1,801 Shares in Hubbell Incorporated (NYSE:HUBB) Bought by Versor Investments LP

Versor Investments LP acquired a new stake in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,801 shares of the industrial products company's stock, valued at approximately $754,000.

Other hedge funds have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in Hubbell during the 4th quarter valued at approximately $30,000. Prospera Private Wealth LLC acquired a new stake in Hubbell during the 3rd quarter valued at approximately $33,000. Versant Capital Management Inc grew its stake in Hubbell by 64.6% during the 4th quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 31 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Hubbell during the 3rd quarter valued at approximately $41,000. Finally, Venturi Wealth Management LLC grew its stake in Hubbell by 69.7% during the 4th quarter. Venturi Wealth Management LLC now owns 129 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company's stock.

Insider Buying and Selling at Hubbell

In other news, insider Alyssa R. Flynn sold 1,164 shares of Hubbell stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $389.06, for a total transaction of $452,865.84. Following the transaction, the insider now directly owns 4,327 shares in the company, valued at approximately $1,683,462.62. This trade represents a 21.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded Hubbell from a "buy" rating to a "hold" rating and reduced their target price for the stock from $493.00 to $473.00 in a report on Tuesday, November 26th. StockNews.com raised Hubbell from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Sanford C. Bernstein started coverage on Hubbell in a report on Tuesday, November 5th. They set an "outperform" rating and a $535.00 target price on the stock. Finally, Barclays reduced their target price on Hubbell from $475.00 to $422.00 and set an "equal weight" rating on the stock in a report on Monday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $464.88.

Hubbell Stock Performance

Shares of NYSE HUBB traded down $17.38 during mid-day trading on Monday, hitting $354.21. The company had a trading volume of 724,441 shares, compared to its average volume of 458,683. The stock has a market cap of $19.01 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.34 and a beta of 0.92. Hubbell Incorporated has a 12 month low of $346.13 and a 12 month high of $481.35. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.64 and a quick ratio of 0.98. The firm's 50 day simple moving average is $413.77 and its two-hundred day simple moving average is $424.31.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.41 billion. Hubbell had a return on equity of 28.62% and a net margin of 13.82%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.69 EPS. As a group, equities research analysts forecast that Hubbell Incorporated will post 17.63 earnings per share for the current year.

Hubbell declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 2.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, February 28th. Hubbell's payout ratio is currently 36.77%.

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.