Hubbell Incorporated (NYSE:HUBB) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 9,720.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,048 shares of the industrial products company's stock after purchasing an additional 73,294 shares during the quarter. Vontobel Holding Ltd. owned about 0.14% of Hubbell worth $31,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mizuho Securities USA LLC raised its position in shares of Hubbell by 192,421.1% in the third quarter. Mizuho Securities USA LLC now owns 7,980,000 shares of the industrial products company's stock valued at $3,418,233,000 after buying an additional 7,975,855 shares during the last quarter. State Street Corp lifted its stake in shares of Hubbell by 1.1% during the 3rd quarter. State Street Corp now owns 2,092,215 shares of the industrial products company's stock worth $896,200,000 after purchasing an additional 22,507 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Hubbell by 42,735.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,919,865 shares of the industrial products company's stock worth $8,223,740,000 after purchasing an additional 1,915,383 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hubbell by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,417,476 shares of the industrial products company's stock worth $607,176,000 after purchasing an additional 82,258 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Hubbell by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,254,905 shares of the industrial products company's stock valued at $535,681,000 after purchasing an additional 8,278 shares during the period. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Trading Up 1.9 %

Shares of Hubbell stock traded up $7.37 during trading hours on Tuesday, hitting $397.51. The company's stock had a trading volume of 271,700 shares, compared to its average volume of 625,169. The business has a fifty day moving average of $425.25 and a 200 day moving average of $423.73. Hubbell Incorporated has a 1-year low of $346.13 and a 1-year high of $481.35. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $21.33 billion, a PE ratio of 27.67, a P/E/G ratio of 1.36 and a beta of 0.92.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.08. The firm had revenue of $1.33 billion during 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 quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.69 EPS. As a group, equities analysts forecast that Hubbell Incorporated will post 17.63 EPS for the current year.

Hubbell announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 2.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, February 28th. Hubbell's dividend payout ratio (DPR) is presently 36.77%.

Analysts Set New Price Targets

A number of analysts have issued reports on HUBB shares. Barclays raised their price target on Hubbell from $402.00 to $475.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. StockNews.com raised shares of Hubbell from a "hold" rating to a "buy" rating in a research report on Monday. Morgan Stanley boosted their target price on shares of Hubbell from $407.00 to $445.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Hubbell from a "buy" rating to a "hold" rating and cut their price target for the stock from $493.00 to $473.00 in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $471.50.

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.