Vontobel Holding Ltd. Buys 263 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Vontobel Holding Ltd. increased its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 28.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,200 shares of the industrial products company’s stock after acquiring an additional 263 shares during the quarter. Vontobel Holding Ltd.’s holdings in Powell Industries were worth $266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cumberland Partners Ltd acquired a new stake in Powell Industries during the third quarter worth $555,000. Loomis Sayles & Co. L P acquired a new stake in Powell Industries during the third quarter worth $7,225,000. Victory Capital Management Inc. boosted 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 worth $21,886,000 after buying an additional 90,504 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in Powell Industries by 34.8% during the third quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company’s stock worth $2,430,000 after buying an additional 2,827 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Powell Industries by 5.7% during the third quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock worth $11,434,000 after buying an additional 2,793 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on POWL shares. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, Roth Mkm started coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 target price on the stock.

Powell Industries Stock Performance

Shares of NASDAQ:POWL opened at $177.25 on Friday. Powell Industries, Inc. has a 52 week low of $122.00 and a 52 week high of $364.98. The company’s fifty day moving average is $236.27 and its 200-day moving average is $233.90. The company has a market capitalization of $2.14 billion, a PE ratio of 13.46, a P/E/G ratio of 1.01 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS 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%. On average, analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a dividend of $0.2675 per share. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 19th. This represents a $1.07 annualized dividend and a yield of 0.60%. 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.