Benjamin F. Edwards & Company Inc. Grows Position in Hubbell Incorporated (NYSE:HUBB)

Benjamin F. Edwards & Company Inc. boosted its stake in shares of Hubbell Incorporated (NYSE:HUBB) by 32.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 886 shares of the industrial products company’s stock after acquiring an additional 218 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Hubbell were worth $291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in shares of Hubbell by 6.9% in the third quarter. Commonwealth Equity Services LLC now owns 11,056 shares of the industrial products company’s stock worth $3,465,000 after purchasing an additional 713 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Hubbell by 50.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,630 shares of the industrial products company’s stock valued at $2,705,000 after purchasing an additional 2,886 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Hubbell by 8.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 9,410 shares of the industrial products company’s stock valued at $2,949,000 after purchasing an additional 711 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Hubbell by 10.7% during the third quarter. IFM Investors Pty Ltd now owns 11,868 shares of the industrial products company’s stock valued at $3,720,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Advisor Partners II LLC increased its holdings in shares of Hubbell by 7.0% in the 3rd quarter. Advisor Partners II LLC now owns 2,006 shares of the industrial products company’s stock worth $629,000 after buying an additional 131 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HUBB has been the topic of several analyst reports. Mizuho boosted their price objective on Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Hubbell in a research report on Monday, March 11th. They set a “hold” rating and a $427.00 target price on the stock. Wells Fargo & Company lowered their price target 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. StockNews.com cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Barclays lowered their target price 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $386.57.

Hubbell Price Performance

Hubbell stock opened at $408.91 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.66 and a quick ratio of 1.03. The stock has a market cap of $21.93 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 1.47 and a beta of 0.96. The firm has a 50-day moving average of $400.01 and a two-hundred day moving average of $348.25. Hubbell Incorporated has a 1 year low of $248.37 and a 1 year high of $429.61.

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

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $1.22 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $4.88 annualized dividend and a dividend yield of 1.19%. Hubbell’s payout ratio is currently 36.39%.

Insider Buying and Selling

In other Hubbell news, Director Neal J. Keating purchased 500 shares of Hubbell stock in a transaction dated Friday, May 3rd. The stock was acquired 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Mark Eugene Mikes sold 397 shares of Hubbell 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 owns 4,899 shares of the company’s stock, valued at approximately $1,780,541.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Neal J. Keating acquired 500 shares of Hubbell stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $378.77 per share, with a total value of $189,385.00. Following the purchase, the director now owns 8,571 shares in the company, valued at $3,246,437.67. The disclosure for this purchase can be found here. 0.78% of the stock is owned by insiders.

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.