Massmutual Trust Co. FSB ADV Buys 35 Shares of Hubbell Incorporated (NYSE:HUBB)

Massmutual Trust Co. FSB ADV lifted its position in Hubbell Incorporated (NYSE:HUBB) by 23.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184 shares of the industrial products company’s stock after buying an additional 35 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Hubbell were worth $67,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Meeder Advisory Services Inc. increased its stake in shares of Hubbell by 3.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 816 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 30 shares during the last quarter. Xponance Inc. raised its stake in Hubbell by 0.4% in the fourth quarter. Xponance Inc. now owns 9,140 shares of the industrial products company’s stock valued at $3,006,000 after buying an additional 36 shares during the period. Tectonic Advisors LLC lifted its position in shares of Hubbell by 4.0% in the first quarter. Tectonic Advisors LLC now owns 946 shares of the industrial products company’s stock valued at $393,000 after buying an additional 36 shares during the last quarter. Tevis Investment Management boosted its position in Hubbell by 4.6% during the first quarter. Tevis Investment Management now owns 901 shares of the industrial products company’s stock worth $374,000 after purchasing an additional 40 shares during the period. Finally, Czech National Bank increased its holdings in shares of Hubbell by 0.4% in the first quarter. Czech National Bank now owns 9,435 shares of the industrial products company’s stock valued at $3,916,000 after purchasing an additional 42 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hubbell

In other Hubbell 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 value of $449,909.74. Following the completion of the sale, the insider now directly owns 4,234 shares of the company’s stock, valued at $1,722,348.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hubbell news, insider Mark Eugene Mikes sold 1,942 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $401.34, for a total value of $779,402.28. Following the completion of the sale, the insider now owns 3,436 shares in the company, valued at $1,379,004.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alyssa R. Flynn sold 1,106 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,722,348.86. The disclosure for this sale can be found here. Insiders have sold 3,055 shares of company stock worth $1,232,139 over the last ninety days. Insiders own 0.66% of the company’s stock.

Hubbell Price Performance

Shares of HUBB traded down $3.39 during midday trading on Tuesday, hitting $361.03. 408,955 shares of the company traded hands, compared to its average volume of 469,195. Hubbell Incorporated has a one year low of $248.37 and a one year high of $429.61. The firm has a market cap of $19.38 billion, a P/E ratio of 27.17, a PEG ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.81 and a quick ratio of 1.03. The stock has a 50-day moving average of $376.65 and a 200-day moving average of $381.16.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.13. Hubbell had a net margin of 13.14% and a return on equity of 28.98%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm earned $4.07 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Hubbell Incorporated will post 16.38 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, August 30th. Hubbell’s dividend payout ratio is currently 36.39%.

Analyst Upgrades and Downgrades

HUBB has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Hubbell from $383.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Stephens reiterated an “overweight” rating and set a $450.00 target price on shares of Hubbell in a research note on Friday. Barclays reduced their price target on Hubbell from $384.00 to $368.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company raised their target price on shares of Hubbell from $397.00 to $400.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $402.57.

Hubbell Company 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.