985 Shares in Hubbell Incorporated (NYSE:HUBB) Acquired by Davis R M Inc.

Davis R M Inc. bought a new position in Hubbell Incorporated (NYSE:HUBB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 985 shares of the industrial products company’s stock, valued at approximately $409,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Trust N.A. lifted its stake in shares of Hubbell by 167.2% during the 4th quarter. Raymond James Trust N.A. now owns 2,445 shares of the industrial products company’s stock valued at $804,000 after buying an additional 1,530 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Hubbell by 4.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,773 shares of the industrial products company’s stock valued at $583,000 after buying an additional 69 shares in the last quarter. LVW Advisors LLC purchased a new position in shares of Hubbell during the 4th quarter valued at $286,000. Financiere des Professionnels Fonds d investissement inc. lifted its stake in shares of Hubbell by 23.9% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 17,096 shares of the industrial products company’s stock valued at $5,623,000 after buying an additional 3,293 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Hubbell by 8.1% during the 4th quarter. Raymond James & Associates now owns 51,069 shares of the industrial products company’s stock valued at $16,798,000 after buying an additional 3,815 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Insider Transactions at Hubbell

In related news, insider Alyssa R. Flynn sold 1,106 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $406.79, for a total value of $449,909.74. Following the transaction, the insider now owns 4,234 shares of the company’s stock, valued at $1,722,348.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Neal J. Keating acquired 500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $378.77 per share, with a total value of $189,385.00. Following the completion of the purchase, the director now directly owns 8,571 shares in the company, valued at $3,246,437.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alyssa R. Flynn sold 1,106 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $406.79, for a total value of $449,909.74. Following the completion of the transaction, the insider now directly owns 4,234 shares in the company, valued at approximately $1,722,348.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,055 shares of company stock worth $1,232,139. 0.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HUBB has been the topic of a number of research reports. Wells Fargo & Company reduced their price target on shares of Hubbell from $435.00 to $397.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. Barclays decreased their price objective on Hubbell from $400.00 to $384.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $386.57.

Hubbell Trading Up 1.2 %

Shares of NYSE HUBB traded up $4.38 during midday trading on Tuesday, hitting $383.64. The company’s stock had a trading volume of 182,279 shares, compared to its average volume of 457,341. 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 business’s 50 day moving average is $381.82 and its two-hundred day moving average is $378.18. Hubbell Incorporated has a 12-month low of $248.37 and a 12-month high of $429.61. The firm has a market cap of $20.60 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.54 by $0.06. Hubbell had a return on equity of 29.55% and a net margin of 13.23%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business posted $3.61 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts expect that Hubbell Incorporated will post 16.33 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were issued a $1.22 dividend. The ex-dividend date was Friday, May 31st. This represents a $4.88 annualized dividend and a dividend yield of 1.27%. Hubbell’s payout ratio is 36.39%.

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.