HTLF Bank Invests $987,000 in Hubbell Incorporated (NYSE:HUBB)

HTLF Bank purchased a new position in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,000 shares of the industrial products company's stock, valued at approximately $987,000.

Other hedge funds also recently modified their holdings of the company. First Manhattan Co. purchased a new stake in Hubbell during the first quarter valued at about $28,000. Baillie Gifford & Co. purchased a new stake in shares of Hubbell during the 4th quarter valued at approximately $33,000. Atlas Capital Advisors LLC bought a new position in Hubbell in the 4th quarter worth approximately $40,000. Coppell Advisory Solutions Corp. purchased a new position in Hubbell in the 4th quarter valued at approximately $47,000. Finally, Coppell Advisory Solutions LLC bought a new stake in Hubbell during the 2nd quarter valued at $50,000. Institutional investors own 88.16% of the company's stock.

Hubbell Price Performance

Hubbell stock traded down $3.99 during mid-day trading on Friday, hitting $388.29. 354,622 shares of the company traded hands, compared to its average volume of 409,290. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.64. Hubbell Incorporated has a one year low of $229.83 and a one year high of $429.61. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. The stock has a fifty day moving average price of $391.31 and a 200-day moving average price of $338.83.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.11. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.60 earnings per share. On average, equities analysts predict that Hubbell Incorporated will post 16.43 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.26%. Hubbell's dividend payout ratio is 34.73%.

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 1,837 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $358.16, for a total transaction of $657,939.92. Following the transaction, the insider now directly owns 5,296 shares in the company, valued at $1,896,815.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hubbell news, insider Mark Eugene Mikes sold 1,837 shares of the business's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $358.16, for a total value of $657,939.92. Following the completion of the sale, the insider now directly owns 5,296 shares of the company's stock, valued at $1,896,815.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nero Jonathan M. Del sold 1,098 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.74, for a total value of $387,308.52. Following the completion of the sale, the vice president now directly owns 3,646 shares of the company's stock, valued at approximately $1,286,090.04. The disclosure for this sale can be found here. Insiders sold 34,125 shares of company stock worth $12,065,100 in the last quarter. 0.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HUBB shares. StockNews.com cut Hubbell from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Wells Fargo & Company upped their price target on Hubbell from $351.00 to $360.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 31st. Mizuho raised their price objective on shares of Hubbell from $370.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Barclays boosted their price objective on shares of Hubbell from $340.00 to $400.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hubbell in a research note on Monday, March 11th. They issued a "hold" rating and a $427.00 target price on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $383.57.

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.