Bahl & Gaynor Inc. Has $43.53 Million Stock Holdings in Hubbell Incorporated (NYSE:HUBB)

Bahl & Gaynor Inc. lifted its holdings in Hubbell Incorporated (NYSE:HUBB) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 132,331 shares of the industrial products company’s stock after acquiring an additional 2,933 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Hubbell were worth $43,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HUBB. IFP Advisors Inc boosted its position in shares of Hubbell by 330.4% in the third quarter. IFP Advisors Inc now owns 1,244 shares of the industrial products company’s stock worth $390,000 after buying an additional 955 shares during the period. Capital Investment Advisors LLC acquired a new stake in Hubbell during the third quarter valued at $262,000. Founders Financial Securities LLC acquired a new stake in Hubbell during the third quarter valued at $219,000. Exchange Traded Concepts LLC boosted its position in Hubbell by 273.6% during the third quarter. Exchange Traded Concepts LLC now owns 2,197 shares of the industrial products company’s stock valued at $689,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Hubbell by 3.3% during the third quarter. Asset Management One Co. Ltd. now owns 30,037 shares of the industrial products company’s stock valued at $9,414,000 after purchasing an additional 954 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Up 1.3 %

Hubbell stock opened at $407.53 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.64. The business’s 50-day simple moving average is $395.96 and its 200-day simple moving average is $342.63. The firm has a market capitalization of $21.86 billion, a PE ratio of 29.01, a PEG ratio of 2.45 and a beta of 0.94. Hubbell Incorporated has a 52 week low of $248.37 and a 52 week high of $429.61.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HUBB. Barclays lifted their price objective on Hubbell from $340.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Mizuho lifted their price objective on Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Wells Fargo & Company lifted their price objective on Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. StockNews.com cut Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Hubbell in a research report on Monday, March 11th. They issued a “hold” rating and a $427.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $383.57.

Insider Transactions at Hubbell

In related news, VP Nero Jonathan M. Del sold 1,098 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $352.74, for a total transaction of $387,308.52. Following the transaction, the vice president now directly owns 3,646 shares in the company, valued at $1,286,090.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Mark Eugene Mikes sold 1,837 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $358.16, for a total transaction of $657,939.92. Following the transaction, the insider now directly owns 5,296 shares in the company, valued at $1,896,815.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nero Jonathan M. Del sold 1,098 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.74, for a total value of $387,308.52. Following the transaction, the vice president now owns 3,646 shares in the company, valued at $1,286,090.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,125 shares of company stock worth $12,065,100. Company insiders own 0.66% of the company’s stock.

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.