Breed s Hill Capital LLC Takes $256,000 Position in Hubbell Incorporated (NYSE:HUBB)

Breed s Hill Capital LLC bought a new position in shares of Hubbell Incorporated (NYSE:HUBB) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 777 shares of the industrial products company’s stock, valued at approximately $256,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in shares of Hubbell by 127.5% during the fourth quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 51 shares during the period. Baillie Gifford & Co. bought a new position in Hubbell during the 4th quarter worth $33,000. Sentry Investment Management LLC acquired a new position in Hubbell during the 4th quarter worth about $91,000. Grove Bank & Trust lifted its holdings in Hubbell by 14.3% during 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. Finally, Blue Trust Inc. grew its position in shares of Hubbell by 43.2% in the 4th quarter. Blue Trust Inc. now owns 424 shares of the industrial products company’s stock valued at $133,000 after buying an additional 128 shares during the last quarter. 88.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Hubbell from $435.00 to $397.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hubbell in a research note on Monday, March 11th. They set a “hold” rating and a $427.00 target price for the company. StockNews.com cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays decreased their target price on Hubbell from $400.00 to $384.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Finally, Mizuho increased their price target on Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. 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 a consensus price target of $386.57.

Hubbell Stock Up 3.2 %

Shares of HUBB traded up $12.54 during trading hours on Thursday, reaching $408.91. The stock had a trading volume of 526,426 shares, compared to its average volume of 431,007. The company has a market capitalization of $21.93 billion, a price-to-earnings ratio of 30.52, a P/E/G ratio of 1.47 and a beta of 0.96. The firm has a 50-day simple moving average of $399.44 and a 200 day simple moving average of $347.82. The company has a current ratio of 1.66, a quick ratio of 1.03 and a debt-to-equity ratio of 0.64. Hubbell Incorporated has a 12 month low of $248.37 and a 12 month high of $429.61.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data 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. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company earned $3.61 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Equities research analysts predict that Hubbell Incorporated will post 16.35 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Mark Eugene Mikes sold 1,837 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $358.16, for a total transaction of $657,939.92. Following the transaction, the insider now directly owns 5,296 shares of the company’s stock, valued at $1,896,815.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Neal J. Keating acquired 500 shares of the stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $378.77 per share, with a total value of $189,385.00. Following the completion of the transaction, the director now owns 8,571 shares in the company, valued at approximately $3,246,437.67. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Eugene Mikes sold 1,837 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $358.16, for a total transaction of $657,939.92. Following the transaction, the insider now directly owns 5,296 shares of the company’s stock, valued at $1,896,815.36. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

About Hubbell

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.