Hubbell Inc (NYSE:HUBB) Stake Held by OLD Mutual Customised Solutions Proprietary Ltd.
OLD Mutual Customised Solutions Proprietary Ltd. held its position in shares of Hubbell Inc (NYSE:HUBB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the industrial products company’s stock at the end of the first quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Hubbell were worth $132,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in Hubbell during the fourth quarter worth about $3,511,000. Dimensional Fund Advisors LP increased its stake in Hubbell by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 335,162 shares of the industrial products company’s stock worth $39,115,000 after buying an additional 1,658 shares during the period. Envestnet Asset Management Inc. increased its stake in Hubbell by 49.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,918 shares of the industrial products company’s stock worth $457,000 after buying an additional 1,289 shares during the period. GSA Capital Partners LLP acquired a new stake in Hubbell during the fourth quarter worth about $368,000. Finally, Two Sigma Investments LP increased its stake in Hubbell by 194.2% in the fourth quarter. Two Sigma Investments LP now owns 17,652 shares of the industrial products company’s stock worth $2,060,000 after buying an additional 11,651 shares during the period. 85.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hubbell Inc (HUBB) traded down 0.20% during trading on Thursday, reaching $119.20. 228,700 shares of the company were exchanged. The firm’s 50 day moving average price is $115.70 and its 200 day moving average price is $117.66. The company has a market capitalization of $6.52 billion, a PE ratio of 22.62 and a beta of 1.01. Hubbell Inc has a one year low of $101.15 and a one year high of $125.93.
Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.11. Hubbell had a return on equity of 19.77% and a net margin of 8.23%. The firm had revenue of $948.30 million during the quarter, compared to analyst estimates of $937.35 million. During the same period last year, the firm posted $1.53 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Hubbell Inc will post $5.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.35%. The ex-dividend date is Tuesday, August 29th. Hubbell’s dividend payout ratio (DPR) is currently 53.03%.
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HUBB has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. JMP Securities began coverage on shares of Hubbell in a report on Monday, June 19th. They set a “market perform” rating on the stock. Finally, Wolfe Research began coverage on shares of Hubbell in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Hubbell has a consensus rating of “Hold” and a consensus price target of $126.67.
Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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