New England Capital Financial Advisors LLC Buys 1,265 Shares of Hubbell Incorporated (NYSE:HUBB)

New England Capital Financial Advisors LLC grew its stake in shares of Hubbell Incorporated (NYSE:HUBB) by 180.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,965 shares of the industrial products company’s stock after acquiring an additional 1,265 shares during the period. Hubbell accounts for about 0.4% of New England Capital Financial Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. New England Capital Financial Advisors LLC’s holdings in Hubbell were worth $646,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of HUBB. Ronald Blue Trust Inc. raised its stake in shares of Hubbell by 59.1% during the third quarter. Ronald Blue Trust Inc. now owns 296 shares of the industrial products company’s stock valued at $98,000 after acquiring an additional 110 shares in the last quarter. IFP Advisors Inc raised its stake in Hubbell by 330.4% in the third quarter. IFP Advisors Inc now owns 1,244 shares of the industrial products company’s stock worth $390,000 after buying an additional 955 shares in the last quarter. Capital Investment Advisors LLC bought a new position in Hubbell in the third quarter worth approximately $262,000. Founders Financial Securities LLC bought a new position in Hubbell in the third quarter worth approximately $219,000. Finally, Exchange Traded Concepts LLC raised its stake in Hubbell by 273.6% in the third quarter. Exchange Traded Concepts LLC now owns 2,197 shares of the industrial products company’s stock worth $689,000 after buying an additional 1,609 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HUBB. Mizuho boosted their price objective on shares of Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hubbell in a research note on Monday, March 11th. They issued a “hold” rating and a $427.00 price objective for the company. Barclays lifted their price target on shares of Hubbell from $340.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company lifted their price target on shares of Hubbell from $351.00 to $360.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, StockNews.com lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $383.57.

Insider Activity

In related news, insider Mark Eugene Mikes sold 397 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $363.45, for a total transaction of $144,289.65. Following the completion of the transaction, the insider now directly owns 4,899 shares in the company, valued at $1,780,541.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO William R. Sperry sold 14,925 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the completion of the transaction, the chief financial officer now directly owns 37,848 shares in the company, valued at $13,359,965.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Eugene Mikes sold 397 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $363.45, for a total transaction of $144,289.65. Following the completion of the transaction, the insider now owns 4,899 shares of the company’s stock, valued at approximately $1,780,541.55. The disclosure for this sale can be found here. Insiders have sold 34,125 shares of company stock valued at $12,065,100 over the last ninety days. 0.78% of the stock is currently owned by insiders.

Hubbell Stock Performance

Shares of HUBB traded up $7.33 during trading hours on Tuesday, reaching $397.89. 255,026 shares of the company traded hands, compared to its average volume of 407,077. The stock has a market capitalization of $21.34 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.36 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. Hubbell Incorporated has a 12-month low of $230.50 and a 12-month high of $429.61. The business has a fifty day moving average price of $392.44 and a 200-day moving average price of $340.49.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.11. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.60 earnings per share. Equities analysts anticipate that Hubbell Incorporated will post 16.43 EPS for the current fiscal year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 28th. Hubbell’s dividend payout ratio (DPR) is presently 34.73%.

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.