Curi RMB Capital LLC Increases Stock Holdings in Hubbell Incorporated (NYSE:HUBB)

Curi RMB Capital LLC grew its holdings in Hubbell Incorporated (NYSE:HUBB - Free Report) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,937 shares of the industrial products company's stock after purchasing an additional 4,703 shares during the quarter. Curi RMB Capital LLC owned about 0.05% of Hubbell worth $11,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HUBB. Creative Financial Designs Inc. ADV lifted its holdings 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 worth $27,000 after purchasing an additional 30 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in Hubbell during the fourth quarter worth $30,000. Versant Capital Management Inc raised its holdings in Hubbell by 64.6% during the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company's stock worth $33,000 after buying an additional 31 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Hubbell by 69.7% in the fourth quarter. Venturi Wealth Management LLC now owns 129 shares of the industrial products company's stock valued at $54,000 after buying an additional 53 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Hubbell during the fourth quarter valued at about $69,000. Institutional investors own 88.16% of the company's stock.

Hubbell Stock Performance

Hubbell stock traded up $15.05 during trading on Thursday, hitting $361.00. The stock had a trading volume of 470,413 shares, compared to its average volume of 682,168. The company has a quick ratio of 0.98, a current ratio of 1.64 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average is $347.94 and its two-hundred day moving average is $407.23. Hubbell Incorporated has a 1 year low of $299.42 and a 1 year high of $481.35. The stock has a market cap of $19.37 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.08. Hubbell had a return on equity of 28.62% and a net margin of 13.82%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the company earned $3.69 EPS. The firm's quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts predict that Hubbell Incorporated will post 17.63 EPS for the current year.

Hubbell declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, February 28th. Hubbell's dividend payout ratio (DPR) is currently 36.77%.

Insider Activity at Hubbell

In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $389.06, for a total transaction of $452,865.84. Following the sale, the insider now owns 4,327 shares of the company's stock, valued at $1,683,462.62. The trade was a 21.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on HUBB shares. StockNews.com cut shares of Hubbell from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company dropped their target price on Hubbell from $455.00 to $450.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on Hubbell from $430.00 to $352.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Barclays dropped their price objective on Hubbell from $422.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $449.38.

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.