Hubbell Incorporated (NYSE:HUBB) Stock Holdings Lowered by West Oak Capital LLC

West Oak Capital LLC cut its position in Hubbell Incorporated (NYSE:HUBB) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,920 shares of the industrial products company’s stock after selling 365 shares during the quarter. Hubbell comprises 0.6% of West Oak Capital LLC’s holdings, making the stock its 20th biggest position. West Oak Capital LLC’s holdings in Hubbell were worth $3,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Holdings Inc. bought a new stake in Hubbell during the 4th quarter valued at $358,000. Czech National Bank raised its stake in shares of Hubbell by 0.4% during 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 in the last quarter. Banque Cantonale Vaudoise lifted its holdings in Hubbell by 118.0% in the first quarter. Banque Cantonale Vaudoise now owns 1,552 shares of the industrial products company’s stock worth $643,000 after purchasing an additional 840 shares during the period. Park Avenue Securities LLC grew its position in Hubbell by 47.9% in the 1st quarter. Park Avenue Securities LLC now owns 1,211 shares of the industrial products company’s stock valued at $502,000 after buying an additional 392 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in Hubbell by 13.7% during the 1st quarter. Douglas Lane & Associates LLC now owns 1,040 shares of the industrial products company’s stock valued at $432,000 after buying an additional 125 shares during the period. 88.16% of the stock is owned by institutional investors and hedge funds.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $456.81 on Friday. Hubbell Incorporated has a 52-week low of $248.37 and a 52-week high of $461.77. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 1.67 and a beta of 0.90. The company has a quick ratio of 1.13, a current ratio of 1.81 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $408.72 and its 200 day simple moving average is $393.66.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.13. Hubbell had a return on equity of 28.98% and a net margin of 13.14%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business posted $4.07 EPS. Hubbell’s revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Hubbell Incorporated will post 16.41 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, August 30th. Hubbell’s dividend payout ratio is 36.39%.

Insiders Place Their Bets

In other news, Director Carlos M. Cardoso sold 450 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $364.54, for a total value of $164,043.00. Following the completion of the sale, the director now owns 1,670 shares in the company, valued at $608,781.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Carlos M. Cardoso sold 450 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $364.54, for a total value of $164,043.00. Following the transaction, the director now owns 1,670 shares in the company, valued at $608,781.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gerben Bakker sold 15,677 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $374.34, for a total transaction of $5,868,528.18. Following the sale, the chief executive officer now owns 66,415 shares of the company’s stock, valued at approximately $24,861,791.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HUBB shares. Barclays increased their price objective on shares of Hubbell from $368.00 to $400.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Mizuho increased their price target on Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded Hubbell from a “hold” rating to a “buy” rating and lifted their price target for the company from $431.00 to $441.00 in a research report on Friday, September 6th. Wells Fargo & Company upped their price objective on Hubbell from $400.00 to $445.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Morgan Stanley began coverage on Hubbell in a report on Friday, September 6th. They set an “equal weight” rating and a $407.00 target price on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $428.13.

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.