Hubbell Incorporated (NYSE:HUBB) Shares Sold by Fiera Capital Corp

Fiera Capital Corp cut its holdings in Hubbell Incorporated (NYSE:HUBB - Free Report) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,498 shares of the industrial products company's stock after selling 4,282 shares during the quarter. Fiera Capital Corp owned approximately 0.24% of Hubbell worth $54,614,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Norden Group LLC bought a new stake in Hubbell during the first quarter valued at about $261,000. Janney Montgomery Scott LLC boosted its position in Hubbell by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,710 shares of the industrial products company's stock valued at $5,276,000 after buying an additional 488 shares during the period. Jennison Associates LLC bought a new position in Hubbell in the first quarter worth approximately $428,000. Envestnet Portfolio Solutions Inc. grew its position in shares of Hubbell by 32.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,629 shares of the industrial products company's stock worth $676,000 after buying an additional 395 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Hubbell during the 1st quarter valued at about $327,000. Institutional investors own 88.16% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on HUBB shares. StockNews.com raised Hubbell from a "hold" rating to a "buy" rating in a research report on Tuesday. Morgan Stanley increased their price target on shares of Hubbell from $407.00 to $445.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Hubbell from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $431.00 to $441.00 in a research report on Friday, September 6th. Stephens restated an "overweight" rating and issued a $450.00 target price on shares of Hubbell in a research note on Friday, August 2nd. Finally, Sanford C. Bernstein began coverage on shares of Hubbell in a report on Tuesday. They issued an "outperform" rating and a $535.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $445.56.

Hubbell Stock Performance

HUBB traded up $0.96 during trading on Friday, reaching $467.94. 387,617 shares of the company's stock were exchanged, compared to its average volume of 443,579. The company's fifty day simple moving average is $427.99 and its 200-day simple moving average is $397.96. The stock has a market capitalization of $25.12 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 1.58 and a beta of 0.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.05. Hubbell Incorporated has a 1 year low of $281.45 and a 1 year high of $481.35.

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

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.32 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.28 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Hubbell's previous quarterly dividend of $1.22. Hubbell's payout ratio is 35.16%.

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.