Albert D Mason Inc. Trims Position in Hubbell Incorporated (NYSE:HUBB)

Albert D Mason Inc. trimmed its position in Hubbell Incorporated (NYSE:HUBB) by 11.1% in the fourth quarter, Holdings Channel reports. The firm owned 5,879 shares of the industrial products company’s stock after selling 737 shares during the quarter. Hubbell accounts for 1.6% of Albert D Mason Inc.’s holdings, making the stock its 10th biggest holding. Albert D Mason Inc.’s holdings in Hubbell were worth $2,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avanza Fonder AB bought a new position in Hubbell during the fourth quarter worth $2,447,000. First Pacific Financial raised its holdings in shares of Hubbell by 11,180.0% during the fourth quarter. First Pacific Financial now owns 1,692 shares of the industrial products company’s stock worth $709,000 after purchasing an additional 1,677 shares during the period. Occidental Asset Management LLC lifted its position in shares of Hubbell by 0.7% in the 4th quarter. Occidental Asset Management LLC now owns 11,325 shares of the industrial products company’s stock worth $4,744,000 after buying an additional 81 shares during the last quarter. Empirical Asset Management LLC acquired a new position in shares of Hubbell in the 4th quarter valued at about $5,288,000. Finally, JGP Wealth Management LLC grew its position in shares of Hubbell by 1.2% during the 4th quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company’s stock valued at $884,000 after buying an additional 26 shares during the last quarter. 88.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Mark Eugene Mikes sold 1,144 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $466.20, for a total transaction of $533,332.80. Following the completion of the transaction, the insider now owns 2,957 shares of the company’s stock, valued at $1,378,553.40. This trade represents a 27.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.78% of the stock is owned by corporate insiders.

Hubbell Trading Up 0.8 %

NYSE:HUBB opened at $437.52 on Friday. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 1.45 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. Hubbell Incorporated has a 1 year low of $322.27 and a 1 year high of $481.35. The business has a fifty day moving average of $442.54 and a 200-day moving average of $417.02.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.47 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.48 billion. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. Hubbell’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.95 EPS. Equities analysts predict that Hubbell Incorporated will post 16.47 earnings per share for the current year.

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, November 29th. This is a positive change from Hubbell’s previous quarterly dividend of $1.22. Hubbell’s dividend payout ratio (DPR) is currently 38.04%.

Wall Street Analyst Weigh In

HUBB has been the subject of a number of research reports. Mizuho lifted their target price on Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. StockNews.com upgraded Hubbell from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lowered Hubbell from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $385.00 to $454.00 in a research report on Thursday, October 10th. Wells Fargo & Company cut their target price on Hubbell from $455.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Sanford C. Bernstein initiated coverage on shares of Hubbell in a research report on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price target for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $471.50.

Hubbell 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.