Evexia Wealth LLC Increases Holdings in Hubbell Incorporated (NYSE:HUBB)

Evexia Wealth LLC increased its stake in Hubbell Incorporated (NYSE:HUBB) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,997 shares of the industrial products company’s stock after acquiring an additional 685 shares during the period. Hubbell makes up approximately 3.4% of Evexia Wealth LLC’s investment portfolio, making the stock its 11th biggest position. Evexia Wealth LLC’s holdings in Hubbell were worth $8,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC increased its position in shares of Hubbell by 127.5% during the 4th quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 51 shares during the last quarter. Baillie Gifford & Co. bought a new stake in Hubbell in the fourth quarter worth $33,000. Sentry Investment Management LLC purchased a new position in Hubbell during the fourth quarter worth $91,000. Grove Bank & Trust increased its position in Hubbell by 14.3% during the third quarter. Grove Bank & Trust now owns 400 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 50 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Hubbell by 43.2% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 128 shares during the period. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Stock Up 1.3 %

NYSE HUBB traded up $5.06 on Tuesday, reaching $393.06. 456,149 shares of the stock traded hands, compared to its average volume of 430,749. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.03 and a current ratio of 1.66. Hubbell Incorporated has a 12 month low of $248.37 and a 12 month high of $429.61. The company has a fifty day moving average price of $398.93 and a 200-day moving average price of $347.48. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.47 and a beta of 0.96.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.54 by $0.06. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.61 EPS. As a group, research analysts forecast that Hubbell Incorporated will post 16.35 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $1.22 dividend. The ex-dividend date is Thursday, May 30th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.24%. Hubbell’s dividend payout ratio is presently 36.39%.

Insider Transactions at Hubbell

In related news, Director Neal J. Keating acquired 500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $378.77 per share, with a total value of $189,385.00. Following the completion of the transaction, the director now directly owns 8,571 shares in the company, valued at $3,246,437.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Neal J. Keating bought 500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $378.77 per share, with a total value of $189,385.00. Following the completion of the transaction, the director now directly owns 8,571 shares of the company’s stock, valued at approximately $3,246,437.67. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Eugene Mikes sold 1,045 shares of Hubbell stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $357.56, for a total transaction of $373,650.20. Following the completion of the transaction, the insider now directly owns 7,310 shares in the company, valued at $2,613,763.60. The disclosure for this sale can be found here. In the last three months, insiders sold 3,279 shares of company stock valued at $1,175,880. Corporate insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HUBB. Mizuho upped their price target on shares of Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. StockNews.com cut Hubbell from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft started coverage on Hubbell in a research note on Monday, March 11th. They set a “hold” rating and a $427.00 price target for the company. Barclays cut their price objective on Hubbell from $400.00 to $384.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company decreased their target price on Hubbell from $435.00 to $397.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $386.57.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.