TT International Asset Management LTD Has $35,000 Holdings in Hubbell Incorporated (NYSE:HUBB)

TT International Asset Management LTD cut its position in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 95.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85 shares of the industrial products company's stock after selling 1,600 shares during the quarter. TT International Asset Management LTD's holdings in Hubbell were worth $35,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. OLD National Bancorp IN boosted its position in Hubbell by 3.8% during the 3rd quarter. OLD National Bancorp IN now owns 596 shares of the industrial products company's stock worth $255,000 after purchasing an additional 22 shares during the period. Avestar Capital LLC lifted its stake in shares of Hubbell by 5.1% during the third quarter. Avestar Capital LLC now owns 577 shares of the industrial products company's stock worth $247,000 after purchasing an additional 28 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Hubbell by 3.2% in the third quarter. Ballentine Partners LLC now owns 956 shares of the industrial products company's stock worth $410,000 after buying an additional 30 shares during the period. Catalyst Financial Partners LLC grew its stake in shares of Hubbell by 4.6% in the third quarter. Catalyst Financial Partners LLC now owns 701 shares of the industrial products company's stock valued at $300,000 after buying an additional 31 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Hubbell by 1.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,288 shares of the industrial products company's stock valued at $1,408,000 after buying an additional 31 shares during the period. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Mark Eugene Mikes sold 1,144 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total transaction of $533,332.80. Following the transaction, the insider now owns 2,957 shares of the company's stock, valued at approximately $1,378,553.40. This trade represents a 27.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HUBB shares. Wells Fargo & Company decreased their price target on Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Hubbell from a "buy" rating to a "hold" rating and decreased their target price for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. JPMorgan Chase & Co. downgraded shares of Hubbell from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $385.00 to $454.00 in a research note on Thursday, October 10th. Barclays boosted their price objective on shares of Hubbell from $402.00 to $475.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Finally, Morgan Stanley raised their target price on Hubbell from $407.00 to $445.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $471.50.

Hubbell Trading Down 0.1 %

NYSE HUBB traded down $0.46 on Monday, hitting $419.79. 692,143 shares of the stock were exchanged, compared to its average volume of 414,048. The company's 50-day moving average price is $445.06 and its two-hundred day moving average price is $415.49. 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 52-week low of $319.06 and a 52-week high of $481.35. The company has a market capitalization of $22.53 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 1.69 and a beta of 0.93.

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

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $1.32 dividend. The ex-dividend date was Friday, November 29th. This is an increase from Hubbell's previous quarterly dividend of $1.22. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.26%. Hubbell's dividend payout ratio is 38.04%.

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.