TT International Asset Management LTD Has $1.36 Million Position in Hubbell Inc (NYSE:HUBB)

TT International Asset Management LTD grew its holdings in Hubbell Inc (NYSE:HUBB - Free Report) by 4,718.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,096 shares of the industrial products company's stock after buying an additional 4,011 shares during the quarter. TT International Asset Management LTD's holdings in Hubbell were worth $1,355,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its holdings in Hubbell by 85.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 65 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 30 shares during the last quarter. Johnson Financial Group Inc. increased its position in Hubbell by 166.7% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock worth $44,000 after purchasing an additional 65 shares in the last quarter. NBC Securities Inc. acquired a new position in Hubbell in the 1st quarter valued at about $49,000. CX Institutional purchased a new position in Hubbell in the 1st quarter valued at about $49,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Hubbell by 69.7% during the fourth quarter. Venturi Wealth Management LLC now owns 129 shares of the industrial products company's stock worth $54,000 after buying an additional 53 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hubbell Trading Up 2.3%

NYSE HUBB traded up $8.89 during mid-day trading on Tuesday, hitting $403.58. The company's stock had a trading volume of 526,977 shares, compared to its average volume of 539,254. The firm has a market capitalization of $21.54 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.38 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 Inc has a 52-week low of $299.43 and a 52-week high of $481.35. The stock's fifty day simple moving average is $376.16 and its two-hundred day simple moving average is $385.40.

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 analysts' consensus estimates of $3.73 by ($0.23). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. Hubbell had a return on equity of 27.68% and a net margin of 14.29%. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.60 EPS. Research analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, May 30th. Hubbell's dividend payout ratio (DPR) is 35.72%.

Insider Activity at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 7,723 shares of Hubbell stock in a transaction on Wednesday, May 14th. The shares were 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 owns 82,101 shares of the company's stock, valued at $31,578,507.63. This trade represents a 8.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carlos M. Cardoso sold 400 shares of the 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 sale, the director now owns 1,727 shares of the company's stock, valued at approximately $667,122.83. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Hubbell Company 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.