Banque Cantonale Vaudoise Has $3.49 Million Stake in Hubbell Incorporated (NYSE:HUBB)

Banque Cantonale Vaudoise grew its position in shares of Hubbell Incorporated (NYSE:HUBB) by 375.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,147 shares of the industrial products company’s stock after buying an additional 6,433 shares during the period. Banque Cantonale Vaudoise’s holdings in Hubbell were worth $3,490,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. OLD National Bancorp IN increased its stake in shares of Hubbell by 3.8% in the 3rd quarter. OLD National Bancorp IN now owns 596 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 22 shares in the last quarter. CWM LLC lifted its holdings in Hubbell by 2.2% during the second quarter. CWM LLC now owns 1,319 shares of the industrial products company’s stock valued at $482,000 after purchasing an additional 28 shares during the last quarter. Detalus Advisors LLC lifted its position in shares of Hubbell by 3.0% during the second quarter. Detalus Advisors LLC now owns 1,030 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 30 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Hubbell by 3.2% in the third quarter. Ballentine Partners LLC now owns 956 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 30 shares during the period. Finally, Savant Capital LLC boosted its position in shares of Hubbell by 2.6% during the 2nd quarter. Savant Capital LLC now owns 1,205 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 31 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HUBB has been the topic of a number of recent research reports. Barclays increased their price target on shares of Hubbell from $400.00 to $402.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Hubbell from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. downgraded shares of Hubbell from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $385.00 to $454.00 in a research report on Thursday, October 10th. Mizuho upped their price target on Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Stephens reiterated an “overweight” rating and set a $450.00 price objective on shares of Hubbell in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $445.56.

Hubbell Price Performance

Shares of NYSE:HUBB opened at $452.22 on Wednesday. The company’s fifty day moving average price is $436.41 and its 200 day moving average price is $400.49. Hubbell Incorporated has a 12 month low of $293.91 and a 12 month high of $481.35. The firm has a market capitalization of $24.27 billion, a P/E ratio of 32.58, a P/E/G ratio of 1.63 and a beta of 0.90. 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 (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, beating analysts’ consensus estimates of $4.47 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $3.95 earnings per share. As a group, sell-side analysts predict that Hubbell Incorporated will post 16.47 earnings per share 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. This is an increase from Hubbell’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, November 29th. This represents a $5.28 annualized dividend and a yield of 1.17%. Hubbell’s payout ratio is 35.16%.

Insider Transactions at Hubbell

In other news, insider Mark Eugene Mikes sold 1,144 shares of Hubbell stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $466.20, for a total transaction of $533,332.80. Following the sale, the insider now owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. The trade was a 27.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.78% 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.