3,825 Shares in Hubbell Incorporated (NYSE:HUBB) Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. purchased a new stake in Hubbell Incorporated (NYSE:HUBB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,825 shares of the industrial products company's stock, valued at approximately $1,258,000.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of Hubbell by 6.9% in the third quarter. Commonwealth Equity Services LLC now owns 11,056 shares of the industrial products company's stock valued at $3,465,000 after purchasing an additional 713 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Hubbell by 50.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,630 shares of the industrial products company's stock worth $2,705,000 after buying an additional 2,886 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Hubbell by 8.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 9,410 shares of the industrial products company's stock valued at $2,949,000 after acquiring an additional 711 shares in the last quarter. Monument Capital Management increased its position in shares of Hubbell by 850.2% during the third quarter. Monument Capital Management now owns 9,169 shares of the industrial products company's stock valued at $2,874,000 after acquiring an additional 8,204 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Hubbell by 155.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,649 shares of the industrial products company's stock worth $16,501,000 after acquiring an additional 32,040 shares during the period. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Stock Performance

Shares of NYSE HUBB traded up $6.95 during mid-day trading on Friday, hitting $379.89. The company had a trading volume of 433,697 shares, compared to its average volume of 487,446. The stock's 50-day moving average price is $398.06 and its 200-day moving average price is $345.57. The company has a market capitalization of $20.37 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 1.44 and a beta of 0.96. The company has a current ratio of 1.66, a quick ratio of 1.01 and a debt-to-equity ratio of 0.64. Hubbell Incorporated has a 1 year low of $248.37 and a 1 year high of $429.61.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share for the quarter, beating analysts' consensus estimates of $3.54 by $0.06. Hubbell had a return on equity of 29.55% and a net margin of 13.23%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm earned $3.61 EPS. The company's quarterly revenue was up 8.8% compared to the same quarter last year. On average, sell-side analysts forecast that Hubbell Incorporated will post 16.41 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.28%. Hubbell's dividend payout ratio (DPR) is currently 36.39%.

Insider Transactions at Hubbell

In related news, insider Mark Eugene Mikes sold 397 shares of Hubbell stock in a transaction on Monday, February 12th. The stock was sold at an average price of $363.45, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Katherine Anne Lane sold 1,468 shares of the firm's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $352.51, for a total transaction of $517,484.68. Following the sale, the vice president now owns 9,355 shares in the company, valued at approximately $3,297,731.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark Eugene Mikes sold 397 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $363.45, for a total transaction of $144,289.65. Following the completion of the transaction, the insider now owns 4,899 shares of the company's stock, valued at $1,780,541.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,747 shares of company stock valued at $1,693,364. 0.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HUBB. Wells Fargo & Company cut their price target on shares of Hubbell from $435.00 to $397.00 and set an "equal weight" rating on the stock in a report on Wednesday. StockNews.com lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, February 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 price objective on the stock. Mizuho boosted their target price on Hubbell from $370.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. Finally, Barclays dropped their price target on Hubbell from $400.00 to $384.00 and set an "equal weight" rating on the stock in a research report on Thursday. 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $386.57.

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.