AEGON ASSET MANAGEMENT UK Plc Has $12.78 Million Stake in Hubbell Incorporated (NYSE:HUBB)

AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,852 shares of the industrial products company's stock after acquiring an additional 2,565 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.06% of Hubbell worth $12,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HUBB. Principal Financial Group Inc. lifted its stake in Hubbell by 7.1% in the third quarter. Principal Financial Group Inc. now owns 229,210 shares of the industrial products company's stock valued at $98,187,000 after acquiring an additional 15,215 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Hubbell by 3.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,280 shares of the industrial products company's stock valued at $548,000 after purchasing an additional 38 shares in the last quarter. Pittenger & Anderson Inc. acquired a new stake in shares of Hubbell in the 3rd quarter valued at $129,000. Impax Asset Management Group plc boosted its holdings in Hubbell by 30.3% in the third quarter. Impax Asset Management Group plc now owns 1,202,455 shares of the industrial products company's stock worth $514,377,000 after purchasing an additional 279,654 shares in the last quarter. Finally, Arlington Capital Management Inc. acquired a new position in Hubbell during the third quarter worth $651,000. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Price Performance

NYSE:HUBB traded up $0.95 during trading hours on Friday, reaching $467.93. The company had a trading volume of 387,617 shares, compared to its average volume of 400,745. The firm has a market capitalization of $25.11 billion, a PE ratio of 33.71, a PEG ratio of 1.76 and a beta of 0.90. The stock has a 50-day moving average of $427.99 and a two-hundred day moving average of $397.96. Hubbell Incorporated has a one year low of $281.45 and a one year high of $481.35. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

Hubbell (NYSE:HUBB - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, topping the consensus estimate of $4.47 by $0.02. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the firm earned $3.95 earnings per share. The company's quarterly revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Hubbell Incorporated will post 16.47 earnings per share for the current year.

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Hubbell's previous quarterly dividend of $1.22. Hubbell's dividend payout ratio (DPR) is presently 38.04%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HUBB shares. Sanford C. Bernstein began coverage on Hubbell in a report on Tuesday. They set an "outperform" rating and a $535.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Hubbell from a "hold" rating to a "buy" rating and raised their target price for the company from $431.00 to $441.00 in a research note on Friday, September 6th. Mizuho boosted their target price on shares of Hubbell from $450.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Morgan Stanley raised their price target on Hubbell from $407.00 to $445.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price objective on Hubbell from $445.00 to $455.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hubbell has a consensus rating of "Moderate Buy" and an average target price of $445.56.

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.