12,568 Shares in Hubbell Incorporated (NYSE:HUBB) Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new position in Hubbell Incorporated (NYSE:HUBB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,568 shares of the industrial products company’s stock, valued at approximately $1,858,000.

A number of other large investors have also modified their holdings of HUBB. Schroder Investment Management Group raised its stake in Hubbell by 71.2% in the second quarter. Schroder Investment Management Group now owns 745,429 shares of the industrial products company’s stock worth $97,204,000 after buying an additional 309,991 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Hubbell by 2.3% during the second quarter. Parametric Portfolio Associates LLC now owns 73,400 shares of the industrial products company’s stock worth $9,571,000 after purchasing an additional 1,626 shares in the last quarter. AMP Capital Investors Ltd increased its position in shares of Hubbell by 83.1% during the second quarter. AMP Capital Investors Ltd now owns 13,000 shares of the industrial products company’s stock worth $1,670,000 after purchasing an additional 5,900 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Hubbell by 0.5% during the second quarter. Vanguard Group Inc. now owns 5,558,703 shares of the industrial products company’s stock worth $724,855,000 after purchasing an additional 29,729 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Hubbell by 21.4% during the second quarter. Invesco Ltd. now owns 50,764 shares of the industrial products company’s stock worth $6,620,000 after purchasing an additional 8,935 shares in the last quarter. 84.45% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Hubbell from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on Hubbell from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Zacks Investment Research downgraded Hubbell from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. Wolfe Research downgraded Hubbell from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 9th. Finally, Morgan Stanley upped their price target on Hubbell from $138.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $149.00.

Shares of HUBB stock traded up $0.69 during trading hours on Wednesday, reaching $149.14. 7,565 shares of the company’s stock were exchanged, compared to its average volume of 169,080. The stock’s 50 day moving average is $147.38 and its 200-day moving average is $137.09. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.88 and a beta of 1.51. The company has a current ratio of 2.09, a quick ratio of 1.33 and a debt-to-equity ratio of 0.89. Hubbell Incorporated has a fifty-two week low of $103.47 and a fifty-two week high of $149.60.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.07. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Hubbell had a return on equity of 23.47% and a net margin of 8.34%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.34 earnings per share. Equities analysts anticipate that Hubbell Incorporated will post 8.06 EPS for the current year.

In other news, VP Joseph Anthony Capozzoli sold 1,243 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $142.39, for a total transaction of $176,990.77. Following the sale, the vice president now directly owns 10,812 shares of the company’s stock, valued at $1,539,520.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rodd Richard Ruland sold 3,594 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.96, for a total transaction of $517,392.24. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

About Hubbell

Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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 for the natural gas distribution market.

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Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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