Consolidated Planning Corp Buys 96 Shares of Hubbell Incorporated (NYSE:HUBB)

Consolidated Planning Corp increased its stake in shares of Hubbell Incorporated (NYSE:HUBB) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,803 shares of the industrial products company’s stock after purchasing an additional 96 shares during the quarter. Consolidated Planning Corp’s holdings in Hubbell were worth $922,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HUBB. North Star Asset Management Inc. boosted its holdings in Hubbell by 1.5% during the 3rd quarter. North Star Asset Management Inc. now owns 2,381 shares of the industrial products company’s stock valued at $746,000 after acquiring an additional 36 shares during the period. Xponance Inc. boosted its holdings in Hubbell by 0.4% during the 4th quarter. Xponance Inc. now owns 9,140 shares of the industrial products company’s stock valued at $3,006,000 after acquiring an additional 36 shares during the period. Lindenwold Advisors INC boosted its holdings in Hubbell by 1.6% during the 3rd quarter. Lindenwold Advisors INC now owns 2,584 shares of the industrial products company’s stock valued at $810,000 after acquiring an additional 41 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Hubbell by 2.4% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,924 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 45 shares during the period. Finally, Grove Bank & Trust lifted its holdings in shares of Hubbell by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 400 shares of the industrial products company’s stock worth $125,000 after buying an additional 50 shares during the period. Institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

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

Hubbell Stock Up 1.3 %

NYSE:HUBB traded up $5.26 during mid-day trading on Friday, hitting $407.53. 359,603 shares of the company’s stock traded hands, compared to its average volume of 352,773. The company has a fifty day moving average of $395.96 and a 200 day moving average of $342.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.64. The company has a market capitalization of $21.86 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.45 and a beta of 0.94. Hubbell Incorporated has a twelve month low of $248.37 and a twelve month high of $429.61.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.11. The business 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 revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.60 earnings per share. On average, analysts forecast that Hubbell Incorporated will post 16.43 EPS for the current year.

Insider Activity

In other news, CEO Gerben Bakker sold 13,355 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $353.13, for a total value of $4,716,051.15. Following the sale, the chief executive officer now owns 51,783 shares in the company, valued at $18,286,130.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Hubbell news, CEO Gerben Bakker sold 13,355 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 51,783 shares in the company, valued at $18,286,130.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William R. Sperry sold 14,925 shares of the stock in a transaction that occurred on 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 owns 37,848 shares in the company, valued at approximately $13,359,965.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,125 shares of company stock valued at $12,065,100. Company insiders own 0.66% of the company’s stock.

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.