Intech Investment Management LLC Purchases New Shares in Powell Industries, Inc. (NASDAQ:POWL)

Intech Investment Management LLC purchased a new position in Powell Industries, Inc. (NASDAQ:POWL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,123 shares of the industrial products company’s stock, valued at approximately $2,469,000.

Other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new position in shares of Powell Industries during the first quarter valued at approximately $266,000. Vanguard Group Inc. boosted its holdings in Powell Industries by 2.7% in the first quarter. Vanguard Group Inc. now owns 656,428 shares of the industrial products company’s stock worth $93,410,000 after acquiring an additional 17,177 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Powell Industries in the first quarter worth $329,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Powell Industries by 4.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 8,138 shares of the industrial products company’s stock valued at $1,155,000 after acquiring an additional 310 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Powell Industries by 141.2% in the 1st quarter. Lazard Asset Management LLC now owns 9,468 shares of the industrial products company’s stock worth $1,347,000 after purchasing an additional 5,542 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Powell Industries Trading Up 0.7 %

POWL stock opened at $289.88 on Monday. The stock’s 50 day simple moving average is $260.58 and its 200 day simple moving average is $196.09. Powell Industries, Inc. has a 12-month low of $75.05 and a 12-month high of $364.98. The stock has a market capitalization of $3.48 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.86.

Powell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 20th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.06 annualized dividend and a yield of 0.37%. Powell Industries’s payout ratio is 8.62%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Saturday.

Insiders Place Their Bets

In other news, Director James W. Mcgill sold 6,600 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the transaction, the director now directly owns 9,660 shares of the company’s stock, valued at $1,795,214.40. This represents a 40.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Thomas W. Powell sold 10,000 shares of Powell Industries stock in a transaction on Monday, October 7th. The stock was sold at an average price of $246.14, for a total value of $2,461,400.00. Following the completion of the sale, the insider now directly owns 1,658,328 shares of the company’s stock, valued at $408,180,853.92. The trade was a 0.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,600 shares of company stock valued at $15,906,386. 2.20% of the stock is owned by insiders.

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.