Eurizon Capital SGR S.p.A. acquired a new position in Hubbell Inc (NYSE:HUBB – Free Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 95,716 shares of the industrial products company’s stock, valued at approximately $42,510,000.
Other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in Hubbell by 147.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. NBT Bank N A NY purchased a new stake in Hubbell in the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its position in Hubbell by 141.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Baillie Gifford & Co. boosted its position in Hubbell by 62.8% in the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in Hubbell by 630.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 73 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.
Hubbell Trading Down 0.1%
Shares of NYSE:HUBB opened at $473.33 on Friday. Hubbell Inc has a 1 year low of $374.68 and a 1 year high of $565.50. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.58 and a quick ratio of 0.94. The business’s 50 day moving average price is $503.78 and its 200-day moving average price is $481.77.
Hubbell Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. Hubbell’s dividend payout ratio is currently 33.55%.
Analyst Ratings Changes
HUBB has been the topic of several recent research reports. Morgan Stanley upped their price objective on Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 11th. JPMorgan Chase & Co. increased their target price on Hubbell from $478.00 to $532.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company increased their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Mizuho set a $575.00 target price on Hubbell in a research report on Wednesday, February 4th. Finally, Evercore increased their target price on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $546.25.
Get Our Latest Research Report on HUBB
Hubbell Company Profile
Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.
The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.
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