Robeco Institutional Asset Management B.V. Buys 1,402 Shares of Hubbell Inc (NYSE:HUBB)

Robeco Institutional Asset Management B.V. lifted its position in Hubbell Inc (NYSE:HUBB - Free Report) by 7.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,213 shares of the industrial products company's stock after purchasing an additional 1,402 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Hubbell were worth $6,689,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HUBB. Creative Financial Designs Inc. ADV raised its holdings in shares of Hubbell by 85.7% in the fourth 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 last quarter. Johnson Financial Group Inc. grew its position in Hubbell by 166.7% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock valued at $44,000 after buying an additional 65 shares during the period. NBC Securities Inc. purchased a new stake in shares of Hubbell in the first quarter valued at approximately $49,000. CX Institutional purchased a new position in shares of Hubbell during the 1st quarter valued at approximately $49,000. Finally, Intact Investment Management Inc. acquired a new stake in Hubbell in the 1st quarter worth about $66,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Hubbell Stock Up 1.1%

Shares of Hubbell stock traded up $4.72 on Wednesday, hitting $415.23. 381,523 shares of the company's stock traded hands, compared to its average volume of 532,841. The stock has a market cap of $22.16 billion, a P/E ratio of 28.09, a PEG ratio of 1.44 and a beta of 0.99. The firm's 50-day moving average is $384.47 and its 200 day moving average is $383.99. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Hubbell Inc has a 52-week low of $299.43 and a 52-week high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. Hubbell had a net margin of 14.29% and a return on equity of 27.68%. Hubbell's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.60 EPS. Equities analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

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

Insider Transactions at Hubbell

In related news, CEO Gerben Bakker sold 7,723 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $384.63, for a total value of $2,970,497.49. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Carlos M. Cardoso sold 400 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $386.29, for a total transaction of $154,516.00. Following the completion of the sale, the director directly owned 1,727 shares in the company, valued at approximately $667,122.83. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on HUBB shares. Wells Fargo & Company set a $420.00 target price on shares of Hubbell and gave the stock an "equal weight" rating in a research note on Tuesday. Barclays lifted their price target on shares of Hubbell from $400.00 to $414.00 and gave the stock an "equal weight" rating in a research note on Monday, June 9th. JPMorgan Chase & Co. increased their target price on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Hubbell from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $455.50.

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.