Hubbell Incorporated (NYSE:HUBB) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its position in Hubbell Incorporated (NYSE:HUBB - Free Report) by 26.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,358 shares of the industrial products company's stock after selling 11,269 shares during the period. Epoch Investment Partners Inc. owned about 0.06% of Hubbell worth $13,136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HUBB. Creative Financial Designs Inc. ADV grew its position in Hubbell by 85.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 65 shares of the industrial products company's stock worth $27,000 after buying an additional 30 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Hubbell during the 4th quarter valued at about $30,000. Versant Capital Management Inc raised its stake in shares of Hubbell by 64.6% in the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company's stock worth $33,000 after purchasing an additional 31 shares during the last quarter. Venturi Wealth Management LLC grew 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 worth $54,000 after acquiring an additional 53 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in shares of Hubbell in the fourth quarter worth $69,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Insider Activity

In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $389.06, for a total transaction of $452,865.84. Following the transaction, the insider now directly owns 4,327 shares in the company, valued at approximately $1,683,462.62. This represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.66% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on HUBB shares. JPMorgan Chase & Co. reduced their target price on shares of Hubbell from $430.00 to $352.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. StockNews.com lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company cut their price target on Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Finally, Barclays decreased 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $449.38.

Hubbell Price Performance

HUBB traded up $15.05 during trading on Thursday, hitting $361.00. The company's stock had a trading volume of 470,413 shares, compared to its average volume of 682,168. The firm has a market capitalization 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. Hubbell Incorporated has a twelve month low of $299.42 and a twelve month high of $481.35. The business's fifty day simple moving average is $347.94 and its 200 day simple moving average is $407.23. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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

Hubbell declared that its Board of Directors has approved a stock repurchase 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 board believes its stock is undervalued.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $1.32 dividend. 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 1.46%. Hubbell's payout ratio is currently 36.77%.

Hubbell Company 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.