Everpar Advisors LLC Makes New Investment in Hubbell Incorporated (NYSE:HUBB)

Everpar Advisors LLC bought a new stake in Hubbell Incorporated (NYSE:HUBB) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 471 shares of the industrial products company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBB. GAMMA Investing LLC lifted its position in shares of Hubbell by 84.7% in the 3rd quarter. GAMMA Investing LLC now owns 157 shares of the industrial products company’s stock worth $67,000 after buying an additional 72 shares during the last quarter. Czech National Bank grew its holdings in Hubbell by 6.9% in the 3rd quarter. Czech National Bank now owns 10,935 shares of the industrial products company’s stock worth $4,684,000 after buying an additional 705 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hubbell during the second quarter valued at $294,000. Sanctuary Advisors LLC bought a new stake in shares of Hubbell during the 2nd quarter worth about $2,176,000. Finally, Cetera Investment Advisers raised its holdings in Hubbell by 8.2% during the second quarter. Cetera Investment Advisers now owns 6,484 shares of the industrial products company’s stock worth $2,370,000 after purchasing an additional 493 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insider Activity at Hubbell

In other Hubbell news, Director Carlos M. Cardoso sold 450 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $364.54, for a total transaction of $164,043.00. Following the completion of the sale, the director now owns 1,670 shares in the company, valued at approximately $608,781.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 transaction of $164,043.00. Following the sale, the director now owns 1,670 shares of the company’s stock, valued at approximately $608,781.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gerben Bakker sold 15,677 shares of the firm’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 sale, the chief executive officer now owns 66,415 shares in the company, valued at $24,861,791.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $441.11 on Wednesday. The firm has a market capitalization of $23.68 billion, a PE ratio of 32.89, a PEG ratio of 1.56 and a beta of 0.90. 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 business’s 50 day moving average is $395.66 and its 200-day moving average is $391.16. Hubbell Incorporated has a 1-year low of $248.37 and a 1-year high of $442.36.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.13. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Hubbell had a return on equity of 28.98% and a net margin of 13.14%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.07 earnings per share. Sell-side analysts predict that Hubbell Incorporated will post 16.45 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, August 30th. Hubbell’s dividend payout ratio is currently 36.39%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Hubbell from $383.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Barclays increased their target price on shares of Hubbell from $368.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft raised Hubbell from a “hold” rating to a “buy” rating and boosted their price target for the company from $431.00 to $441.00 in a research note on Friday, September 6th. Morgan Stanley started coverage on shares of Hubbell in a research report on Friday, September 6th. They set an “equal weight” rating and a $407.00 target price on the stock. Finally, Stephens reissued an “overweight” rating and issued a $450.00 price target on shares of Hubbell in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $414.50.

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.