Royce & Associates LP Has $16 Million Stake in Powell Industries, Inc. (NASDAQ:POWL)

Royce & Associates LP trimmed its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 72,193 shares of the industrial products company’s stock after selling 2,265 shares during the quarter. Royce & Associates LP’s holdings in Powell Industries were worth $16,002,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in POWL. Principal Securities Inc. acquired a new position in Powell Industries during the fourth quarter valued at $26,000. Quest Partners LLC purchased a new position in Powell Industries during the 3rd quarter valued at about $35,000. Smartleaf Asset Management LLC grew its stake in Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Powell Industries in the fourth quarter worth approximately $40,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Powell Industries in the fourth quarter worth approximately $57,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Trading Up 4.0 %

Shares of NASDAQ:POWL opened at $173.36 on Monday. The stock has a market capitalization of $2.09 billion, a PE ratio of 13.16, a P/E/G ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 1 year low of $122.00 and a 1 year high of $364.98. The firm has a fifty day moving average price of $215.24 and a 200 day moving average price of $234.20.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. On average, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, February 19th. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is 8.12%.

Analyst Ratings Changes

Several research firms have weighed in on POWL. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Roth Mkm began coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target on the stock. Finally, Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th.

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.