Hubbell Incorporated (NYSE:HUBB) Position Increased by Natixis

Natixis boosted its position in Hubbell Incorporated (NYSE:HUBB - Free Report) by 4,634.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,938 shares of the industrial products company's stock after acquiring an additional 18,538 shares during the period. Natixis' holdings in Hubbell were worth $7,933,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HUBB. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Hubbell by 12.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 228 shares of the industrial products company's stock worth $96,000 after purchasing an additional 25 shares during the last quarter. JGP Wealth Management LLC lifted its position in Hubbell by 1.2% during the fourth quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company's stock worth $884,000 after buying an additional 26 shares during the period. Huntington National Bank boosted its stake in Hubbell by 3.0% in the 4th quarter. Huntington National Bank now owns 886 shares of the industrial products company's stock worth $371,000 after buying an additional 26 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Hubbell by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 5,422 shares of the industrial products company's stock valued at $2,313,000 after buying an additional 27 shares during the period. Finally, Mindset Wealth Management LLC increased its stake in shares of Hubbell by 1.7% during the 4th quarter. Mindset Wealth Management LLC now owns 1,655 shares of the industrial products company's stock valued at $693,000 after acquiring an additional 27 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

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 completion of the sale, the insider now owns 4,327 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 0.66% of the stock is owned by company insiders.

Hubbell Stock Up 4.4 %

Shares of HUBB traded up $15.05 during mid-day trading on Thursday, reaching $361.00. 470,471 shares of the stock traded hands, compared to its average volume of 520,194. Hubbell Incorporated has a 12-month low of $299.43 and a 12-month high of $481.35. 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 firm has a market cap of $19.37 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 1.34 and a beta of 0.95. The stock has a fifty day simple moving average of $347.94 and a 200 day simple moving average of $407.23.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.02 by $0.08. Hubbell had a return on equity of 28.62% and a net margin of 13.82%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company earned $3.69 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts expect that Hubbell Incorporated will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed 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 was Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a yield of 1.46%. Hubbell's dividend payout ratio (DPR) is 36.77%.

Hubbell announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 12th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to buy up to 2.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

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.