Barlow Wealth Partners Inc. Invests $408,000 in Hubbell Incorporated (NYSE:HUBB)

Barlow Wealth Partners Inc. acquired a new position in shares of Hubbell Incorporated (NYSE:HUBB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,239 shares of the industrial products company’s stock, valued at approximately $408,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Hubbell by 1.7% in the third quarter. Vanguard Group Inc. now owns 5,777,774 shares of the industrial products company’s stock valued at $1,810,812,000 after buying an additional 96,435 shares during the last quarter. FMR LLC raised its position in shares of Hubbell by 2.9% in the third quarter. FMR LLC now owns 2,563,965 shares of the industrial products company’s stock valued at $803,572,000 after purchasing an additional 71,962 shares during the period. International Assets Investment Management LLC lifted its stake 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 worth $484,497,000 after buying an additional 1,468,463 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Hubbell by 10.7% during the 3rd quarter. Invesco Ltd. now owns 1,195,043 shares of the industrial products company’s stock worth $374,538,000 after buying an additional 115,886 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in Hubbell by 46.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,020,067 shares of the industrial products company’s stock valued at $319,699,000 after buying an additional 323,116 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Trading Up 1.3 %

Shares of HUBB stock traded up $5.06 during trading hours on Tuesday, hitting $393.06. 456,149 shares of the company’s stock traded hands, compared to its average volume of 430,749. The company has a quick ratio of 1.03, a current ratio of 1.66 and a debt-to-equity ratio of 0.64. Hubbell Incorporated has a 12 month low of $248.37 and a 12 month high of $429.61. The stock has a market cap of $21.08 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.96. The stock’s 50 day simple moving average is $398.93 and its 200 day simple moving average is $347.48.

Hubbell (NYSE:HUBB) last released 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 quarter in the previous year, the company posted $3.61 EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that Hubbell Incorporated will post 16.35 EPS for the current year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 30th. Hubbell’s dividend payout ratio is 36.39%.

Analysts Set New Price Targets

Several research firms have weighed in on HUBB. StockNews.com cut Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Mizuho increased their price target on Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Wells Fargo & Company dropped their price target on Hubbell from $435.00 to $397.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Barclays decreased their target price 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hubbell in a report on Monday, March 11th. They set a “hold” rating and a $427.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Hubbell presently has a consensus rating of “Moderate Buy” and an average price target of $386.57.

Insider Activity at Hubbell

In other news, insider Mark Eugene Mikes sold 1,045 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $357.56, for a total transaction of $373,650.20. Following the completion of the sale, the insider now owns 7,310 shares of the company’s stock, valued at approximately $2,613,763.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Mark Eugene Mikes sold 1,045 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $357.56, for a total transaction of $373,650.20. Following the transaction, the insider now directly owns 7,310 shares of the company’s stock, valued at approximately $2,613,763.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Neal J. Keating acquired 500 shares of Hubbell stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $378.77 per share, with a total value of $189,385.00. Following the purchase, the director now directly 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 a total of 3,279 shares of company stock worth $1,175,880 in the last 90 days. Corporate insiders own 0.78% of the company’s stock.

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.