Hubbell Incorporated (NYSE:HUBB) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lifted its position in shares of Hubbell Incorporated (NYSE:HUBB) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,458 shares of the industrial products company’s stock after buying an additional 39 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Hubbell were worth $2,705,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HUBB. Vanguard Group Inc. grew its holdings in Hubbell by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,634,705 shares of the industrial products company’s stock valued at $2,779,212,000 after purchasing an additional 65,033 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Hubbell by 4.8% during the fourth quarter. Bank of New York Mellon Corp now owns 2,826,327 shares of the industrial products company’s stock valued at $1,183,920,000 after purchasing an additional 129,490 shares during the period. State Street Corp lifted its holdings in Hubbell by 1.1% in the 3rd quarter. State Street Corp now owns 2,092,215 shares of the industrial products company’s stock worth $896,200,000 after buying an additional 22,507 shares in the last quarter. Geode Capital Management LLC increased its holdings in Hubbell by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,254,905 shares of the industrial products company’s stock worth $535,681,000 after purchasing an additional 8,278 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Hubbell in the fourth quarter worth $195,218,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Trading Up 0.5 %

Shares of NYSE:HUBB opened at $332.53 on Wednesday. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.34 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.64. The company has a 50 day moving average price of $375.48 and a 200 day moving average price of $417.88. Hubbell Incorporated has a 1-year low of $316.34 and a 1-year high of $481.35.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $4.10 EPS for the quarter, topping the consensus estimate 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 13.82% and a return on equity of 28.62%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company posted $3.69 earnings per share. On average, research analysts anticipate that Hubbell Incorporated will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $1.32 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a yield of 1.59%. Hubbell’s payout ratio is 36.77%.

Hubbell announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Wells Fargo & Company dropped their price objective on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays cut their target price on Hubbell from $422.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $462.13.

Insider Activity at Hubbell

In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $389.06, for a total transaction of $452,865.84. Following the transaction, the insider now directly owns 4,327 shares in the company, valued at $1,683,462.62. This trade represents a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company’s stock.

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.