rd quarter worth $13,606,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Powell Industries in the 3rd quarter worth $12,176,000. Institutional investors own 89.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on POWL shares. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Sunday, February 23rd. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Roth Mkm assumed coverage on shares of Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 price target for the company.

Powell Industries Stock Performance

POWL opened at $169.71 on Friday. The firm has a market cap of $2.05 billion, a P/E ratio of 12.89, a PEG ratio of 0.98 and a beta of 0.87. The firm has a 50-day moving average of $228.94 and a 200 day moving average of $234.66. Powell Industries, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $364.98.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Equities research analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.2675 per share. The ex-dividend date is Wednesday, February 19th. 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 0.63%. Powell Industries’s dividend payout ratio is 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.