Vontobel Holding Ltd. Purchases 12,844 Shares of Hubbell Inc (NYSE:HUBB)

Vontobel Holding Ltd. lifted its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 17.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,892 shares of the industrial products company's stock after buying an additional 12,844 shares during the quarter. Vontobel Holding Ltd. owned about 0.16% of Hubbell worth $28,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank lifted its stake in Hubbell by 3.0% in the fourth quarter. Huntington National Bank now owns 886 shares of the industrial products company's stock valued at $371,000 after buying an additional 26 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in shares of Hubbell by 0.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 6,515 shares of the industrial products company's stock worth $2,757,000 after buying an additional 26 shares during the period. Mindset Wealth Management LLC increased its stake in shares of Hubbell by 1.7% in the 4th quarter. Mindset Wealth Management LLC now owns 1,655 shares of the industrial products company's stock valued at $693,000 after acquiring an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of Hubbell by 85.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 65 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 30 shares during the period. Finally, Smartleaf Asset Management LLC raised its position 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 acquiring an additional 38 shares during the period. 88.16% of the stock is owned by institutional investors.

Hubbell Stock Down 0.1%

Shares of Hubbell stock traded down $0.31 on Thursday, hitting $414.82. The company had a trading volume of 315,849 shares, compared to its average volume of 532,765. The stock has a 50-day moving average of $385.54 and a 200-day moving average of $383.71. 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 twelve month low of $299.43 and a twelve month high of $481.35. The firm has a market capitalization of $22.14 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.45 and a beta of 0.99.

Hubbell (NYSE:HUBB - Get Free Report) last posted 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). The company had revenue of $1.37 billion during 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%. The company's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.60 earnings per share. Research analysts predict that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company set a $420.00 price target on shares of Hubbell and gave the stock an "equal weight" rating in a research report on Tuesday. Wall Street Zen lowered shares of Hubbell from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Finally, Barclays raised their price objective on Hubbell from $400.00 to $414.00 and gave the stock an "equal weight" rating in a research note on Monday, June 9th. Six equities 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 a consensus rating of "Hold" and an average target price of $455.50.

Insider Activity

In related news, Director Carlos M. Cardoso sold 400 shares of the 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 transaction, the director directly owned 1,727 shares in the company, valued at approximately $667,122.83. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerben Bakker sold 7,723 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 82,101 shares in the company, valued at $31,578,507.63. The trade was a 8.60% decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

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.