Andina Capital Management LLC Has $509,000 Stake in Hubbell Incorporated (NYSE:HUBB)

Andina Capital Management LLC boosted its stake in Hubbell Incorporated (NYSE:HUBB) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,188 shares of the industrial products company’s stock after buying an additional 38 shares during the period. Andina Capital Management LLC’s holdings in Hubbell were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. abrdn plc boosted its stake in Hubbell by 8.6% in the 3rd quarter. abrdn plc now owns 237,543 shares of the industrial products company’s stock valued at $101,931,000 after buying an additional 18,805 shares in the last quarter. Smith Group Asset Management LLC boosted its stake in Hubbell by 1.8% in the 3rd quarter. Smith Group Asset Management LLC now owns 65,993 shares of the industrial products company’s stock valued at $28,268,000 after buying an additional 1,181 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Hubbell by 5.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,601 shares of the industrial products company’s stock valued at $2,399,000 after buying an additional 270 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. boosted its stake in Hubbell by 11.2% in the third quarter. Klein Pavlis & Peasley Financial Inc. now owns 2,394 shares of the industrial products company’s stock worth $1,025,000 after purchasing an additional 242 shares in the last quarter. Finally, Cavalier Investments LLC boosted its stake in Hubbell by 3.9% in the third quarter. Cavalier Investments LLC now owns 1,848 shares of the industrial products company’s stock worth $792,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insider Activity at Hubbell

In related news, CEO Gerben Bakker sold 15,677 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $374.34, for a total value of $5,868,528.18. Following the completion of the sale, the chief executive officer now owns 66,415 shares in the company, valued at approximately $24,861,791.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Carlos M. Cardoso sold 450 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $364.54, for a total transaction of $164,043.00. Following the completion of the transaction, the director now directly owns 1,670 shares of the company’s stock, valued at approximately $608,781.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gerben Bakker sold 15,677 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on HUBB shares. JPMorgan Chase & Co. lowered Hubbell from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $385.00 to $454.00 in a research note on Thursday, October 10th. Morgan Stanley started coverage on Hubbell in a research note on Friday, September 6th. They issued an “equal weight” rating and a $407.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Hubbell from $400.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft raised Hubbell from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $431.00 to $441.00 in a research note on Friday, September 6th. Finally, Barclays boosted their price objective on Hubbell from $368.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $428.13.

Hubbell Trading Down 3.1 %

Shares of HUBB traded down $14.10 during trading hours on Tuesday, hitting $435.57. 369,818 shares of the stock traded hands, compared to its average volume of 440,974. The company has a current ratio of 1.81, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Hubbell Incorporated has a 1-year low of $248.37 and a 1-year high of $461.77. The firm has a market capitalization of $23.38 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 1.66 and a beta of 0.90. The business has a fifty day moving average of $417.43 and a 200-day moving average of $394.88.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.13. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. Hubbell had a return on equity of 28.98% and a net margin of 13.14%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.07 earnings per share. Analysts expect that Hubbell Incorporated will post 16.43 EPS for the current year.

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, November 29th. This is an increase from Hubbell’s previous quarterly dividend of $1.22. Hubbell’s dividend payout ratio is currently 36.39%.

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.