Rodgers Brothers Inc. Has $1.85 Million Stake in Powell Industries, Inc. (NASDAQ:POWL)

Rodgers Brothers Inc. lessened its holdings in shares of Powell Industries, Inc. (NASDAQ:POWL) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,350 shares of the industrial products company’s stock after selling 850 shares during the period. Rodgers Brothers Inc. owned about 0.07% of Powell Industries worth $1,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of Powell Industries in the fourth quarter valued at approximately $26,000. Quest Partners LLC bought a new stake in shares of Powell Industries during the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC grew its holdings in shares of Powell Industries by 455.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Powell Industries in the fourth quarter worth $40,000. Finally, Tucker Asset Management LLC acquired a new position in Powell Industries in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Ratings Changes

POWL has been the topic of a number of analyst reports. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Roth Capital raised shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Roth Mkm assumed coverage on Powell Industries in a research note on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price for the company.

Powell Industries Stock Down 2.3 %

Powell Industries stock opened at $176.72 on Monday. The stock has a market cap of $2.13 billion, a PE ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.83. Powell Industries, Inc. has a 12-month low of $122.00 and a 12-month high of $364.98. The business’s 50-day moving average price is $203.86 and its two-hundred day moving average price is $236.07.

Powell Industries (NASDAQ:POWL) last announced 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 net margin of 15.15% and a return on equity of 35.48%. As a group, analysts expect that Powell Industries, Inc. will post 13.71 earnings per share for the current year.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th were issued 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 was Wednesday, February 19th. This represents a $1.07 annualized dividend and a dividend yield of 0.61%. Powell Industries’s dividend payout ratio (DPR) 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.