Westfield Capital Management Co. LP Has $93.49 Million Stock Holdings in Hubbell Incorporated (NYSE:HUBB)

Westfield Capital Management Co. LP decreased its position in shares of Hubbell Incorporated (NYSE:HUBB) by 33.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 284,235 shares of the industrial products company’s stock after selling 140,660 shares during the period. Westfield Capital Management Co. LP owned about 0.53% of Hubbell worth $93,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in Hubbell by 1,850.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Hubbell by 127.5% in the 4th quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 51 shares during the last quarter. Baillie Gifford & Co. bought a new position in shares of Hubbell during the fourth quarter valued at $33,000. Principal Securities Inc. bought a new position in shares of Hubbell during the fourth quarter valued at $40,000. Finally, Sentry Investment Management LLC bought a new position in shares of Hubbell during the fourth quarter valued at $91,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insider Activity

In other Hubbell news, Director Neal J. Keating acquired 500 shares of Hubbell stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of $378.77 per share, for a total transaction of $189,385.00. Following the completion of the acquisition, the director now directly owns 8,571 shares of the company’s stock, valued at $3,246,437.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Hubbell news, insider Mark Eugene Mikes sold 1,942 shares of Hubbell stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $401.34, for a total value of $779,402.28. Following the sale, the insider now owns 3,436 shares of the company’s stock, valued at $1,379,004.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Neal J. Keating acquired 500 shares of the stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of $378.77 per share, for a total transaction of $189,385.00. Following the transaction, the director now owns 8,571 shares of the company’s stock, valued at approximately $3,246,437.67. The disclosure for this purchase can be found here. Insiders sold 3,055 shares of company stock worth $1,232,139 over the last three months. 0.66% of the stock is currently owned by insiders.

Hubbell Stock Up 3.1 %

NYSE:HUBB traded up $12.39 during trading hours on Friday, reaching $413.00. The company had a trading volume of 346,289 shares, compared to its average volume of 494,658. The company has a quick ratio of 1.03, a current ratio of 1.66 and a debt-to-equity ratio of 0.64. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.60 and a beta of 0.96. The business’s 50-day simple moving average is $402.15 and its two-hundred day simple moving average is $358.08. Hubbell Incorporated has a twelve month low of $248.37 and a twelve month high of $429.61.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.54 by $0.06. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $3.61 earnings per share. On average, equities analysts expect that Hubbell Incorporated will post 16.33 earnings per share for the current year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, May 31st. Hubbell’s dividend payout ratio is currently 36.39%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HUBB shares. Mizuho raised their price target on shares of Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Barclays dropped their price target on shares of Hubbell from $400.00 to $384.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hubbell in a research note on Monday, March 11th. They set a “hold” rating and a $427.00 price target for the company. StockNews.com cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Hubbell from $435.00 to $397.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hubbell has an average rating of “Moderate Buy” and a consensus price target of $386.57.

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.