Cerity Partners LLC Increases Stake in Powell Industries, Inc. (NASDAQ:POWL)

Cerity Partners LLC lifted its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 2,516.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,751 shares of the industrial products company’s stock after purchasing an additional 37,270 shares during the period. Cerity Partners LLC owned 0.32% of Powell Industries worth $8,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its holdings in Powell Industries by 3.1% in the 4th quarter. Sei Investments Co. now owns 2,849 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 85 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Powell Industries by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock valued at $217,000 after buying an additional 90 shares during the period. Prestige Wealth Management Group LLC grew its stake in Powell Industries by 100.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. Swiss National Bank grew its position in shares of Powell Industries by 0.5% during the fourth quarter. Swiss National Bank now owns 18,800 shares of the industrial products company’s stock worth $4,167,000 after buying an additional 100 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in Powell Industries by 6.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,708 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th.

Powell Industries Stock Down 5.6 %

NASDAQ:POWL opened at $172.96 on Friday. The company has a market capitalization of $2.09 billion, a PE ratio of 13.13, a P/E/G ratio of 0.98 and a beta of 0.67. The stock’s 50 day moving average price is $184.25 and its 200 day moving average price is $234.20. Powell Industries, Inc. has a 52-week low of $122.00 and a 52-week high of $364.98.

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 analysts’ consensus estimates of $2.83 by $0.03. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. As a group, sell-side analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.62%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 19th. Powell Industries’s payout ratio is 8.12%.

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.