Hubbell Incorporated (NYSE:HUBB) Shares Acquired by First Pacific Financial

First Pacific Financial grew its holdings in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 11,180.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,692 shares of the industrial products company's stock after buying an additional 1,677 shares during the period. First Pacific Financial's holdings in Hubbell were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HUBB. OLD National Bancorp IN lifted its holdings in shares of Hubbell by 3.8% in the 3rd quarter. OLD National Bancorp IN now owns 596 shares of the industrial products company's stock valued at $255,000 after purchasing an additional 22 shares during the last quarter. JGP Wealth Management LLC lifted its holdings in shares of Hubbell by 1.2% in the 4th quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company's stock valued at $884,000 after purchasing an additional 26 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of Hubbell by 5.1% in the 3rd quarter. Avestar Capital LLC now owns 577 shares of the industrial products company's stock valued at $247,000 after purchasing an additional 28 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Hubbell by 3.2% in the 3rd quarter. Ballentine Partners LLC now owns 956 shares of the industrial products company's stock valued at $410,000 after purchasing an additional 30 shares during the last quarter. Finally, Catalyst Financial Partners LLC lifted its holdings in shares of Hubbell by 4.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 701 shares of the industrial products company's stock valued at $300,000 after purchasing an additional 31 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Up 0.8 %

NYSE HUBB traded up $3.60 during trading hours on Friday, hitting $437.52. The company had a trading volume of 375,860 shares, compared to its average volume of 293,018. Hubbell Incorporated has a fifty-two week low of $322.27 and a fifty-two week high of $481.35. The company has a market capitalization of $23.48 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 1.45 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.05. The firm's 50 day moving average is $442.54 and its 200 day moving average is $417.02.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, beating the consensus estimate of $4.47 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.48 billion. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The company's revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $3.95 earnings per share. Sell-side analysts anticipate that Hubbell Incorporated will post 16.47 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 1.21%. This is an increase from Hubbell's previous quarterly dividend of $1.22. The ex-dividend date was Friday, November 29th. Hubbell's dividend payout ratio (DPR) is 38.04%.

Insider Buying and Selling

In related news, insider Mark Eugene Mikes sold 1,144 shares of Hubbell stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $466.20, for a total value of $533,332.80. Following the completion of the transaction, the insider now directly owns 2,957 shares in the company, valued at approximately $1,378,553.40. This trade represents a 27.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.78% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HUBB shares. StockNews.com raised Hubbell from a "hold" rating to a "buy" rating in a report on Thursday. Sanford C. Bernstein began coverage on Hubbell in a research note on Tuesday, November 5th. They set an "outperform" rating and a $535.00 price objective for the company. Wells Fargo & Company reduced their price objective on Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Mizuho upped their price objective on Hubbell from $450.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Finally, Morgan Stanley upped their price objective on Hubbell from $407.00 to $445.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $471.50.

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.