Sustainable Insight Capital Management LLC Buys 1,300 Shares of Hubbell Incorporated (NYSE:HUBB)

Sustainable Insight Capital Management LLC lifted its position in Hubbell Incorporated (NYSE:HUBB) by 18.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 8,500 shares of the industrial products company’s stock after acquiring an additional 1,300 shares during the period. Hubbell comprises 1.7% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Sustainable Insight Capital Management LLC’s holdings in Hubbell were worth $3,641,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HUBB. Quarry LP purchased a new stake in Hubbell in the 2nd quarter worth about $49,000. Northwest Investment Counselors LLC bought a new position in shares of Hubbell during the third quarter valued at approximately $58,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hubbell in the second quarter worth approximately $62,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Hubbell by 23.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 184 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 35 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Hubbell by 84.7% during the 3rd quarter. GAMMA Investing LLC now owns 157 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 72 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Up 0.2 %

Hubbell stock opened at $467.93 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The firm has a market cap of $25.11 billion, a P/E ratio of 33.71, a P/E/G ratio of 1.76 and a beta of 0.90. The business has a fifty day moving average of $427.99 and a two-hundred day moving average of $397.96. Hubbell Incorporated has a twelve month low of $281.45 and a twelve month high of $481.35.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.02. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business posted $3.95 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts forecast that Hubbell Incorporated will post 16.47 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $1.32 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Hubbell’s previous quarterly dividend of $1.22. Hubbell’s payout ratio is presently 38.04%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HUBB. Mizuho increased their target price on Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered shares of Hubbell from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $385.00 to $454.00 in a report on Thursday, October 10th. Wells Fargo & Company upped their target price on shares of Hubbell from $445.00 to $455.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Barclays lifted their price target on shares of Hubbell from $400.00 to $402.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Hubbell from a “hold” rating to a “buy” rating and raised their price objective for the stock from $431.00 to $441.00 in a report on Friday, September 6th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus target price of $445.56.

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.