Hubbell Incorporated (NYSE:HUBB) Position Increased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its stake in shares of Hubbell Incorporated (NYSE:HUBB) by 23.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,011 shares of the industrial products company’s stock after purchasing an additional 195 shares during the period. Meeder Advisory Services Inc.’s holdings in Hubbell were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HUBB. CWM LLC raised its holdings in shares of Hubbell by 2.2% during the second quarter. CWM LLC now owns 1,319 shares of the industrial products company’s stock valued at $482,000 after acquiring an additional 28 shares during the period. Detalus Advisors LLC raised its stake in Hubbell by 3.0% during the 2nd quarter. Detalus Advisors LLC now owns 1,030 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 30 shares during the period. Savant Capital LLC lifted its holdings in shares of Hubbell by 2.6% in the second quarter. Savant Capital LLC now owns 1,205 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Hubbell by 23.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 184 shares of the industrial products company’s stock worth $67,000 after buying an additional 35 shares during the period. Finally, Tectonic Advisors LLC grew its holdings in shares of Hubbell by 4.0% during the first quarter. Tectonic Advisors LLC now owns 946 shares of the industrial products company’s stock valued at $393,000 after buying an additional 36 shares in the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hubbell news, Director Carlos M. Cardoso sold 450 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 1,670 shares of the company’s stock, valued at approximately $608,781.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Hubbell news, Director Carlos M. Cardoso sold 450 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $364.54, for a total value of $164,043.00. Following the sale, the director now directly owns 1,670 shares in the company, valued at approximately $608,781.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerben Bakker sold 15,677 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were 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 directly owns 66,415 shares of the company’s stock, valued at approximately $24,861,791.10. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

Hubbell Stock Up 1.4 %

Shares of Hubbell stock opened at $404.63 on Monday. Hubbell Incorporated has a 12-month low of $248.37 and a 12-month high of $429.61. The stock has a market capitalization of $21.72 billion, a P/E ratio of 30.17, 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 stock has a 50 day moving average price of $377.87 and a two-hundred day moving average price of $387.61.

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

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.21%. Hubbell’s payout ratio is presently 36.39%.

Analyst Ratings Changes

A number of brokerages have commented on HUBB. Wells Fargo & Company raised their price objective on Hubbell from $397.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Stephens reaffirmed an “overweight” rating and set a $450.00 price objective on shares of Hubbell in a research report on Friday, August 2nd. Morgan Stanley started coverage on shares of Hubbell in a research report on Friday, September 6th. They issued an “equal weight” rating and a $407.00 target price for the company. Barclays dropped 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. Finally, Deutsche Bank Aktiengesellschaft raised Hubbell from a “hold” rating to a “buy” rating and lifted their price objective for the company from $431.00 to $441.00 in a research report 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $404.88.

About Hubbell

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.