Hubbell Incorporated (NYSE:HUBB) Shares Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. raised its holdings in Hubbell Incorporated (NYSE:HUBB) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,771 shares of the industrial products company’s stock after acquiring an additional 335 shares during the period. Hubbell accounts for about 1.1% of Triasima Portfolio Management inc.’s holdings, making the stock its 23rd biggest position. Triasima Portfolio Management inc.’s holdings in Hubbell were worth $5,769,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HUBB. Groupama Asset Managment increased its holdings in shares of Hubbell by 17.0% during the 3rd quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company’s stock worth $30,000 after buying an additional 1,010 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Hubbell during the 3rd quarter worth $33,000. Versant Capital Management Inc increased its holdings in shares of Hubbell by 64.6% during the 4th 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 during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Hubbell during the 3rd quarter worth $41,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Hubbell during the 3rd quarter worth $58,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

NYSE:HUBB opened at $394.04 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. The firm has a 50-day moving average of $435.82 and a two-hundred day moving average of $422.19. The stock has a market cap of $21.15 billion, a P/E ratio of 28.39, a PEG ratio of 1.45 and a beta of 0.92. Hubbell Incorporated has a 1-year low of $346.13 and a 1-year high of $481.35.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.08. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $3.69 EPS. On average, research analysts expect that Hubbell Incorporated will post 16.48 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $1.32 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a yield of 1.34%. Hubbell’s payout ratio is currently 38.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Hubbell in a report on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price objective for the company. JPMorgan Chase & Co. downgraded Hubbell from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $385.00 to $454.00 in a report on Thursday, October 10th. Barclays increased their price target on Hubbell from $402.00 to $475.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft downgraded Hubbell from a “buy” rating to a “hold” rating and lowered their price target for the company from $493.00 to $473.00 in a report on Tuesday, November 26th. Finally, StockNews.com downgraded Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Hubbell presently has a consensus rating of “Hold” and a consensus target price of $471.50.

Hubbell Company 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.