Fullcircle Wealth LLC bought a new position in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 704 shares of the industrial products company's stock, valued at approximately $252,000.
A number of other large investors have also recently modified their holdings of the business. Creative Financial Designs Inc. ADV increased its position in 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 purchasing an additional 30 shares in the last quarter. Tsfg LLC acquired a new position in shares of Hubbell during the first quarter worth $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 acquiring an additional 65 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Hubbell during the 1st quarter valued at $49,000. Finally, CX Institutional bought a new stake in Hubbell during the 1st quarter worth $49,000. Institutional investors and hedge funds own 88.16% of the company's stock.
Hubbell Trading Down 0.5%
HUBB opened at $412.70 on Tuesday. Hubbell Inc has a twelve month low of $299.43 and a twelve month high of $481.35. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $387.73 and a 200-day moving average of $382.86. The stock has a market cap of $22.03 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99.
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 for the quarter, missing analysts' consensus estimates of $3.73 by ($0.23). Hubbell had a return on equity of 27.68% and a net margin of 14.29%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business posted $3.60 earnings per share. The business's revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts predict that Hubbell Inc will post 17.63 EPS for the current year.
Hubbell Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, May 30th. Hubbell's dividend payout ratio (DPR) is 35.72%.
Analyst Ratings Changes
A number of brokerages have recently commented on HUBB. JPMorgan Chase & Co. lifted their price target on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Barclays boosted their target price on shares of Hubbell from $400.00 to $414.00 and gave the stock an "equal weight" rating in a report on Monday, June 9th. Wall Street Zen cut shares of Hubbell from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company set a $420.00 price target on shares of Hubbell and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $455.50.
View Our Latest Analysis on HUBB
Insider Activity at Hubbell
In other news, Director Carlos M. Cardoso sold 400 shares of the firm'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 transaction of $154,516.00. Following the completion of the sale, the director owned 1,727 shares of the company's stock, valued at $667,122.83. This trade represents a 18.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gerben Bakker sold 7,723 shares of the firm's stock in a transaction 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 owned 82,101 shares of the company's stock, valued at $31,578,507.63. The trade was a 8.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.76% of the company's stock.
Hubbell Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding HUBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hubbell Inc (NYSE:HUBB - Free Report).

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