Quadrature Capital Ltd Has $4.96 Million Stake in Hubbell Incorporated (NYSE:HUBB)

Quadrature Capital Ltd grew its stake in shares of Hubbell Incorporated (NYSE:HUBBFree Report) by 45.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,070 shares of the industrial products company’s stock after purchasing an additional 4,704 shares during the period. Quadrature Capital Ltd’s holdings in Hubbell were worth $4,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in shares of Hubbell by 1,850.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 74 shares in the last quarter. Lindbrook Capital LLC increased its position 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 acquiring an additional 51 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of Hubbell during the fourth quarter worth about $33,000. Principal Securities Inc. bought a new stake in shares of Hubbell during the fourth quarter worth about $40,000. Finally, TFO Wealth Partners LLC increased its position in shares of Hubbell by 13,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 266 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 264 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

HUBB has been the subject of several recent research reports. Mizuho boosted their target price on shares of Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Barclays reduced their price objective on shares of Hubbell from $400.00 to $384.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hubbell in a research report on Monday, March 11th. They issued a “hold” rating and a $427.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Hubbell from $435.00 to $397.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $386.57.

Read Our Latest Stock Report on HUBB

Insiders Place Their Bets

In other news, insider Mark Eugene Mikes sold 1,942 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $401.34, for a total value of $779,402.28. Following the transaction, the insider now owns 3,436 shares of the company’s stock, valued at approximately $1,379,004.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Mark Eugene Mikes sold 1,942 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $401.34, for a total transaction of $779,402.28. Following the transaction, the insider now owns 3,436 shares of the company’s stock, valued at approximately $1,379,004.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Neal J. Keating bought 500 shares of Hubbell stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost 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 disclosure for this purchase can be found here. Insiders have sold 3,055 shares of company stock worth $1,232,139 in the last three months. 0.66% of the stock is currently owned by corporate insiders.

Hubbell Stock Performance

Shares of HUBB stock traded up $0.74 during trading on Friday, reaching $366.68. 564,349 shares of the company’s stock traded hands, compared to its average volume of 430,586. The company has a market capitalization of $19.69 billion, a P/E ratio of 27.34, a PEG ratio of 1.42 and a beta of 0.94. The company has a current ratio of 1.66, a quick ratio of 1.03 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average is $397.04 and its 200 day moving average is $364.13. Hubbell Incorporated has a 1 year low of $248.37 and a 1 year high of $429.61.

Hubbell (NYSE:HUBBGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.06. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. Hubbell’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.61 EPS. Equities research analysts expect that Hubbell Incorporated will post 16.33 EPS for the current year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 31st. Hubbell’s dividend payout ratio is presently 36.39%.

Hubbell Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

Receive News & Ratings for Hubbell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hubbell and related companies with MarketBeat.com's FREE daily email newsletter.