Bahl & Gaynor Inc. Purchases 2,933 Shares of Hubbell Incorporated (NYSE:HUBB)

Bahl & Gaynor Inc. lifted its holdings in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 132,331 shares of the industrial products company's stock after purchasing an additional 2,933 shares during the period. Bahl & Gaynor Inc. owned 0.25% of Hubbell worth $43,528,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its holdings in Hubbell by 127.5% in the fourth quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 51 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Hubbell in the fourth quarter valued at about $33,000. Sentry Investment Management LLC acquired a new position in Hubbell in the fourth quarter valued at about $91,000. Grove Bank & Trust lifted its stake in Hubbell by 14.3% in the third quarter. Grove Bank & Trust now owns 400 shares of the industrial products company's stock valued at $125,000 after buying an additional 50 shares during the period. Finally, Blue Trust Inc. lifted its stake in Hubbell by 43.2% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the industrial products company's stock valued at $133,000 after buying an additional 128 shares during the period. Institutional investors own 88.16% of the company's stock.

Analyst Ratings Changes

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

Hubbell Price Performance

Shares of NYSE:HUBB traded up $5.26 during trading on Friday, reaching $407.53. 359,603 shares of the company traded hands, compared to its average volume of 352,773. The company's 50 day moving average is $395.96 and its two-hundred day moving average is $342.87. The firm has a market capitalization of $21.86 billion, a PE ratio of 29.01, a PEG ratio of 2.45 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. Hubbell Incorporated has a 52 week low of $248.37 and a 52 week high of $429.61.

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

Insider Buying and Selling

In other news, insider Mark Eugene Mikes sold 397 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $363.45, for a total value of $144,289.65. Following the completion of the sale, the insider now owns 4,899 shares of the company's stock, valued at $1,780,541.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Nero Jonathan M. Del sold 1,098 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total transaction of $387,308.52. Following the completion of the sale, the vice president now owns 3,646 shares of the company's stock, valued at $1,286,090.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Eugene Mikes sold 397 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $363.45, for a total value of $144,289.65. Following the sale, the insider now directly owns 4,899 shares of the company's stock, valued at approximately $1,780,541.55. The disclosure for this sale can be found here. Insiders sold a total of 34,125 shares of company stock worth $12,065,100 in the last ninety days. 0.66% of the stock is owned by insiders.

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.