Pathstone Family Office LLC Boosts Holdings in Hubbell Incorporated (NYSE:HUBB)

Pathstone Family Office LLC boosted its position in Hubbell Incorporated (NYSE:HUBBFree Report) by 65.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,682 shares of the industrial products company’s stock after buying an additional 1,854 shares during the period. Pathstone Family Office LLC’s holdings in Hubbell were worth $1,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC purchased a new position in Hubbell in the 2nd quarter valued at $50,000. Massmutual Trust Co. FSB ADV grew its position in Hubbell by 40.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 152 shares of the industrial products company’s stock valued at $50,000 after buying an additional 44 shares during the last quarter. First Manhattan Co. purchased a new position in Hubbell in the 1st quarter valued at $28,000. Atlas Capital Advisors LLC purchased a new position in Hubbell in the 4th quarter valued at $40,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in Hubbell in the 4th quarter valued at $47,000. 85.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO William R. Sperry sold 14,925 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.99, for a total value of $5,268,375.75. Following the sale, the chief financial officer now directly owns 37,848 shares in the company, valued at approximately $13,359,965.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director John F. Malloy bought 797 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average price of $313.50 per share, with a total value of $249,859.50. Following the purchase, the director now owns 17,923 shares of the company’s stock, valued at approximately $5,618,860.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William R. Sperry sold 14,925 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the completion of the transaction, the chief financial officer now directly owns 37,848 shares of the company’s stock, valued at approximately $13,359,965.52. The disclosure for this sale can be found here. Insiders have sold 31,891 shares of company stock worth $11,262,870 in the last three months. Corporate insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HUBB. Seaport Res Ptn reiterated a “buy” rating on shares of Hubbell in a research report on Wednesday, November 8th. Barclays boosted their target price on shares of Hubbell from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Stephens restated an “overweight” rating and set a $375.00 target price on shares of Hubbell in a research report on Wednesday, November 1st. StockNews.com lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Hubbell from $351.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and an average target price of $353.00.

View Our Latest Report on HUBB

Hubbell Price Performance

Hubbell stock opened at $363.01 on Monday. Hubbell Incorporated has a 52 week low of $219.77 and a 52 week high of $363.36. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. The firm’s 50-day simple moving average is $327.97 and its 200 day simple moving average is $312.40. The firm has a market capitalization of $19.46 billion, a PE ratio of 25.84, a P/E/G ratio of 2.21 and a beta of 0.92.

Hubbell (NYSE:HUBBGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 EPS for the quarter, topping the consensus estimate of $3.58 by $0.11. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm earned $2.60 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities research analysts predict that Hubbell Incorporated will post 16.39 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 29th will be given a $1.22 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.88 annualized dividend and a dividend yield of 1.34%. Hubbell’s dividend payout ratio is presently 34.73%.

Hubbell Profile

(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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