Dimensional Fund Advisors LP raised its stake in Hubbell Incorporated (NYSE:HUBB) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,162 shares of the company’s stock after buying an additional 1,658 shares during the period. Dimensional Fund Advisors LP’s holdings in Hubbell were worth $39,115,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of HUBB. MSI Financial Services Inc raised its position in Hubbell by 50.3% in the third quarter. MSI Financial Services Inc now owns 2,572 shares of the company’s stock valued at $277,000 after buying an additional 861 shares during the period. BTIM Corp. raised its position in Hubbell by 4.3% in the third quarter. BTIM Corp. now owns 357,102 shares of the company’s stock valued at $38,474,000 after buying an additional 14,696 shares during the period. Bank of Montreal Can raised its position in Hubbell by 2.9% in the third quarter. Bank of Montreal Can now owns 1,930 shares of the company’s stock valued at $207,000 after buying an additional 54 shares during the period. Henderson Group PLC raised its position in Hubbell by 14.0% in the third quarter. Henderson Group PLC now owns 133,929 shares of the company’s stock valued at $14,422,000 after buying an additional 16,491 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. raised its position in Hubbell by 1.4% in the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 205,330 shares of the company’s stock valued at $22,122,000 after buying an additional 2,886 shares during the period. 83.23% of the stock is owned by hedge funds and other institutional investors.
Shares of Hubbell Incorporated (NYSE:HUBB) opened at 117.65 on Monday. The company has a 50-day moving average price of $121.14 and a 200-day moving average price of $113.50. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 22.45 and a beta of 0.95. Hubbell Incorporated has a 12 month low of $97.35 and a 12 month high of $125.93.
Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.12. Hubbell had a net margin of 8.36% and a return on equity of 19.82%. The business earned $854 million during the quarter, compared to analyst estimates of $856.45 million. During the same period in the prior year, the business posted $1.31 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Hubbell Incorporated will post $5.70 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were given a dividend of $0.70 per share. The ex-dividend date was Friday, February 24th. This represents a $2.80 annualized dividend and a yield of 2.38%. Hubbell’s payout ratio is 53.33%.
Several research analysts have recently weighed in on HUBB shares. Morgan Stanley raised Hubbell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $113.00 to $131.00 in a research report on Monday, December 19th. Zacks Investment Research lowered Hubbell from a “hold” rating to a “sell” rating in a research report on Tuesday, December 27th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $105.00 target price on shares of Hubbell in a research report on Wednesday, January 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Hubbell presently has an average rating of “Hold” and an average target price of $119.00.
In other Hubbell news, insider William R. Sperry sold 2,513 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $122.61, for a total transaction of $308,118.93. Following the completion of the sale, the insider now directly owns 43,987 shares in the company, valued at $5,393,246.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Stephen M. Mais sold 3,269 shares of the company’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $122.76, for a total transaction of $401,302.44. Following the sale, the vice president now owns 16,021 shares of the company’s stock, valued at $1,966,737.96. The disclosure for this sale can be found here. Corporate insiders own 1.25% of the company’s stock.
Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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