Kathmere Capital Management LLC Acquires 78 Shares of Hubbell Incorporated (NYSE:HUBB)

Kathmere Capital Management LLC boosted its stake in Hubbell Incorporated (NYSE:HUBB) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 602 shares of the industrial products company’s stock after acquiring an additional 78 shares during the period. Kathmere Capital Management LLC’s holdings in Hubbell were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Prospera Private Wealth LLC purchased a new stake in shares of Hubbell in the 3rd quarter worth about $33,000. Versant Capital Management Inc lifted its holdings in Hubbell by 64.6% in the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company’s stock worth $33,000 after buying an additional 31 shares during the period. Ashton Thomas Securities LLC bought a new stake in Hubbell during the 3rd quarter valued at approximately $41,000. Quarry LP purchased a new position in shares of Hubbell during the 2nd quarter worth approximately $49,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Hubbell in the 3rd quarter worth approximately $58,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HUBB shares. Deutsche Bank Aktiengesellschaft lowered Hubbell from a “buy” rating to a “hold” rating and dropped their price target for the company from $493.00 to $473.00 in a research report on Tuesday, November 26th. Sanford C. Bernstein began coverage on shares of Hubbell in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 target price on the stock. StockNews.com upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley boosted their price objective on shares of Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Barclays raised their target price on shares of Hubbell from $402.00 to $475.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $471.50.

Hubbell Stock Up 1.1 %

Shares of Hubbell stock opened at $433.80 on Friday. The company has a 50-day simple moving average of $443.15 and a two-hundred day simple moving average of $416.47. Hubbell Incorporated has a 52-week low of $319.06 and a 52-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 has a market capitalization of $23.28 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.47 by $0.02. The business had revenue of $1.44 billion for 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 firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.95 EPS. On average, analysts anticipate that Hubbell Incorporated will post 16.47 EPS for the current fiscal year.

Hubbell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.22%. This is an increase from Hubbell’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, November 29th. Hubbell’s dividend payout ratio (DPR) is presently 38.04%.

Insiders Place Their Bets

In other Hubbell news, insider Mark Eugene Mikes sold 1,144 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total transaction of $533,332.80. Following the completion of the sale, the insider now directly owns 2,957 shares in the company, valued at approximately $1,378,553.40. The trade was a 27.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is owned by insiders.

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.