Capital Asset Advisory Services LLC purchased a new stake in Hubbell Incorporated (NYSE:HUBB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 738 shares of the industrial products company’s stock, valued at approximately $116,000.

A number of other large investors have also bought and sold shares of the business. UBS Asset Management Americas Inc. raised its position in shares of Hubbell by 10.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 97,879 shares of the industrial products company’s stock worth $15,346,000 after acquiring an additional 8,863 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hubbell by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 576,361 shares of the industrial products company’s stock worth $90,367,000 after acquiring an additional 2,804 shares during the period. Virtu Financial LLC raised its position in shares of Hubbell by 44.1% in the fourth quarter. Virtu Financial LLC now owns 2,646 shares of the industrial products company’s stock worth $415,000 after acquiring an additional 810 shares during the period. JPMorgan Chase & Co. raised its position in shares of Hubbell by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,483,179 shares of the industrial products company’s stock worth $232,549,000 after acquiring an additional 48,857 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new position in shares of Hubbell in the fourth quarter worth about $229,000. 84.44% of the stock is currently owned by institutional investors.

In related news, VP Stephen M. Mais sold 1,080 shares of the company’s stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $166.63, for a total transaction of $179,960.40. Following the completion of the sale, the vice president now owns 14,981 shares of the company’s stock, valued at approximately $2,496,284.03. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stephen M. Mais sold 3,216 shares of the company’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $163.74, for a total transaction of $526,587.84. Following the sale, the vice president now directly owns 22,617 shares of the company’s stock, valued at approximately $3,703,307.58. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

A number of research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Hubbell from $178.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 3rd. Zacks Investment Research upgraded shares of Hubbell from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research report on Friday, March 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $165.17.

HUBB opened at $187.78 on Thursday. Hubbell Incorporated has a twelve month low of $105.34 and a twelve month high of $196.05. The company has a quick ratio of 1.33, a current ratio of 2.07 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $182.65 and a 200 day moving average price of $162.02. The company has a market cap of $10.20 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 2.71 and a beta of 1.19.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Monday, February 1st. The industrial products company reported $1.76 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.01). Hubbell had a return on equity of 21.38% and a net margin of 8.75%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $1.91 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Hubbell Incorporated will post 7.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Friday, February 26th were given a dividend of $0.98 per share. The ex-dividend date was Thursday, February 25th. This represents a $3.92 annualized dividend and a dividend yield of 2.09%. Hubbell’s dividend payout ratio (DPR) is presently 48.28%.

Hubbell Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company operates through two segments, Electrical Solution and Utility Solution. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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 for the natural gas distribution market.

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Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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