MUFG Securities EMEA plc raised its holdings in shares of Hubbell Inc (NYSE:HUBB – Free Report) by 114.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,181 shares of the industrial products company’s stock after acquiring an additional 1,164 shares during the quarter. MUFG Securities EMEA plc’s holdings in Hubbell were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Hubbell by 147.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 34 shares in the last quarter. NBT Bank N A NY acquired a new stake in shares of Hubbell during the 4th quarter worth about $27,000. Hantz Financial Services Inc. boosted its stake in shares of Hubbell by 141.4% during 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 during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Hubbell by 62.8% during 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 during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Hubbell by 630.0% during 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 during the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.
Hubbell Price Performance
HUBB opened at $479.78 on Wednesday. The company’s 50 day simple moving average is $503.18 and its 200 day simple moving average is $482.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 1.58. Hubbell Inc has a 1 year low of $380.86 and a 1 year high of $565.50. The stock has a market capitalization of $25.35 billion, a PE ratio of 28.34, a P/E/G ratio of 2.33 and a beta of 0.91.
Hubbell Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.55%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Stephens raised their price target on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company raised their price target on shares of Hubbell from $530.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley raised their price target on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 11th. Finally, Evercore raised their price target on shares of Hubbell from $575.00 to $585.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Hubbell has an average rating of “Moderate Buy” and an average target price of $546.25.
View Our Latest Stock Analysis on HUBB
Hubbell 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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