Hubbell Incorporated (NYSE:HUBB) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its holdings in Hubbell Incorporated (NYSE:HUBB) by 20.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 278 shares of the industrial products company’s stock after purchasing an additional 47 shares during the quarter. Signaturefd LLC’s holdings in Hubbell were worth $119,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HUBB. Impax Asset Management Group plc increased its stake in shares of Hubbell by 53.8% during the second quarter. Impax Asset Management Group plc now owns 922,801 shares of the industrial products company’s stock worth $336,984,000 after acquiring an additional 322,728 shares during the period. Bank of New York Mellon Corp boosted its holdings in Hubbell by 16.7% during the second quarter. Bank of New York Mellon Corp now owns 2,035,596 shares of the industrial products company’s stock worth $743,970,000 after buying an additional 291,850 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Hubbell by 16.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,980,456 shares of the industrial products company’s stock worth $821,989,000 after buying an additional 286,134 shares in the last quarter. Ceredex Value Advisors LLC boosted its holdings in Hubbell by 60.9% during the second quarter. Ceredex Value Advisors LLC now owns 204,720 shares of the industrial products company’s stock worth $74,821,000 after buying an additional 77,500 shares in the last quarter. Finally, Covea Finance boosted its holdings in Hubbell by 187.5% during the third quarter. Covea Finance now owns 99,200 shares of the industrial products company’s stock worth $42,492,000 after buying an additional 64,700 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hubbell

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on HUBB shares. Wells Fargo & Company boosted their price objective on shares of Hubbell from $400.00 to $445.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Stephens reissued an “overweight” rating and set a $450.00 price objective on shares of Hubbell in a report on Friday, August 2nd. Mizuho upped their price target on shares of Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised shares of Hubbell from a “hold” rating to a “buy” rating and upped their price target for the company from $431.00 to $441.00 in a report on Friday, September 6th. Finally, Barclays upped their price target on shares of Hubbell from $368.00 to $400.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $428.13.

Hubbell Price Performance

HUBB opened at $449.67 on Tuesday. The company has a fifty day simple moving average of $415.95 and a 200 day simple moving average of $394.58. The firm has a market cap of $24.14 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 1.66 and a beta of 0.90. Hubbell Incorporated has a twelve month low of $248.37 and a twelve month high of $461.77. The company has a current ratio of 1.81, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Hubbell (NYSE:HUBB) last released 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. Hubbell had a net margin of 13.14% and a return on equity of 28.98%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business earned $4.07 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that Hubbell Incorporated will post 16.43 EPS for the current fiscal year.

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.17%. This is an increase from Hubbell’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, November 29th. Hubbell’s dividend payout ratio is 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.