Hubbell Incorporated (NYSE:HUBB) Stock Holdings Lifted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Hubbell Incorporated (NYSE:HUBB) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,979 shares of the industrial products company’s stock after purchasing an additional 154 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hubbell were worth $2,505,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Hubbell by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 118,058 shares of the industrial products company’s stock valued at $49,453,000 after purchasing an additional 1,435 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. increased its position in Hubbell by 15.5% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 2,766 shares of the industrial products company’s stock worth $1,159,000 after buying an additional 372 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hubbell by 37.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,887 shares of the industrial products company’s stock worth $2,067,000 after buying an additional 1,325 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Hubbell by 10.2% during the 4th quarter. Yousif Capital Management LLC now owns 7,608 shares of the industrial products company’s stock worth $3,187,000 after acquiring an additional 703 shares in the last quarter. Finally, Guidance Capital Inc. bought a new stake in shares of Hubbell during the 4th quarter worth about $873,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Price Performance

Hubbell stock opened at $399.94 on Tuesday. The business’s fifty day moving average is $433.34 and its two-hundred day moving average is $422.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.64. The firm has a market cap of $21.47 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.36 and a beta of 0.92. Hubbell Incorporated has a 52 week low of $346.13 and a 52 week high of $481.35.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.08. Hubbell had a net margin of 13.82% and a return on equity of 28.62%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm earned $3.69 EPS. The company’s revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Hubbell Incorporated will post 17.63 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, March 17th. Investors of record on Friday, February 28th will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, February 28th. Hubbell’s dividend payout ratio is currently 36.77%.

Analyst Ratings Changes

Several research analysts recently issued reports on HUBB shares. Morgan Stanley increased their price target on shares of Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered Hubbell from a “buy” rating to a “hold” rating and decreased their price target for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. Mizuho lifted their price objective on Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, StockNews.com downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $471.50.

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.