Private Trust Co. NA Boosts Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Private Trust Co. NA increased its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 31.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,590 shares of the industrial products company’s stock after purchasing an additional 865 shares during the period. Private Trust Co. NA’s holdings in Powell Industries were worth $797,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Hollencrest Capital Management purchased a new position in shares of Powell Industries in the third quarter worth about $30,000. Quest Partners LLC purchased a new position in Powell Industries in the 3rd quarter worth approximately $35,000. Farther Finance Advisors LLC boosted its stake in shares of Powell Industries by 110.5% during the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 105 shares during the period. Covestor Ltd grew its holdings in shares of Powell Industries by 21.8% in the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 41 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Powell Industries by 38.2% in the second quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock worth $41,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Powell Industries Stock Down 3.2 %

Shares of Powell Industries stock opened at $271.63 on Wednesday. The business has a 50 day moving average of $262.79 and a 200 day moving average of $196.90. Powell Industries, Inc. has a 52 week low of $75.05 and a 52 week high of $364.98. The company has a market cap of $3.26 billion, a PE ratio of 22.10, a P/E/G ratio of 1.43 and a beta of 0.86.

Powell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 20th will be issued a $0.265 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.06 annualized dividend and a yield of 0.39%. Powell Industries’s dividend payout ratio (DPR) is presently 8.62%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Powell Industries

In other news, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $347.74, for a total value of $1,738,700.00. Following the completion of the transaction, the insider now owns 677,265 shares in the company, valued at $235,512,131.10. This trade represents a 0.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 60,000 shares of company stock valued at $14,679,842. Company insiders own 2.20% of the company’s stock.

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.