Hubbell Inc (NYSE:HUBB) Shares Acquired by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its position in Hubbell Inc (NYSE:HUBB - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,974 shares of the industrial products company's stock after buying an additional 4,117 shares during the quarter. Boston Trust Walden Corp owned 0.56% of Hubbell worth $99,595,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HUBB. Smartleaf Asset Management LLC raised its stake in shares of Hubbell by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 38 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Hubbell by 21.1% in the 1st quarter. UMB Bank n.a. now owns 322 shares of the industrial products company's stock valued at $107,000 after purchasing an additional 56 shares in the last quarter. CX Institutional acquired a new stake in shares of Hubbell in the 1st quarter valued at about $49,000. Atria Wealth Solutions Inc. raised its stake in shares of Hubbell by 4.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,838 shares of the industrial products company's stock valued at $770,000 after purchasing an additional 82 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Hubbell by 1.8% in the 4th quarter. Janus Henderson Group PLC now owns 7,130 shares of the industrial products company's stock valued at $2,988,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Hubbell from $400.00 to $414.00 and gave the company an "equal weight" rating in a research note on Monday, June 9th. Wall Street Zen lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $459.25.

Insiders Place Their Bets

In other news, Director Carlos M. Cardoso sold 400 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $386.29, for a total value of $154,516.00. Following the completion of the sale, the director now directly owns 1,727 shares of the company's stock, valued at approximately $667,122.83. This represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gerben Bakker sold 7,723 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $384.63, for a total transaction of $2,970,497.49. Following the completion of the sale, the chief executive officer now directly owns 82,101 shares of the company's stock, valued at approximately $31,578,507.63. This represents a 8.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

Hubbell Stock Performance

Shares of NYSE:HUBB traded down $3.47 during trading on Friday, reaching $395.26. 756,921 shares of the company's stock traded hands, compared to its average volume of 538,797. Hubbell Inc has a 12 month low of $299.43 and a 12 month high of $481.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.73. The stock has a market capitalization of $21.10 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. The company has a 50 day moving average of $374.12 and a 200-day moving average of $386.88.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $3.50 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.23). Hubbell had a return on equity of 27.68% and a net margin of 14.29%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company posted $3.60 EPS. Hubbell's revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.34%. The ex-dividend date was Friday, May 30th. Hubbell's dividend payout ratio (DPR) is 35.72%.

Hubbell 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.