Bokf Na Has $1.26 Million Holdings in Hubbell Incorporated (NYSE:HUBB)

BOKF NA grew its stake in Hubbell Incorporated (NYSE:HUBB - Free Report) by 300,200.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,003 shares of the industrial products company's stock after acquiring an additional 3,002 shares during the period. BOKF NA's holdings in Hubbell were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV grew its position in shares of Hubbell by 85.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 65 shares of the industrial products company's stock worth $27,000 after buying an additional 30 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Hubbell during the 4th quarter valued at $30,000. Johnson Financial Group Inc. lifted its stake in shares of Hubbell by 166.7% in the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 65 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Hubbell by 69.7% in the 4th quarter. Venturi Wealth Management LLC now owns 129 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 53 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of Hubbell in the 4th quarter valued at $69,000. 88.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HUBB has been the subject of several research analyst reports. StockNews.com lowered shares of Hubbell from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Barclays dropped their target price on shares of Hubbell from $422.00 to $400.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Hubbell from $430.00 to $352.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Hubbell has a consensus rating of "Hold" and a consensus price target of $449.38.

Hubbell Stock Down 0.4%

Shares of HUBB traded down $1.57 during mid-day trading on Wednesday, hitting $385.09. 265,751 shares of the company's stock were exchanged, compared to its average volume of 526,010. The company has a market cap of $20.55 billion, a PE ratio of 26.82, a P/E/G ratio of 1.34 and a beta of 0.97. Hubbell Incorporated has a 52 week low of $299.43 and a 52 week high of $481.35. The company has a 50-day simple moving average of $344.45 and a 200 day simple moving average of $398.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.64 and a quick ratio of 0.98.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $3.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.23). Hubbell had a net margin of 13.82% and a return on equity of 28.62%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm posted $3.60 earnings per share. The firm's quarterly revenue was down 2.4% on a year-over-year basis. On average, research analysts forecast that Hubbell Incorporated will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $1.32 per share. The ex-dividend date is Friday, May 30th. This represents a $5.28 annualized dividend and a yield of 1.37%. Hubbell's payout ratio is presently 35.72%.

Hubbell declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Alyssa R. Flynn sold 1,164 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $389.06, for a total value of $452,865.84. Following the completion of the sale, the insider now owns 4,327 shares of the company's stock, valued at approximately $1,683,462.62. This represents a 21.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

About Hubbell

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.