HTLF Bank Buys Shares of 3,000 Hubbell Incorporated (NYSE:HUBB)

HTLF Bank bought a new position in shares of Hubbell Incorporated (NYSE:HUBB) during the fourth quarter, Holdings Channel reports. The fund bought 3,000 shares of the industrial products company’s stock, valued at approximately $987,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Calamos Advisors LLC bought a new stake in Hubbell during the 4th quarter worth approximately $3,083,000. Xponance Inc. lifted its position in shares of Hubbell by 0.4% in the 4th quarter. Xponance Inc. now owns 9,140 shares of the industrial products company’s stock worth $3,006,000 after purchasing an additional 36 shares during the period. Federated Hermes Inc. lifted its position in shares of Hubbell by 126.5% in the 4th quarter. Federated Hermes Inc. now owns 21,101 shares of the industrial products company’s stock worth $6,941,000 after purchasing an additional 11,784 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Hubbell by 13.6% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,022 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 122 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of Hubbell by 3.9% in the 4th quarter. Avior Wealth Management LLC now owns 2,101 shares of the industrial products company’s stock worth $691,000 after purchasing an additional 79 shares during the period. 88.16% of the stock is owned by institutional investors.

Insider Buying and Selling at Hubbell

In other Hubbell news, CFO William R. Sperry sold 14,925 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the sale, the chief financial officer now directly owns 37,848 shares of the company’s stock, valued at $13,359,965.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Hubbell news, CFO William R. Sperry sold 14,925 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the sale, the chief financial officer now directly owns 37,848 shares of the company’s stock, valued at $13,359,965.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Katherine Anne Lane sold 1,468 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $352.51, for a total transaction of $517,484.68. Following the completion of the sale, the vice president now directly owns 9,355 shares in the company, valued at $3,297,731.05. The disclosure for this sale can be found here. Insiders have sold a total of 34,125 shares of company stock valued at $12,065,100 over the last three months. 0.66% of the stock is currently owned by insiders.

Hubbell Stock Down 0.6 %

Shares of NYSE HUBB traded down $2.18 during trading on Friday, hitting $390.10. The stock had a trading volume of 61,053 shares, compared to its average volume of 405,285. Hubbell Incorporated has a 12 month low of $229.83 and a 12 month high of $429.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.01. The company has a market capitalization of $20.92 billion, a PE ratio of 27.93, a PEG ratio of 2.38 and a beta of 0.94. The firm has a fifty day moving average of $391.31 and a two-hundred day moving average of $338.83.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.11. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.60 earnings per share. As a group, equities research analysts forecast that Hubbell Incorporated will post 16.43 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, February 28th. Hubbell’s dividend payout ratio (DPR) is presently 34.73%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HUBB shares. Wells Fargo & Company boosted their price target on shares of Hubbell from $351.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. StockNews.com downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays boosted their target price on shares of Hubbell from $340.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Mizuho boosted their target price on shares of Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Hubbell in a report on Monday, March 11th. They set a “hold” rating and a $427.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and five 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 $383.57.

Hubbell Company 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.