Robeco Schweiz AG Purchases 5,300 Shares of Hubbell Incorporated (NYSE:HUBB)

Robeco Schweiz AG grew its position in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 98.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,700 shares of the industrial products company's stock after buying an additional 5,300 shares during the quarter. Robeco Schweiz AG's holdings in Hubbell were worth $4,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new stake in Hubbell during the fourth quarter worth $30,000. Prospera Private Wealth LLC purchased a new position in shares of Hubbell in the 3rd quarter worth about $33,000. Versant Capital Management Inc grew its position in Hubbell by 64.6% during the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company's stock valued at $33,000 after buying an additional 31 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Hubbell during the third quarter worth about $41,000. Finally, Venturi Wealth Management LLC raised its position in 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. Hedge funds and other institutional investors own 88.16% of the company's stock.

Hubbell Stock Performance

Shares of NYSE HUBB traded up $2.24 during mid-day trading on Friday, hitting $371.51. The company had a trading volume of 550,777 shares, compared to its average volume of 629,510. Hubbell Incorporated has a 1 year low of $346.13 and a 1 year high of $481.35. The stock's 50-day moving average price is $413.77 and its 200-day moving average price is $423.99. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $19.94 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 1.34 and a beta of 0.92.

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

Hubbell declared that its Board of Directors has approved a share buyback program on Wednesday, February 12th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $1.32 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.42%. Hubbell's payout ratio is 36.77%.

Insider Activity

In other news, insider Alyssa R. Flynn sold 1,164 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $389.06, for a total value of $452,865.84. Following the completion of the sale, the insider now owns 4,327 shares of the company's stock, valued at approximately $1,683,462.62. The trade was a 21.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HUBB. StockNews.com raised shares of Hubbell from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Wells Fargo & Company reduced their price objective on Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Barclays raised their target price on Hubbell from $402.00 to $475.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Sanford C. Bernstein began coverage on Hubbell in a research report on Tuesday, November 5th. They set an "outperform" rating and a $535.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered Hubbell from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $493.00 to $473.00 in a report on Tuesday, November 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hubbell has an average rating of "Hold" and a consensus target price of $471.50.

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.