McKinley Carter Wealth Services Inc. Purchases 583 Shares of Hubbell Incorporated (NYSE:HUBB)

McKinley Carter Wealth Services Inc. increased its position in shares of Hubbell Incorporated (NYSE:HUBB) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,044 shares of the industrial products company’s stock after buying an additional 583 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Hubbell were worth $7,558,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HUBB. Groupama Asset Managment raised its holdings in Hubbell by 17.0% in the 3rd quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 1,010 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Hubbell in the third quarter worth $33,000. Versant Capital Management Inc boosted its stake in Hubbell by 64.6% during the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company’s stock worth $33,000 after buying an additional 31 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Hubbell in the 3rd quarter valued at $41,000. Finally, Quarry LP acquired a new position in shares of Hubbell in the 2nd quarter valued at $49,000. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Down 0.4 %

NYSE HUBB opened at $412.85 on Wednesday. The stock has a fifty day moving average of $441.23 and a 200-day moving average of $420.90. The stock has a market capitalization of $22.16 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93. Hubbell Incorporated has a 52 week low of $326.13 and a 52 week high of $481.35. 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 (NYSE:HUBB) last released 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. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $3.95 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Hubbell Incorporated will post 16.48 EPS for the current year.

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 1,144 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total value of $533,332.80. Following the sale, the insider now directly owns 2,957 shares in the company, valued at approximately $1,378,553.40. This trade represents a 27.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.66% of the stock is owned by insiders.

Analyst Ratings Changes

HUBB has been the subject of several recent research reports. Sanford C. Bernstein assumed coverage on shares of Hubbell in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 price target for the company. Morgan Stanley raised their target price on Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft downgraded shares of Hubbell from a “buy” rating to a “hold” rating and reduced their target price for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. Finally, Mizuho boosted their price target on shares of Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $471.50.

About Hubbell

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.