Hubbell Inc (NYSE:HUBB) Shares Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lifted its holdings in Hubbell Inc (NYSE:HUBB - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,485 shares of the industrial products company's stock after acquiring an additional 1,665 shares during the period. Hudson Edge Investment Partners Inc.'s holdings in Hubbell were worth $5,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Hubbell during the fourth quarter valued at about $195,218,000. Marshall Wace LLP boosted its holdings in shares of Hubbell by 418.1% in the fourth quarter. Marshall Wace LLP now owns 307,050 shares of the industrial products company's stock worth $128,620,000 after acquiring an additional 247,786 shares during the period. Bain Capital Public Equity Management II LLC bought a new position in Hubbell in the 4th quarter worth about $95,868,000. GAMMA Investing LLC boosted its stake in Hubbell by 52,429.8% in the 1st quarter. GAMMA Investing LLC now owns 192,259 shares of the industrial products company's stock worth $636,200,000 after purchasing an additional 191,893 shares during the period. Finally, PointState Capital LP bought a new position in Hubbell in the 4th quarter worth about $78,443,000. Institutional investors own 88.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HUBB shares. Wells Fargo & Company set a $420.00 price target on Hubbell and gave the company an "equal weight" rating in a research report on Tuesday. Wall Street Zen lowered Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Barclays boosted their target price on Hubbell from $400.00 to $414.00 and gave the stock an "equal weight" rating in a research report on Monday, June 9th. Finally, JPMorgan Chase & Co. boosted their target price on Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research report 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 MarketBeat.com, Hubbell has a consensus rating of "Hold" and a consensus target price of $455.50.

Hubbell Stock Performance

NYSE HUBB traded down $0.31 during trading hours on Thursday, hitting $414.82. The company's stock had a trading volume of 315,849 shares, compared to its average volume of 532,765. Hubbell Inc has a 12 month low of $299.43 and a 12 month high of $481.35. The company's 50 day simple moving average is $385.54 and its two-hundred day simple moving average is $383.71. The company has a market cap of $22.14 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.73.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings data 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 period in the previous year, the firm earned $3.60 EPS. The business's revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $1.32 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.28 annualized dividend and a yield of 1.27%. Hubbell's payout ratio is 35.72%.

Insider Activity at Hubbell

In related news, Director Carlos M. Cardoso sold 400 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $386.29, for a total value of $154,516.00. Following the completion of the sale, the director directly owned 1,727 shares in the company, valued at $667,122.83. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerben Bakker sold 7,723 shares of the firm's stock in a transaction dated 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 directly owned 82,101 shares of the company's stock, valued at approximately $31,578,507.63. The trade was a 8.60% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

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.