Cadinha & Co. LLC Has $19.56 Million Stock Position in Hubbell Incorporated (NYSE:HUBB)

Cadinha & Co. LLC increased its holdings in Hubbell Incorporated (NYSE:HUBB - Free Report) by 74.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 45,658 shares of the industrial products company's stock after buying an additional 19,515 shares during the period. Hubbell comprises approximately 3.3% of Cadinha & Co. LLC's holdings, making the stock its 13th biggest position. Cadinha & Co. LLC owned 0.09% of Hubbell worth $19,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HUBB. CWM LLC grew its position in Hubbell by 2.2% in the 2nd quarter. CWM LLC now owns 1,319 shares of the industrial products company's stock worth $482,000 after purchasing an additional 28 shares during the last quarter. Meeder Advisory Services Inc. grew its position in Hubbell by 3.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 816 shares of the industrial products company's stock worth $339,000 after purchasing an additional 30 shares during the last quarter. Detalus Advisors LLC grew its position in Hubbell by 3.0% in the 2nd quarter. Detalus Advisors LLC now owns 1,030 shares of the industrial products company's stock worth $377,000 after purchasing an additional 30 shares during the last quarter. Savant Capital LLC grew its position in Hubbell by 2.6% in the 2nd quarter. Savant Capital LLC now owns 1,205 shares of the industrial products company's stock worth $440,000 after purchasing an additional 31 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in Hubbell by 23.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 184 shares of the industrial products company's stock worth $67,000 after purchasing an additional 35 shares during the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stephens reaffirmed an "overweight" rating and issued a $450.00 price target on shares of Hubbell in a research note on Friday, August 2nd. Morgan Stanley assumed coverage on shares of Hubbell in a research note on Friday, September 6th. They issued an "equal weight" rating and a $407.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of Hubbell from a "hold" rating to a "buy" rating and upped their price target for the stock from $431.00 to $441.00 in a research note on Friday, September 6th. Barclays upped their price target on shares of Hubbell from $368.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their price target on shares of Hubbell from $400.00 to $445.00 and gave the stock an "equal weight" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Hubbell presently has an average rating of "Moderate Buy" and an average target price of $423.13.

Hubbell Price Performance

HUBB stock traded down $5.91 on Thursday, hitting $443.50. 456,073 shares of the company's stock traded hands, compared to its average volume of 448,104. Hubbell Incorporated has a 1-year low of $248.37 and a 1-year high of $449.80. The stock has a market cap of $23.81 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 1.56 and a beta of 0.90. The stock has a fifty day moving average of $398.01 and a 200-day moving average of $391.93. The company has a current ratio of 1.81, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Hubbell (NYSE:HUBB - Get Free Report) last released its 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. Hubbell had a net margin of 13.14% and a return on equity of 28.98%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business earned $4.07 earnings per share. The business's quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Hubbell Incorporated will post 16.45 EPS for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, August 30th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.10%. Hubbell's dividend payout ratio is currently 36.39%.

Insider Activity

In other news, CEO Gerben Bakker sold 15,677 shares of the business's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $374.34, for a total transaction of $5,868,528.18. Following the sale, the chief executive officer now owns 66,415 shares in the company, valued at $24,861,791.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hubbell news, Director Carlos M. Cardoso sold 450 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 1,670 shares in the company, valued at approximately $608,781.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerben Bakker sold 15,677 shares of the company's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $374.34, for a total transaction of $5,868,528.18. Following the completion of the transaction, the chief executive officer now owns 66,415 shares in the company, valued at approximately $24,861,791.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

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.