Mitsubishi UFJ Trust & Banking Corp Has $13.15 Million Holdings in Hubbell Incorporated (NYSE:HUBB)

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,402 shares of the industrial products company's stock after purchasing an additional 846 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Hubbell worth $13,154,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Hubbell by 12.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 228 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 25 shares during the period. JGP Wealth Management LLC boosted its holdings in shares of Hubbell by 1.2% in the fourth quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company's stock valued at $884,000 after buying an additional 26 shares during the period. Sanctuary Advisors LLC increased its position in shares of Hubbell by 0.5% during the fourth quarter. Sanctuary Advisors LLC now owns 5,422 shares of the industrial products company's stock worth $2,313,000 after acquiring an additional 27 shares in the last quarter. Mindset Wealth Management LLC raised its holdings in shares of Hubbell by 1.7% during the fourth quarter. Mindset Wealth Management LLC now owns 1,655 shares of the industrial products company's stock worth $693,000 after acquiring an additional 27 shares during the period. Finally, BHK Investment Advisors LLC lifted its position in Hubbell by 2.3% in the 4th quarter. BHK Investment Advisors LLC now owns 1,351 shares of the industrial products company's stock valued at $566,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 88.16% of the company's stock.

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Hubbell Price Performance

Shares of NYSE HUBB traded up $6.41 during midday trading on Wednesday, reaching $339.27. The company's stock had a trading volume of 92,237 shares, compared to its average volume of 492,559. The company has a market cap of $18.21 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.34 and a beta of 0.94. Hubbell Incorporated has a fifty-two week low of $316.34 and a fifty-two week high of $481.35. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.64. The business's 50 day moving average price is $375.48 and its two-hundred day moving average price is $417.88.

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 (EPS) 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 business posted $3.69 EPS. The firm's revenue for the quarter was down .9% on a year-over-year basis. On average, analysts forecast that Hubbell Incorporated will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.56%. Hubbell's payout ratio is presently 36.77%.

Hubbell declared that its Board of Directors has initiated a share 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 purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HUBB shares. Barclays cut their price target on Hubbell from $422.00 to $400.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Wells Fargo & Company decreased their target price on shares of Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Finally, StockNews.com lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Hubbell has an average rating of "Hold" and an average price target of $462.13.

Insider Activity

In other news, insider Alyssa R. Flynn sold 1,164 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was 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. The trade was a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.66% of the stock is owned by corporate insiders.

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.