Hubbell Incorporated (NYSE:HUBB) Shares Bought by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. boosted its stake in shares of Hubbell Incorporated (NYSE:HUBB) by 15.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,766 shares of the industrial products company’s stock after purchasing an additional 372 shares during the quarter. Klein Pavlis & Peasley Financial Inc.’s holdings in Hubbell were worth $1,159,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. OLD National Bancorp IN grew its holdings in Hubbell by 3.8% during the third quarter. OLD National Bancorp IN now owns 596 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 22 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Hubbell by 12.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 228 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 25 shares during the period. JGP Wealth Management LLC increased its holdings in shares of Hubbell by 1.2% during the 4th quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company’s stock valued at $884,000 after purchasing an additional 26 shares in the last quarter. Avestar Capital LLC lifted its stake in shares of Hubbell by 5.1% in the 3rd quarter. Avestar Capital LLC now owns 577 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 28 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in Hubbell by 3.2% during the third quarter. Ballentine Partners LLC now owns 956 shares of the industrial products company’s stock worth $410,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HUBB. Morgan Stanley lifted their price objective on shares of Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Barclays lifted their price target on Hubbell from $402.00 to $475.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Mizuho increased 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. Deutsche Bank Aktiengesellschaft cut Hubbell from a “buy” rating to a “hold” rating and cut their price objective for the company from $493.00 to $473.00 in a research report on Tuesday, November 26th. Finally, StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $471.50.

Hubbell Trading Down 0.3 %

Shares of HUBB stock opened at $399.82 on Thursday. Hubbell Incorporated has a fifty-two week low of $342.85 and a fifty-two week high of $481.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. The stock’s fifty day moving average is $435.82 and its two-hundred day moving average is $422.19. The firm has a market capitalization of $21.46 billion, a P/E ratio of 28.81, a PEG ratio of 1.45 and a beta of 0.92.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.08. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.41 billion. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.69 earnings per share. Research analysts expect that Hubbell Incorporated will post 16.48 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, February 28th. Hubbell’s dividend payout ratio (DPR) is presently 38.04%.

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.