Cadinha & Co. LLC Has $19.24 Million Position in Hubbell Incorporated (NYSE:HUBB)

Cadinha & Co. LLC boosted its holdings in shares of Hubbell Incorporated (NYSE:HUBBFree Report) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,934 shares of the industrial products company’s stock after acquiring an additional 276 shares during the period. Hubbell accounts for 3.2% of Cadinha & Co. LLC’s portfolio, making the stock its 14th largest position. Cadinha & Co. LLC’s holdings in Hubbell were worth $19,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HUBB. Groupama Asset Managment boosted its stake in Hubbell by 17.0% during the 3rd quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 1,010 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Hubbell during the third quarter worth $33,000. Versant Capital Management Inc increased its position in shares of Hubbell by 64.6% in the 4th quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company’s stock valued at $33,000 after buying an additional 31 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Hubbell during the 3rd quarter worth $41,000. Finally, Quarry LP bought a new position in Hubbell during the second quarter worth about $49,000. Institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company decreased their target price 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. Morgan Stanley increased their target price on Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Thursday. Sanford C. Bernstein began coverage on shares of Hubbell in a research report on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price objective for the company. Finally, Mizuho boosted their price objective on shares of Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Hubbell currently has a consensus rating of “Hold” and a consensus target price of $471.50.

Read Our Latest Stock Report on HUBB

Hubbell Stock Performance

Shares of HUBB stock opened at $437.52 on Friday. The firm has a market cap of $23.48 billion, a PE ratio of 31.52, a P/E/G ratio of 1.45 and a beta of 0.93. Hubbell Incorporated has a 12 month low of $322.27 and a 12 month high of $481.35. The company’s fifty day simple moving average is $442.54 and its 200-day simple moving average is $417.38. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

Hubbell (NYSE:HUBBGet Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, topping the consensus estimate of $4.47 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.95 EPS. Equities research analysts expect that Hubbell Incorporated will post 16.47 EPS for the current fiscal year.

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 1.21%. This is an increase from Hubbell’s previous quarterly dividend of $1.22. The ex-dividend date was Friday, November 29th. Hubbell’s dividend payout ratio (DPR) is currently 38.04%.

Insiders Place Their Bets

In other news, insider Mark Eugene Mikes sold 1,144 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $466.20, for a total value of $533,332.80. Following the sale, the insider now directly owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. This represents a 27.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.78% of the company’s stock.

About Hubbell

(Free Report)

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.

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Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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