Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd boosted its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 167.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 572 shares of the industrial products company’s stock after acquiring an additional 358 shares during the period. Plato Investment Management Ltd’s holdings in Powell Industries were worth $127,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Powell Industries in the 4th quarter valued at about $57,000. Smartleaf Asset Management LLC lifted its stake in shares of Powell Industries by 455.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 132 shares in the last quarter. Illumine Investment Management LLC purchased a new position in Powell Industries in the fourth quarter valued at about $1,567,000. Proficio Capital Partners LLC acquired a new stake in Powell Industries during the 4th quarter valued at approximately $3,095,000. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Powell Industries during the 4th quarter valued at approximately $332,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Powell Industries Stock Down 0.3 %

Shares of NASDAQ POWL opened at $155.56 on Wednesday. The stock’s 50 day moving average price is $225.84 and its two-hundred day moving average price is $235.04. Powell Industries, Inc. has a 52-week low of $122.00 and a 52-week high of $364.98. The stock has a market capitalization of $1.88 billion, a P/E ratio of 11.81, a PEG ratio of 0.98 and a beta of 0.87.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating 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, analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Powell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be given 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 dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, February 19th. Powell Industries’s dividend payout ratio (DPR) is presently 8.12%.

Analyst Upgrades and Downgrades

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

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.