Team Hewins LLC Purchases Shares of 534 Hubbell Incorporated (NYSE:HUBB)

Team Hewins LLC purchased a new stake in Hubbell Incorporated (NYSE:HUBB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 534 shares of the industrial products company’s stock, valued at approximately $222,000.

A number of other hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Hubbell by 1,850.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company’s stock valued at $26,000 after buying an additional 74 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Hubbell by 127.5% during the 4th quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 51 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Hubbell during the 4th quarter worth about $33,000. Principal Securities Inc. acquired a new stake in shares of Hubbell during the 4th quarter worth about $40,000. Finally, Riverview Trust Co acquired a new stake in shares of Hubbell during the 1st quarter worth about $52,000. 88.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Hubbell from $435.00 to $397.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Mizuho increased their price objective on shares of Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Barclays decreased their price objective on shares of Hubbell from $400.00 to $384.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $386.57.

Insider Buying and Selling

In other Hubbell news, insider Alyssa R. Flynn sold 1,106 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $406.79, for a total transaction of $449,909.74. Following the sale, the insider now directly owns 4,234 shares in the company, valued at approximately $1,722,348.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Alyssa R. Flynn sold 1,106 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $406.79, for a total transaction of $449,909.74. Following the transaction, the insider now directly owns 4,234 shares in the company, valued at $1,722,348.86. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Neal J. Keating bought 500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $378.77 per share, for a total transaction of $189,385.00. Following the completion of the acquisition, the director now owns 8,571 shares of the company’s stock, valued at approximately $3,246,437.67. The disclosure for this purchase can be found here. Insiders have sold 3,055 shares of company stock valued at $1,232,139 in the last 90 days. 0.78% of the stock is owned by insiders.

Hubbell Trading Up 0.8 %

Shares of NYSE HUBB traded up $2.96 during mid-day trading on Thursday, hitting $378.28. The company’s stock had a trading volume of 262,383 shares, compared to its average volume of 451,566. The stock has a market cap of $20.31 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.66 and a quick ratio of 1.03. Hubbell Incorporated has a one year low of $248.37 and a one year high of $429.61. The company’s fifty day simple moving average is $384.58 and its 200-day simple moving average is $374.99.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.54 by $0.06. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned $3.61 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that Hubbell Incorporated will post 16.33 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, May 31st. Hubbell’s payout ratio is 36.39%.

Hubbell 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.