Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Hubbell Incorporated (NYSE:HUBB)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Hubbell Incorporated (NYSE:HUBB) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,584 shares of the industrial products company’s stock after purchasing an additional 543 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Hubbell were worth $3,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Nvwm LLC purchased a new stake in Hubbell during the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in Hubbell by 1,850.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 74 shares during the period. Principal Securities Inc. purchased a new position in Hubbell during the fourth quarter valued at $40,000. Riverview Trust Co bought a new stake in Hubbell during the first quarter valued at about $52,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Hubbell in the first quarter worth about $56,000. Institutional investors own 88.16% of the company’s stock.

Hubbell Trading Up 3.1 %

Shares of HUBB stock opened at $422.54 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $22.68 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 1.44 and a beta of 0.90. Hubbell Incorporated has a 12-month low of $248.37 and a 12-month high of $429.61. The stock’s 50-day moving average price is $380.87 and its 200-day moving average price is $388.39.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.13. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. Hubbell had a return on equity of 28.98% and a net margin of 13.14%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.07 EPS. Equities research analysts predict that Hubbell Incorporated will post 16.45 EPS for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $1.22 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.15%. Hubbell’s payout ratio is currently 36.39%.

Insider Transactions at Hubbell

In related news, CEO Gerben Bakker sold 15,677 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $374.34, for a total value of $5,868,528.18. Following the completion of the transaction, the chief executive officer now owns 66,415 shares of the company’s stock, valued at approximately $24,861,791.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Gerben Bakker sold 15,677 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $374.34, for a total transaction of $5,868,528.18. Following the transaction, the chief executive officer now owns 66,415 shares of the company’s stock, valued at approximately $24,861,791.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carlos M. Cardoso sold 450 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $364.54, for a total value of $164,043.00. Following the completion of the sale, the director now owns 1,670 shares of the company’s stock, valued at $608,781.80. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of recent research reports. Barclays cut their price objective on Hubbell from $384.00 to $368.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 31st. Wells Fargo & Company increased their price objective on shares of Hubbell from $397.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Morgan Stanley began coverage on shares of Hubbell in a report on Friday, September 6th. They issued an “equal weight” rating and a $407.00 target price for the company. JPMorgan Chase & Co. raised their price target on Hubbell from $383.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised Hubbell from a “hold” rating to a “buy” rating and upped their price objective for the stock from $431.00 to $441.00 in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus price target of $404.88.

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.