Breed s Hill Capital LLC Makes New $256,000 Investment in Hubbell Incorporated (NYSE:HUBB)

Breed s Hill Capital LLC purchased a new position in Hubbell Incorporated (NYSE:HUBB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 777 shares of the industrial products company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lindbrook Capital LLC grew its holdings in shares of Hubbell by 127.5% in the fourth quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. Baillie Gifford & Co. purchased a new position in shares of Hubbell during the 4th quarter worth approximately $33,000. Sentry Investment Management LLC purchased a new stake in Hubbell in the fourth quarter valued at approximately $91,000. Grove Bank & Trust boosted its position in shares of Hubbell by 14.3% during the third quarter. Grove Bank & Trust now owns 400 shares of the industrial products company’s stock worth $125,000 after buying an additional 50 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Hubbell by 43.2% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the industrial products company’s stock valued at $133,000 after buying an additional 128 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hubbell

In other news, insider Mark Eugene Mikes sold 1,837 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $358.16, for a total transaction of $657,939.92. Following the completion of the sale, the insider now owns 5,296 shares in the company, valued at approximately $1,896,815.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Mark Eugene Mikes sold 1,837 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $358.16, for a total value of $657,939.92. Following the transaction, the insider now directly owns 5,296 shares of the company’s stock, valued at $1,896,815.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Neal J. Keating purchased 500 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $378.77 per share, for a total transaction of $189,385.00. Following the purchase, the director now owns 8,571 shares in the company, valued at $3,246,437.67. The disclosure for this purchase can be found here. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the subject of several research reports. Barclays dropped their target price on Hubbell from $400.00 to $384.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. StockNews.com cut shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Mizuho upped their price objective on Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Wells Fargo & Company decreased their target price on Hubbell from $435.00 to $397.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hubbell in a research report on Monday, March 11th. They issued a “hold” rating and a $427.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Hubbell currently has a consensus rating of “Moderate Buy” and an average price target of $386.57.

Hubbell Trading Up 3.2 %

Shares of NYSE:HUBB traded up $12.54 during trading on Thursday, reaching $408.91. 526,426 shares of the stock were exchanged, compared to its average volume of 431,007. The firm’s 50-day moving average price is $399.44 and its 200 day moving average price is $347.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.03 and a current ratio of 1.66. Hubbell Incorporated has a 12-month low of $248.37 and a 12-month high of $429.61. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 1.47 and a beta of 0.96.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.54 by $0.06. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. Hubbell had a return on equity of 29.55% and a net margin of 13.23%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.61 EPS. On average, sell-side analysts anticipate that Hubbell Incorporated will post 16.35 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $1.22 per share. The ex-dividend date is Thursday, May 30th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.19%. Hubbell’s dividend payout ratio (DPR) is 36.39%.

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.