Capital Fund Management S.A. Sells 18,090 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Capital Fund Management S.A. cut its stake in Powell Industries, Inc. (NASDAQ:POWL) by 62.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,878 shares of the industrial products company’s stock after selling 18,090 shares during the quarter. Capital Fund Management S.A. owned 0.09% of Powell Industries worth $2,411,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of POWL. Vanguard Group Inc. increased its stake in Powell Industries by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company’s stock valued at $152,508,000 after purchasing an additional 24,997 shares in the last quarter. State Street Corp increased its position in shares of Powell Industries by 0.9% in the 3rd quarter. State Street Corp now owns 362,717 shares of the industrial products company’s stock valued at $80,520,000 after buying an additional 3,403 shares in the last quarter. American Century Companies Inc. raised its stake in Powell Industries by 8.3% during the 4th quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company’s stock worth $77,965,000 after buying an additional 27,029 shares during the period. Invesco Ltd. lifted its holdings in Powell Industries by 134.0% during the fourth quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company’s stock worth $58,768,000 after acquiring an additional 151,850 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Powell Industries by 3.9% in the third quarter. Geode Capital Management LLC now owns 257,049 shares of the industrial products company’s stock valued at $57,071,000 after acquiring an additional 9,692 shares during the period. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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 0.7 %

Shares of NASDAQ:POWL opened at $171.97 on Tuesday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a 12 month low of $122.00 and a 12 month high of $364.98. The company’s fifty day simple moving average is $181.60 and its 200 day simple moving average is $233.73.

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

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were issued a $0.2675 dividend. The ex-dividend date was Wednesday, February 19th. 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 0.62%. Powell Industries’s dividend payout ratio (DPR) 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.