Sustainable Insight Capital Management LLC Buys 1,300 Shares of Hubbell Incorporated (NYSE:HUBB)

Sustainable Insight Capital Management LLC grew its holdings in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 18.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,500 shares of the industrial products company's stock after purchasing an additional 1,300 shares during the quarter. Hubbell comprises about 1.7% of Sustainable Insight Capital Management LLC's investment portfolio, making the stock its 19th biggest position. Sustainable Insight Capital Management LLC's holdings in Hubbell were worth $3,641,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HUBB. Quarry LP acquired a new position in Hubbell during the 2nd quarter worth $49,000. Northwest Investment Counselors LLC bought a new position in Hubbell during the third quarter worth about $58,000. GAMMA Investing LLC lifted its stake in shares of Hubbell by 84.7% during the 3rd quarter. GAMMA Investing LLC now owns 157 shares of the industrial products company's stock worth $67,000 after buying an additional 72 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Hubbell during the 2nd quarter worth $62,000. Finally, Tobam bought a new stake in shares of Hubbell in the third quarter valued at approximately $78,000. Institutional investors own 88.16% of the company's stock.

Hubbell Trading Up 0.2 %

HUBB stock traded up $0.95 during trading on Friday, reaching $467.93. 387,617 shares of the stock were exchanged, compared to its average volume of 400,745. The business has a 50 day moving average price of $427.99 and a 200-day moving average price of $397.95. The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 1.76 and a beta of 0.90. Hubbell Incorporated has a 1 year low of $281.45 and a 1 year high of $481.35. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51.

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

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $1.32 dividend. This is an increase from Hubbell's previous quarterly dividend of $1.22. This represents a $5.28 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, November 29th. Hubbell's dividend payout ratio is currently 38.04%.

Analyst Upgrades and Downgrades

HUBB has been the subject of several research reports. Wells Fargo & Company increased their target price on Hubbell from $445.00 to $455.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut Hubbell from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $385.00 to $454.00 in a research report on Thursday, October 10th. Mizuho lifted their price objective on shares of Hubbell from $450.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Barclays upped their price target on Hubbell from $400.00 to $402.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein assumed coverage on Hubbell in a research note on Tuesday, November 5th. They issued an "outperform" rating and a $535.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $445.56.

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.