Hubbell Incorporated (NYSE:HUBB) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its position in Hubbell Incorporated (NYSE:HUBB) by 7.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,080 shares of the industrial products company’s stock after acquiring an additional 76 shares during the period. Stratos Wealth Partners LTD.’s holdings in Hubbell were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in HUBB. Vanguard Group Inc. lifted its stake in Hubbell by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,777,774 shares of the industrial products company’s stock valued at $1,810,812,000 after buying an additional 96,435 shares in the last quarter. BlackRock Inc. raised its holdings in Hubbell by 1.7% in the 1st quarter. BlackRock Inc. now owns 5,457,568 shares of the industrial products company’s stock valued at $1,327,881,000 after acquiring an additional 89,491 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Hubbell by 5.8% in the 1st quarter. JPMorgan Chase & Co. now owns 2,731,202 shares of the industrial products company’s stock valued at $664,529,000 after acquiring an additional 148,953 shares during the last quarter. FMR LLC raised its holdings in Hubbell by 2.9% in the 3rd quarter. FMR LLC now owns 2,563,965 shares of the industrial products company’s stock valued at $803,572,000 after acquiring an additional 71,962 shares during the last quarter. Finally, State Street Corp raised its holdings in Hubbell by 2.1% in the 1st quarter. State Street Corp now owns 1,753,314 shares of the industrial products company’s stock valued at $426,599,000 after acquiring an additional 35,752 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Stock Down 1.1 %

Shares of NYSE HUBB opened at $401.74 on Monday. Hubbell Incorporated has a 1 year low of $221.03 and a 1 year high of $429.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.01. The company has a 50 day simple moving average of $387.95 and a 200-day simple moving average of $336.90. The company has a market capitalization of $21.55 billion, a P/E ratio of 28.59, a P/E/G ratio of 2.45 and a beta of 0.94.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.11. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm earned $2.60 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts predict that Hubbell Incorporated will post 16.43 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $1.22 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.88 annualized dividend and a yield of 1.21%. Hubbell’s dividend payout ratio (DPR) is presently 34.73%.

Insider Activity at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 1,837 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $358.16, for a total value of $657,939.92. Following the completion of the transaction, the insider now owns 5,296 shares of the company’s stock, valued at approximately $1,896,815.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Hubbell news, insider Mark Eugene Mikes sold 1,837 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $358.16, for a total value of $657,939.92. Following the completion of the transaction, the insider now owns 5,296 shares of the company’s stock, valued at approximately $1,896,815.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerben Bakker sold 13,355 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $353.13, for a total transaction of $4,716,051.15. Following the completion of the transaction, the chief executive officer now directly owns 51,783 shares of the company’s stock, valued at approximately $18,286,130.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,125 shares of company stock worth $12,065,100. Insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed 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. Wells Fargo & Company increased their price objective on shares of Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. StockNews.com downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho increased their price objective 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 raised their price target on shares of Hubbell from $340.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $383.57.

Hubbell Profile

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.