Cadinha & Co. LLC Has $19.24 Million Position in Hubbell Incorporated (NYSE:HUBB)

Cadinha & Co. LLC lifted its holdings in Hubbell Incorporated (NYSE:HUBB) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,934 shares of the industrial products company’s stock after purchasing an additional 276 shares during the period. Hubbell accounts for approximately 3.2% of Cadinha & Co. LLC’s portfolio, making the stock its 14th biggest holding. Cadinha & Co. LLC owned 0.09% of Hubbell worth $19,241,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HUBB. OLD National Bancorp IN increased its holdings in shares of Hubbell by 3.8% during the 3rd quarter. OLD National Bancorp IN now owns 596 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 22 shares during the period. JGP Wealth Management LLC grew its position in Hubbell by 1.2% during the fourth quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company’s stock worth $884,000 after buying an additional 26 shares in the last quarter. Avestar Capital LLC increased its stake in Hubbell by 5.1% during the third quarter. Avestar Capital LLC now owns 577 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 28 shares during the period. Ballentine Partners LLC raised its holdings in Hubbell by 3.2% in the 3rd quarter. Ballentine Partners LLC now owns 956 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 30 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its position in shares of Hubbell by 4.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 701 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Up 0.8 %

Shares of HUBB stock opened at $437.52 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 company has a market capitalization of $23.48 billion, a P/E ratio of 31.52, a P/E/G ratio of 1.45 and a beta of 0.93. Hubbell Incorporated has a 12-month low of $322.27 and a 12-month high of $481.35. The firm has a 50-day moving average price of $442.54 and a 200 day moving average price of $417.38.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, topping the consensus estimate of $4.47 by $0.02. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $3.95 EPS. Hubbell’s revenue was up 4.9% compared to the same quarter last year. Research analysts forecast that Hubbell Incorporated will post 16.47 earnings per share for the current fiscal year.

Hubbell Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Hubbell’s previous quarterly dividend of $1.22. The ex-dividend date was Friday, November 29th. Hubbell’s payout ratio is currently 38.04%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HUBB. Morgan Stanley boosted their price objective on Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered shares of Hubbell from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $385.00 to $454.00 in a report on Thursday, October 10th. Wells Fargo & Company reduced their price objective on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut shares of Hubbell from a “buy” rating to a “hold” rating and lowered their target price for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. Finally, Mizuho raised their price target on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Hubbell has an average rating of “Hold” and an average price target of $471.50.

Insider Buying and Selling

In other news, insider Mark Eugene Mikes sold 1,144 shares of Hubbell stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $466.20, for a total value of $533,332.80. Following the completion of the sale, the insider now directly owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. This trade represents a 27.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.78% of the stock is owned by corporate insiders.

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.