Diversified Trust Co Buys 149 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Diversified Trust Co raised its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,882 shares of the industrial products company’s stock after acquiring an additional 149 shares during the quarter. Diversified Trust Co’s holdings in Powell Industries were worth $417,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cumberland Partners Ltd acquired a new stake in shares of Powell Industries during the 3rd quarter worth about $555,000. Loomis Sayles & Co. L P acquired a new stake in shares of Powell Industries during the third quarter worth approximately $7,225,000. Victory Capital Management Inc. raised its stake in shares of Powell Industries by 1,119.3% in 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 acquiring an additional 90,504 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Powell Industries by 34.8% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 10,947 shares of the industrial products company’s stock worth $2,430,000 after acquiring an additional 2,827 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Powell Industries by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 51,507 shares of the industrial products company’s stock worth $11,434,000 after acquiring an additional 2,793 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

POWL has been the subject of several research analyst reports. StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Roth Mkm began coverage on Powell Industries in a report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target for the company. Finally, Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th.

Insider Buying and Selling

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $347.74, for a total value of $1,738,700.00. Following the transaction, the insider now directly owns 677,265 shares in the company, valued at $235,512,131.10. This represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Powell Industries Stock Performance

NASDAQ:POWL opened at $231.16 on Friday. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.31 and a beta of 0.88. The stock’s fifty day moving average price is $268.13 and its two-hundred day moving average price is $213.91. Powell Industries, Inc. has a 52-week low of $76.29 and a 52-week high of $364.98.

Powell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, November 20th. Powell Industries’s dividend payout ratio is 8.62%.

About Powell Industries

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.