Deutsche Bank AG Acquires 3,423 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Deutsche Bank AG grew its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 58.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,267 shares of the industrial products company’s stock after buying an additional 3,423 shares during the period. Deutsche Bank AG owned approximately 0.08% of Powell Industries worth $2,054,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Powell Industries by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 688,058 shares of the industrial products company’s stock valued at $152,508,000 after acquiring an additional 24,997 shares during the last quarter. American Century Companies Inc. raised its position in Powell Industries by 8.3% during the fourth quarter. American Century Companies Inc. now owns 351,750 shares of the industrial products company’s stock valued at $77,965,000 after purchasing an additional 27,029 shares during the period. Invesco Ltd. lifted its stake in shares of Powell Industries by 134.0% in the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company’s stock valued at $58,768,000 after purchasing an additional 151,850 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Powell Industries by 24.1% in the 4th quarter. First Trust Advisors LP now owns 122,825 shares of the industrial products company’s stock valued at $27,224,000 after purchasing an additional 23,839 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Powell Industries by 15.7% in the 4th quarter. Northern Trust Corp now owns 116,823 shares of the industrial products company’s stock worth $25,894,000 after purchasing an additional 15,864 shares during the period. 89.77% of the stock is currently owned by institutional investors.

Powell Industries Trading Down 0.7%

Powell Industries stock opened at $173.27 on Friday. The firm has a 50-day moving average price of $178.81 and a 200-day moving average price of $219.27. The firm has a market capitalization of $2.09 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78. Powell Industries, Inc. has a 12-month low of $127.01 and a 12-month high of $364.98.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.47. The company had revenue of $278.63 million for the quarter, compared to analyst estimates of $282.68 million. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 EPS. As a group, sell-side analysts predict that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Wednesday, May 21st. Powell Industries’s payout ratio is currently 7.52%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Powell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th.

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.