V Square Quantitative Management LLC Has $355,000 Stake in Hubbell Incorporated (NYSE:HUBB)

V Square Quantitative Management LLC lifted its stake in Hubbell Incorporated (NYSE:HUBB) by 34.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 856 shares of the industrial products company’s stock after purchasing an additional 217 shares during the quarter. V Square Quantitative Management LLC’s holdings in Hubbell were worth $355,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Hubbell by 32,734.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,472,949 shares of the industrial products company’s stock valued at $484,497,000 after acquiring an additional 1,468,463 shares during the period. Vanguard Group Inc. raised its stake in Hubbell by 15.9% in the fourth quarter. Vanguard Group Inc. now owns 6,696,582 shares of the industrial products company’s stock valued at $2,202,707,000 after purchasing an additional 918,808 shares in the last quarter. Norges Bank bought a new stake in Hubbell during the fourth quarter worth about $143,024,000. Massachusetts Financial Services Co. MA grew its stake in Hubbell by 46.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,020,067 shares of the industrial products company’s stock worth $319,699,000 after buying an additional 323,116 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in Hubbell by 575.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 288,186 shares of the industrial products company’s stock worth $94,793,000 after buying an additional 245,536 shares in the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hubbell in a research report on Monday, March 11th. They issued a “hold” rating and a $427.00 target price for the company. Barclays lowered their price objective on shares of Hubbell from $400.00 to $384.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Wells Fargo & Company reduced their target price on Hubbell from $435.00 to $397.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. StockNews.com cut Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Mizuho upped their price objective on Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $386.57.

Hubbell Price Performance

Shares of NYSE HUBB traded up $6.23 during mid-day trading on Tuesday, hitting $404.00. 376,107 shares of the stock traded hands, compared to its average volume of 424,332. The company has a market cap of $21.69 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96. Hubbell Incorporated has a twelve month low of $248.37 and a twelve month high of $429.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.66 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $401.64 and a two-hundred day simple moving average of $355.11.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.06. Hubbell had a return on equity of 29.55% and a net margin of 13.23%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm posted $3.61 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that Hubbell Incorporated will post 16.38 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, May 31st. Hubbell’s dividend payout ratio is currently 36.39%.

Insider Transactions at Hubbell

In related news, Director Neal J. Keating acquired 500 shares of Hubbell stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $378.77 per share, with a total value of $189,385.00. Following the transaction, the director now directly owns 8,571 shares in the company, valued at approximately $3,246,437.67. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Mark Eugene Mikes sold 1,942 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $401.34, for a total transaction of $779,402.28. Following the completion of the sale, the insider now owns 3,436 shares in the company, valued at $1,379,004.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Neal J. Keating acquired 500 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $378.77 per share, for a total transaction of $189,385.00. Following the completion of the purchase, the director now owns 8,571 shares in the company, valued at approximately $3,246,437.67. The disclosure for this purchase can be found here. Insiders sold 3,055 shares of company stock worth $1,232,139 over the last ninety days. 0.78% of the stock is owned by insiders.

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.