Epoch Investment Partners Inc. Sells 1,267 Shares of Hubbell Incorporated (NYSE:HUBB)

Epoch Investment Partners Inc. lessened its stake in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,630 shares of the industrial products company's stock after selling 1,267 shares during the quarter. Epoch Investment Partners Inc. owned about 0.09% of Hubbell worth $17,408,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Hubbell by 15.9% in the 4th quarter. Vanguard Group Inc. now owns 6,696,582 shares of the industrial products company's stock worth $2,202,707,000 after acquiring an additional 918,808 shares during the period. Impax Asset Management Group plc increased its stake in shares of Hubbell by 53.8% in the second quarter. Impax Asset Management Group plc now owns 922,801 shares of the industrial products company's stock worth $336,984,000 after purchasing an additional 322,728 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Hubbell by 16.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,035,596 shares of the industrial products company's stock worth $743,970,000 after purchasing an additional 291,850 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hubbell by 16.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,980,456 shares of the industrial products company's stock worth $821,989,000 after purchasing an additional 286,134 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in Hubbell by 575.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 288,186 shares of the industrial products company's stock valued at $94,793,000 after purchasing an additional 245,536 shares during the period. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Price Performance

Hubbell stock traded up $0.85 on Monday, reaching $426.86. The company's stock had a trading volume of 189,033 shares, compared to its average volume of 454,099. Hubbell Incorporated has a twelve month low of $248.37 and a twelve month high of $432.98. The company has a market cap of $22.92 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.44 and a beta of 0.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.81. The business's fifty day moving average price is $381.79 and its 200 day moving average price is $388.71.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $4.37 EPS for the quarter, beating the consensus estimate of $4.24 by $0.13. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.48 billion. Hubbell had a net margin of 13.14% and a return on equity of 28.98%. Hubbell's revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.07 earnings per share. Equities analysts expect that Hubbell Incorporated will post 16.45 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.88 dividend on an annualized basis and a yield of 1.14%. Hubbell's dividend payout ratio is presently 36.39%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised Hubbell from a "hold" rating to a "buy" rating and lifted their price target for the stock from $431.00 to $441.00 in a research report on Friday, September 6th. Barclays dropped their price objective on shares of Hubbell from $384.00 to $368.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 31st. Morgan Stanley initiated coverage on Hubbell in a research report on Friday, September 6th. They set an "equal weight" rating and a $407.00 target price on the stock. Stephens reiterated an "overweight" rating and set a $450.00 price target on shares of Hubbell in a research note on Friday, August 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Hubbell from $397.00 to $400.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $404.88.

Insider Buying and Selling at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 15,677 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $374.34, for a total value of $5,868,528.18. Following the sale, the chief executive officer now directly owns 66,415 shares in the company, valued at $24,861,791.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Carlos M. Cardoso sold 450 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $364.54, for a total value of $164,043.00. Following the sale, the director now directly owns 1,670 shares of the company's stock, valued at approximately $608,781.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerben Bakker sold 15,677 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $374.34, for a total value of $5,868,528.18. Following the transaction, the chief executive officer now owns 66,415 shares of the company's stock, valued at approximately $24,861,791.10. The disclosure for this sale can be found here. Insiders own 0.66% of the company's stock.

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.