Banque Cantonale Vaudoise Buys 840 Shares of Hubbell Incorporated (NYSE:HUBB)

Banque Cantonale Vaudoise boosted its stake in Hubbell Incorporated (NYSE:HUBB) by 118.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,552 shares of the industrial products company’s stock after purchasing an additional 840 shares during the period. Banque Cantonale Vaudoise’s holdings in Hubbell were worth $643,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HUBB. Vanguard Group Inc. increased its stake in shares of Hubbell by 15.9% in the fourth quarter. Vanguard Group Inc. now owns 6,696,582 shares of the industrial products company’s stock valued at $2,202,707,000 after buying an additional 918,808 shares during the period. International Assets Investment Management LLC raised its stake in shares of Hubbell by 32,734.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,472,949 shares of the industrial products company’s stock valued at $484,497,000 after acquiring an additional 1,468,463 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Hubbell by 24.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,268,560 shares of the industrial products company’s stock worth $417,267,000 after purchasing an additional 248,493 shares during the period. FIL Ltd grew its stake in shares of Hubbell by 0.6% in the fourth quarter. FIL Ltd now owns 1,115,510 shares of the industrial products company’s stock worth $366,925,000 after purchasing an additional 6,526 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Hubbell by 6.5% in the third quarter. Northern Trust Corp now owns 558,234 shares of the industrial products company’s stock worth $174,956,000 after purchasing an additional 34,022 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insiders Place Their Bets

In other news, insider Alyssa R. Flynn sold 1,106 shares of Hubbell stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $406.79, for a total transaction of $449,909.74. Following the completion of the transaction, the insider now directly owns 4,234 shares in the company, valued at $1,722,348.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Alyssa R. Flynn sold 1,106 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $406.79, for a total transaction of $449,909.74. Following the completion of the sale, the insider now owns 4,234 shares in the company, valued at $1,722,348.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Neal J. Keating purchased 500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $378.77 per share, for a total transaction of $189,385.00. Following the completion of the transaction, the director now directly owns 8,571 shares of the company’s stock, valued at $3,246,437.67. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 3,055 shares of company stock worth $1,232,139. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

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

Hubbell Stock Performance

NYSE:HUBB opened at $377.39 on Friday. Hubbell Incorporated has a twelve month low of $248.37 and a twelve month high of $429.61. The company has a quick ratio of 1.03, a current ratio of 1.66 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $20.26 billion, a P/E ratio of 28.14, a P/E/G ratio of 1.47 and a beta of 0.94. The company has a fifty day moving average of $390.40 and a 200-day moving average of $370.17.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $3.60 EPS for the quarter, beating 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 company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $3.61 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hubbell Incorporated will post 16.33 EPS for the current year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were paid a dividend of $1.22 per share. The ex-dividend date was Friday, May 31st. This represents a $4.88 dividend on an annualized basis and a yield of 1.29%. Hubbell’s dividend payout ratio (DPR) is presently 36.39%.

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.