Hubbell Incorporated (NYSE:HUBB) Stock Holdings Raised by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Hubbell Incorporated (NYSE:HUBB) by 126.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,101 shares of the industrial products company’s stock after purchasing an additional 11,784 shares during the period. Federated Hermes Inc.’s holdings in Hubbell were worth $6,941,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Hubbell by 13.6% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,022 shares of the industrial products company’s stock valued at $336,000 after buying an additional 122 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Hubbell by 3.9% during the 4th quarter. Avior Wealth Management LLC now owns 2,101 shares of the industrial products company’s stock valued at $691,000 after acquiring an additional 79 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hubbell by 1.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,419 shares of the industrial products company’s stock worth $17,571,000 after purchasing an additional 770 shares during the last quarter. Hamilton Point Investment Advisors LLC boosted its holdings in Hubbell by 1.6% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 20,267 shares of the industrial products company’s stock worth $6,667,000 after purchasing an additional 327 shares during the period. Finally, Flputnam Investment Management Co. bought a new stake in Hubbell during the fourth quarter valued at $219,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hubbell

In related news, 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 transaction, the chief executive officer now owns 51,783 shares in the company, valued at $18,286,130.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Gerben Bakker sold 13,355 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was 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 owns 51,783 shares of the company’s stock, valued at $18,286,130.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William R. Sperry sold 14,925 shares of Hubbell stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $352.99, for a total value of $5,268,375.75. Following the transaction, the chief financial officer now directly owns 37,848 shares in the company, valued at $13,359,965.52. The disclosure for this sale can be found here. In the last three months, insiders sold 34,125 shares of company stock valued at $12,065,100. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wells Fargo & Company lifted their target price on Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Barclays increased their price target on Hubbell from $340.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Hubbell in a research report on Monday, March 11th. They set a “hold” rating and a $427.00 price objective for the company. Finally, Mizuho increased their target price on Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and a consensus price target of $383.57.

Hubbell Stock Up 0.1 %

HUBB opened at $398.55 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.01. Hubbell Incorporated has a 12 month low of $248.37 and a 12 month high of $429.61. The stock’s 50 day moving average price is $394.11 and its 200 day moving average price is $341.52. The stock has a market cap of $21.37 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.38 and a beta of 0.94.

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

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $1.22 per share. The ex-dividend date was Wednesday, February 28th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.22%. Hubbell’s dividend payout ratio (DPR) is 34.73%.

Hubbell Company 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.