Parametric Portfolio Associates LLC boosted its stake in shares of Powell Industries, Inc. (NASDAQ:POWL) by 15.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,066 shares of the industrial products company’s stock after purchasing an additional 2,460 shares during the period. Parametric Portfolio Associates LLC owned about 0.16% of Powell Industries worth $578,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of POWL. Texas Permanent School Fund raised its position in Powell Industries by 1.0% in the second quarter. Texas Permanent School Fund now owns 6,258 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 61 shares during the period. Wells Fargo & Company MN raised 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 during the period. Schwab Charles Investment Management Inc. raised its position in Powell Industries by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 36,118 shares of the industrial products company’s stock worth $1,156,000 after acquiring an additional 228 shares during the period. TIAA CREF Investment Management LLC raised its position in Powell Industries by 2.2% in the second quarter. TIAA CREF Investment Management LLC now owns 24,935 shares of the industrial products company’s stock worth $798,000 after acquiring an additional 539 shares during the period. Finally, Bessemer Group Inc. raised its position in Powell Industries by 7.9% in the second quarter. Bessemer Group Inc. now owns 8,200 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 600 shares during the period. Institutional investors own 62.69% of the company’s stock.

Separately, BidaskClub downgraded shares of Powell Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd.

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Powell Industries, Inc. (NASDAQ:POWL) opened at $28.24 on Friday. Powell Industries, Inc. has a 52-week low of $26.75 and a 52-week high of $47.24. The firm has a market cap of $322.74, a P/E ratio of 134.48 and a beta of 0.86.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be given a $0.26 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.04 annualized dividend and a yield of 3.68%. Powell Industries’s payout ratio is presently 1,040.10%.

About Powell Industries

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.

Institutional Ownership by Quarter for Powell Industries (NASDAQ:POWL)

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