Schroder Investment Management Group Purchases 3,912 Shares of Hubbell Incorporated (NYSE:HUBB)

Schroder Investment Management Group increased its holdings in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,758 shares of the industrial products company's stock after acquiring an additional 3,912 shares during the period. Schroder Investment Management Group owned about 0.12% of Hubbell worth $26,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUBB. Allianz SE acquired a new stake in Hubbell in the 4th quarter valued at about $436,000. Allstate Corp bought a new stake in shares of Hubbell during the fourth quarter valued at approximately $644,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Hubbell by 230.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 52,830 shares of the industrial products company's stock valued at $22,130,000 after purchasing an additional 36,829 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new position in Hubbell in the 4th quarter worth approximately $371,000. Finally, Norges Bank acquired a new position in Hubbell during the 4th quarter worth $195,218,000. 88.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of the firm's stock in a transaction that occurred 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 directly owns 4,327 shares in the company, valued at approximately $1,683,462.62. This trade represents a 21.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by company insiders.

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Hubbell Trading Down 1.8 %

HUBB traded down $5.66 during midday trading on Friday, reaching $315.69. 1,202,137 shares of the company were exchanged, compared to its average volume of 499,847. The stock has a market capitalization of $16.94 billion, a P/E ratio of 21.98, a PEG ratio of 1.34 and a beta of 0.95. Hubbell Incorporated has a one year low of $299.36 and a one year high of $481.35. The stock's 50-day simple moving average is $370.54 and its 200 day simple moving average is $416.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.64.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings data 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 net margin of 13.82% and a return on equity of 28.62%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm earned $3.69 EPS. Hubbell's quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts forecast that Hubbell Incorporated will post 17.63 earnings per share for the current fiscal year.

Hubbell announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, February 28th. Hubbell's dividend payout ratio is currently 36.77%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HUBB. StockNews.com raised Hubbell from a "hold" rating to a "buy" rating in a research note on Thursday. Wells Fargo & Company lowered their price objective on Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Finally, Barclays cut their target price on shares of Hubbell from $422.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $462.13.

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.