Hubbell Incorporated (NYSE:HUBB) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its holdings in shares of Hubbell Incorporated (NYSE:HUBB) by 127.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91 shares of the industrial products company’s stock after buying an additional 51 shares during the period. Lindbrook Capital LLC’s holdings in Hubbell were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HUBB. International Assets Investment Management LLC increased its position in Hubbell by 32,734.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,472,949 shares of the industrial products company’s stock valued at $484,497,000 after buying an additional 1,468,463 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Hubbell by 46.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,020,067 shares of the industrial products company’s stock valued at $319,699,000 after buying an additional 323,116 shares in the last quarter. abrdn plc increased its position in Hubbell by 2,167.6% during the 4th quarter. abrdn plc now owns 206,643 shares of the industrial products company’s stock valued at $67,971,000 after buying an additional 197,530 shares in the last quarter. Fiera Capital Corp purchased a new stake in Hubbell during the 3rd quarter valued at about $39,502,000. Finally, Invesco Ltd. grew its stake in Hubbell by 10.7% during the 3rd quarter. Invesco Ltd. now owns 1,195,043 shares of the industrial products company’s stock valued at $374,538,000 after purchasing an additional 115,886 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hubbell news, VP Nero Jonathan M. Del sold 1,098 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total transaction of $387,308.52. Following the transaction, the vice president now owns 3,646 shares in the company, valued at $1,286,090.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hubbell news, VP Nero Jonathan M. Del sold 1,098 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total transaction of $387,308.52. Following the completion of the transaction, the vice president now owns 3,646 shares of the company’s stock, valued at $1,286,090.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Eugene Mikes sold 397 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $363.45, for a total value of $144,289.65. Following the transaction, the insider now directly owns 4,899 shares of the company’s stock, valued at approximately $1,780,541.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,125 shares of company stock worth $12,065,100. 0.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HUBB. Barclays boosted their price target on Hubbell from $340.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company boosted their price target on Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on Hubbell in a research note on Monday, March 11th. They set a “hold” rating and a $427.00 price target on the stock. Mizuho boosted their price target on Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, StockNews.com downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and an average price target of $383.57.

Hubbell Stock Up 1.3 %

Shares of HUBB opened at $407.53 on Friday. The company has a market capitalization of $21.86 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.43 and a beta of 0.94. The stock’s 50-day moving average price is $395.96 and its 200-day moving average price is $342.63. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. Hubbell Incorporated has a 52 week low of $248.37 and a 52 week high of $429.61.

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

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.