JPMorgan Chase & Co. Buys 2,843 Shares of Powell Industries, Inc. (NASDAQ:POWL)

JPMorgan Chase & Co. raised its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,701 shares of the industrial products company’s stock after purchasing an additional 2,843 shares during the period. JPMorgan Chase & Co. owned 0.25% of Powell Industries worth $6,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Sei Investments Co. increased 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 worth $631,000 after acquiring an additional 85 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Powell Industries by 10.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 979 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares in the last quarter. Prestige Wealth Management Group LLC raised its position in shares of Powell Industries by 100.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 100 shares during the period. Swiss National Bank raised its position in shares of Powell Industries by 0.5% in the fourth quarter. Swiss National Bank now owns 18,800 shares of the industrial products company’s stock valued at $4,167,000 after purchasing an additional 100 shares during the period. Finally, KBC Group NV lifted its stake in shares of Powell Industries by 35.1% during the 4th quarter. KBC Group NV now owns 435 shares of the industrial products company’s stock valued at $96,000 after buying an additional 113 shares in the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Powell Industries Trading Up 0.2 %

Shares of NASDAQ:POWL opened at $167.24 on Friday. The company has a 50 day moving average of $177.88 and a 200 day moving average of $232.48. The stock has a market cap of $2.02 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.98 and a beta of 0.67. Powell Industries, Inc. has a 12 month low of $123.04 and a 12 month high of $364.98.

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

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th were issued a $0.2675 dividend. 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. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.64%. Powell Industries’s dividend payout ratio is presently 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.