KBC Group NV Purchases 412 Shares of Hubbell Incorporated (NYSE:HUBB)

KBC Group NV raised its position in Hubbell Incorporated (NYSE:HUBB) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,716 shares of the industrial products company’s stock after acquiring an additional 412 shares during the quarter. KBC Group NV’s holdings in Hubbell were worth $4,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mizuho Securities USA LLC lifted its stake in shares of Hubbell by 192,421.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,980,000 shares of the industrial products company’s stock worth $3,418,233,000 after purchasing an additional 7,975,855 shares during the period. International Assets Investment Management LLC raised its position in Hubbell by 42,735.0% in the third 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 acquiring an additional 1,915,383 shares during the period. Impax Asset Management Group plc boosted its stake in shares of Hubbell by 30.3% during the 3rd quarter. Impax Asset Management Group plc now owns 1,202,455 shares of the industrial products company’s stock worth $514,377,000 after acquiring an additional 279,654 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Hubbell by 268.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 231,130 shares of the industrial products company’s stock valued at $99,005,000 after acquiring an additional 168,380 shares during the period. Finally, LGT Capital Partners LTD. purchased a new stake in shares of Hubbell in the 3rd quarter worth $39,687,000. 88.16% of the stock is 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 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is owned by company insiders.

Hubbell Price Performance

HUBB stock opened at $426.92 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. The company’s fifty day moving average price is $440.67 and its 200-day moving average price is $420.88. Hubbell Incorporated has a one year low of $334.17 and a one year high of $481.35. The company has a market capitalization of $22.91 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.47 by $0.02. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $3.95 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that Hubbell Incorporated will post 16.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Sanford C. Bernstein began coverage on Hubbell in a research report on Tuesday, November 5th. They set an “outperform” rating and a $535.00 target price on the stock. Deutsche Bank Aktiengesellschaft downgraded Hubbell from a “buy” rating to a “hold” rating and cut their price objective for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. Mizuho raised their target price on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Wells Fargo & Company dropped their price target on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. downgraded shares of Hubbell from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $385.00 to $454.00 in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Hubbell presently has a consensus rating of “Hold” and a consensus 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.