Epoch Investment Partners Inc. Trims Stake in Hubbell Incorporated (NYSE:HUBB)

Epoch Investment Partners Inc. lessened its holdings in Hubbell Incorporated (NYSE:HUBB) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,630 shares of the industrial products company’s stock after selling 1,267 shares during the period. Epoch Investment Partners Inc. owned 0.09% of Hubbell worth $17,408,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its holdings in shares of Hubbell by 4.1% in the 1st quarter. Nordea Investment Management AB now owns 160,085 shares of the industrial products company’s stock valued at $66,571,000 after acquiring an additional 6,275 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in Hubbell in the fourth quarter valued at approximately $1,258,000. Focus Financial Network Inc. ADV bought a new stake in Hubbell during the fourth quarter valued at approximately $636,000. TD Asset Management Inc grew its stake in Hubbell by 343.8% in the 4th quarter. TD Asset Management Inc now owns 43,785 shares of the industrial products company’s stock worth $14,402,000 after buying an additional 33,920 shares in the last quarter. Finally, IFG Advisory LLC bought a new position in shares of Hubbell in the 2nd quarter worth $475,000. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Up 0.8 %

Shares of NYSE HUBB opened at $426.01 on Monday. The company has a market cap of $22.87 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.44 and a beta of 0.90. The company has a quick ratio of 1.13, a current ratio of 1.81 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $381.79 and its 200 day moving average is $388.71. Hubbell Incorporated has a 52 week low of $248.37 and a 52 week high of $429.61.

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

Hubbell Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HUBB. Stephens reiterated an “overweight” rating and issued a $450.00 target price on shares of Hubbell in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upgraded 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 report on Friday, September 6th. Morgan Stanley assumed coverage on Hubbell in a report on Friday, September 6th. They set an “equal weight” rating and a $407.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Hubbell from $383.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Barclays decreased their price target on shares of Hubbell from $384.00 to $368.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $404.88.

Insider Buying and Selling

In other news, Director Carlos M. Cardoso sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were 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 directly owns 1,670 shares of the company’s stock, valued at approximately $608,781.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Carlos M. Cardoso sold 450 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $364.54, for a total value of $164,043.00. Following the completion of the transaction, the director now directly owns 1,670 shares of the company’s stock, valued at $608,781.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gerben Bakker sold 15,677 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 66,415 shares of the company’s stock, valued at $24,861,791.10. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

Hubbell Company 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.