Polen Capital Management Adds $9M in Powell Industries, Inc. ($POWL)
Key Points
- Polen Capital Management changed its Powell Industries, Inc. ($POWL) stake by 157.9% last quarter, boosting to 52,455 shares worth $15.46 million.
- $POWL last traded around $294.75.
Polen Capital Management increased its position in Powell Industries, Inc. ($POWL) by 157.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,455 shares of Powell Industries, Inc. after buying 32,114 shares during the quarter. Polen Capital Management's holdings in Powell Industries, Inc. were worth $15.46 million as of its most recent filing.
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About Powell Industries, Inc.
Powell Industries, Inc., together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company's products portfolio includes integrated power control room substations, custom-engineered modules, and electrical houses; and traditional and arc-resistant distribution switchgears and control gears, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems. It also provides field service inspection, installation, commissioning, modification, and repair services; spare parts; retrofit and retrofill components for existing systems; and replacement circuit breakers for switchgears. The company serves onshore and offshore production, liquefied natural gas facilities and terminals, pipelines and refineries, petrochemical, electric utility, light rail traction power, mining and metals, pulp and paper, data centers, commercial construction, and other industrial markets, as well as universities and government entities. It operates in the United States, Canada, the Middle East, Africa, Europe, Mexico, the Asia/Pacific, and Central and South America. Powell Industries, Inc. was founded in 1947 and is headquartered in Houston, Texas.
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