Sustainable Insight Capital Management LLC Purchases 1,300 Shares of Hubbell Incorporated (NYSE:HUBB)

Sustainable Insight Capital Management LLC increased its position in Hubbell Incorporated (NYSE:HUBB) by 18.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,500 shares of the industrial products company’s stock after acquiring an additional 1,300 shares during the period. Hubbell comprises approximately 1.7% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 19th largest position. Sustainable Insight Capital Management LLC’s holdings in Hubbell were worth $3,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Hubbell during the second quarter valued at $49,000. Northwest Investment Counselors LLC bought a new stake in shares of Hubbell in the third quarter worth approximately $58,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Hubbell during the second quarter valued at approximately $62,000. Massmutual Trust Co. FSB ADV lifted its position in Hubbell by 23.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 184 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 35 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Hubbell by 84.7% in the third quarter. GAMMA Investing LLC now owns 157 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 72 shares during the last quarter. 88.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HUBB shares. Deutsche Bank Aktiengesellschaft raised Hubbell from a “hold” rating to a “buy” rating and increased their price target for the company from $431.00 to $441.00 in a report on Friday, September 6th. Stephens restated an “overweight” rating and set a $450.00 price target on shares of Hubbell in a research note on Friday, August 2nd. Mizuho raised their price objective on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Wells Fargo & Company increased their price target on shares of Hubbell from $445.00 to $455.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $445.56.

Hubbell Stock Up 0.2 %

Shares of HUBB stock opened at $467.93 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.05. Hubbell Incorporated has a one year low of $281.45 and a one year high of $481.35. The company’s fifty day moving average price is $427.99 and its 200-day moving average price is $397.96. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.76 and a beta of 0.90.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.47 by $0.02. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $3.95 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that Hubbell Incorporated will post 16.47 EPS for the current fiscal year.

Hubbell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $1.32 per share. The ex-dividend date is Friday, November 29th. This is a positive change from Hubbell’s previous quarterly dividend of $1.22. This represents a $5.28 dividend on an annualized basis and a yield of 1.13%. Hubbell’s dividend payout ratio is presently 38.04%.

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.