Powell Industries, Inc. (NASDAQ:POWL) is Transform Wealth LLC’s Largest Position

Transform Wealth LLC lowered its stake in Powell Industries, Inc. (NASDAQ:POWL) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,628,009 shares of the industrial products company’s stock after selling 45,750 shares during the quarter. Powell Industries makes up 20.0% of Transform Wealth LLC’s investment portfolio, making the stock its largest holding. Transform Wealth LLC owned about 13.50% of Powell Industries worth $360,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of POWL. Hollencrest Capital Management purchased a new stake in shares of Powell Industries in the third quarter valued at $30,000. Quest Partners LLC purchased a new position in shares of Powell Industries during the 3rd quarter valued at $35,000. Farther Finance Advisors LLC increased its stake in shares of Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 105 shares during the last quarter. Quarry LP purchased a new stake in shares of Powell Industries during the second quarter worth $48,000. Finally, Covestor Ltd boosted its position in Powell Industries by 21.8% during the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Insider Transactions at Powell Industries

In other news, major shareholder Thomas W. Powell sold 5,000 shares of Powell Industries stock in a transaction dated 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 transaction, the insider now directly owns 677,265 shares in the company, valued at approximately $235,512,131.10. The trade was a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Powell Industries Stock Performance

Shares of NASDAQ POWL opened at $261.34 on Tuesday. The business’s 50-day simple moving average is $258.16 and its 200-day simple moving average is $219.77. Powell Industries, Inc. has a 52 week low of $76.29 and a 52 week high of $364.98. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.36 and a beta of 0.88.

Powell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 20th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Wednesday, November 20th. Powell Industries’s payout ratio is 8.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on POWL shares. Roth Mkm began coverage on Powell Industries in a research note on Wednesday, December 11th. They set a “buy” rating and a $312.00 price target for the company. StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th.

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.