Intech Investment Management LLC Boosts Holdings in Hubbell Incorporated (NYSE:HUBB)

Intech Investment Management LLC raised its holdings in shares of Hubbell Incorporated (NYSE:HUBBFree Report) by 449.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,605 shares of the industrial products company’s stock after purchasing an additional 21,765 shares during the period. Intech Investment Management LLC’s holdings in Hubbell were worth $8,751,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its position in shares of Hubbell by 0.4% in the fourth quarter. Xponance Inc. now owns 9,140 shares of the industrial products company’s stock worth $3,006,000 after acquiring an additional 36 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Hubbell by 2.4% in the third quarter. Atria Wealth Solutions Inc. now owns 1,924 shares of the industrial products company’s stock worth $603,000 after buying an additional 45 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Hubbell by 127.5% in the fourth quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock worth $30,000 after buying an additional 51 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in Hubbell by 3.1% in the fourth quarter. Essex Financial Services Inc. now owns 1,703 shares of the industrial products company’s stock worth $560,000 after purchasing an additional 52 shares during the period. Finally, Waverly Advisors LLC boosted its holdings in Hubbell by 6.9% in the third quarter. Waverly Advisors LLC now owns 882 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 57 shares during the period. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on HUBB. Deutsche Bank Aktiengesellschaft began coverage on shares of Hubbell in a report on Monday, March 11th. They issued a “hold” rating and a $427.00 price objective for the company. StockNews.com downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wells Fargo & Company reduced their price target on shares of Hubbell from $435.00 to $397.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Mizuho boosted 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. Finally, Barclays reduced their price target on shares of Hubbell from $400.00 to $384.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and a consensus price target of $386.57.

View Our Latest Stock Report on Hubbell

Insiders Place Their Bets

In other Hubbell news, insider Alyssa R. Flynn sold 1,106 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $406.79, for a total transaction of $449,909.74. Following the sale, the insider now owns 4,234 shares in the company, valued at approximately $1,722,348.86. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Hubbell news, insider Alyssa R. Flynn sold 1,106 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $406.79, for a total transaction of $449,909.74. Following the sale, the insider now owns 4,234 shares in the company, valued at approximately $1,722,348.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Neal J. Keating acquired 500 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $378.77 per share, for a total transaction of $189,385.00. Following the acquisition, the director now owns 8,571 shares in the company, valued at approximately $3,246,437.67. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 3,055 shares of company stock worth $1,232,139. 0.66% of the stock is owned by corporate insiders.

Hubbell Price Performance

HUBB stock traded up $12.39 during trading on Friday, hitting $413.00. The company had a trading volume of 346,289 shares, compared to its average volume of 494,658. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.60 and a beta of 0.96. The business has a 50 day moving average of $402.15 and a 200 day moving average of $358.08. Hubbell Incorporated has a fifty-two week low of $248.37 and a fifty-two week high of $429.61. The company has a current ratio of 1.66, a quick ratio of 1.03 and a debt-to-equity ratio of 0.64.

Hubbell (NYSE:HUBBGet Free Report) last posted its quarterly earnings data 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 business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.61 earnings per share. As a group, research analysts predict that Hubbell Incorporated will post 16.33 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, May 31st. Hubbell’s dividend payout ratio (DPR) is presently 36.39%.

Hubbell Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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