Beddow Capital Management Inc. trimmed its holdings in Powell Industries, Inc. (NASDAQ:POWL) by 54.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,250 shares of the industrial products company’s stock after selling 105,824 shares during the period. Beddow Capital Management Inc.’s holdings in Powell Industries were worth $2,500,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. bought a new stake in Powell Industries in the second quarter worth approximately $205,000. Wells Fargo & Company MN grew its position in Powell Industries by 2.3% in the second quarter. Wells Fargo & Company MN now owns 6,736 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 150 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Powell Industries in the fourth quarter worth approximately $216,000. The Manufacturers Life Insurance Company grew its position in Powell Industries by 13.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,330 shares of the industrial products company’s stock worth $266,000 after acquiring an additional 983 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Powell Industries by 47.6% in the third quarter. Bessemer Group Inc. now owns 12,100 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 3,900 shares in the last quarter. 62.69% of the stock is owned by institutional investors.
Shares of Powell Industries, Inc. (NASDAQ POWL) opened at $27.74 on Wednesday. Powell Industries, Inc. has a one year low of $22.80 and a one year high of $38.73. The firm has a market cap of $317.65, a price-to-earnings ratio of -22.74 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 21st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Tuesday, February 20th. Powell Industries’s payout ratio is -85.25%.
Separately, BidaskClub upgraded shares of Powell Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th.
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Powell Industries Company Profile
Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.
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