Hubbell Incorporated (NYSE:HUBB) Shares Purchased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC grew its position in shares of Hubbell Incorporated (NYSE:HUBB) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 716 shares of the industrial products company’s stock after purchasing an additional 47 shares during the period. Resonant Capital Advisors LLC’s holdings in Hubbell were worth $307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HUBB. Nvwm LLC purchased a new position in Hubbell during the 1st quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Hubbell in the second quarter valued at $49,000. Riverview Trust Co acquired a new position in Hubbell during the 1st quarter worth $52,000. Northwest Investment Counselors LLC acquired a new stake in Hubbell in the 1st quarter valued at about $56,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Hubbell in the 2nd quarter valued at about $62,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stephens restated an “overweight” rating and set a $450.00 target price on shares of Hubbell in a research note on Friday, August 2nd. Wells Fargo & Company boosted their target price on Hubbell from $400.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. cut shares of Hubbell from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $385.00 to $454.00 in a research note on Thursday, October 10th. Barclays lifted their price objective on shares of Hubbell from $368.00 to $400.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Mizuho boosted their price target on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hubbell presently has an average rating of “Moderate Buy” and a consensus target price of $428.13.

Insider Transactions at Hubbell

In related news, CEO Gerben Bakker sold 15,677 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $374.34, for a total transaction of $5,868,528.18. Following the sale, the chief executive officer now owns 66,415 shares of the company’s stock, valued at $24,861,791.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Hubbell news, CEO Gerben Bakker sold 15,677 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $374.34, for a total value of $5,868,528.18. Following the transaction, the chief executive officer now directly owns 66,415 shares in the company, valued at approximately $24,861,791.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carlos M. Cardoso sold 450 shares of Hubbell stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $364.54, for a total transaction of $164,043.00. Following the sale, the director now owns 1,670 shares of the company’s stock, valued at approximately $608,781.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Hubbell Trading Down 0.2 %

Shares of HUBB stock opened at $456.81 on Monday. The stock has a market cap of $24.52 billion, a P/E ratio of 34.06, a P/E/G ratio of 1.67 and a beta of 0.90. The company has a quick ratio of 1.13, a current ratio of 1.81 and a debt-to-equity ratio of 0.62. Hubbell Incorporated has a fifty-two week low of $248.37 and a fifty-two week high of $461.77. The business has a fifty day simple moving average of $408.72 and a 200-day simple moving average of $393.29.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.13. Hubbell had a net margin of 13.14% and a return on equity of 28.98%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm posted $4.07 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts forecast that Hubbell Incorporated will post 16.41 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, August 30th. Hubbell’s payout ratio 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.