Hubbell Incorporated (NYSE:HUBB) Position Boosted by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. boosted its holdings in Hubbell Incorporated (NYSE:HUBB) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,771 shares of the industrial products company’s stock after acquiring an additional 335 shares during the period. Hubbell accounts for about 1.1% of Triasima Portfolio Management inc.’s portfolio, making the stock its 23rd biggest position. Triasima Portfolio Management inc.’s holdings in Hubbell were worth $5,769,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. OLD National Bancorp IN lifted its holdings in Hubbell by 3.8% in the third quarter. OLD National Bancorp IN now owns 596 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 22 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Hubbell by 12.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 228 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 25 shares during the last quarter. JGP Wealth Management LLC lifted its holdings in Hubbell by 1.2% in the fourth quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company’s stock worth $884,000 after acquiring an additional 26 shares during the last quarter. Avestar Capital LLC lifted its holdings in Hubbell by 5.1% in the third quarter. Avestar Capital LLC now owns 577 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 28 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in Hubbell by 3.2% in the third quarter. Ballentine Partners LLC now owns 956 shares of the industrial products company’s stock worth $410,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Analyst Upgrades and Downgrades

HUBB has been the topic of several analyst reports. JPMorgan Chase & Co. lowered shares of Hubbell from an “overweight” rating to a “neutral” rating and raised their price target for the company from $385.00 to $454.00 in a research note on Thursday, October 10th. Barclays raised their price target 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. Sanford C. Bernstein initiated coverage on shares of Hubbell in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley raised their price target on shares of Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $471.50.

Hubbell Price Performance

NYSE HUBB opened at $394.04 on Friday. Hubbell Incorporated has a 12 month low of $346.13 and a 12 month high of $481.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.05. The firm has a market capitalization of $21.15 billion, a PE ratio of 28.39, a P/E/G ratio of 1.45 and a beta of 0.92. The company’s 50 day simple moving average is $435.82 and its 200 day simple moving average is $422.19.

Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.08. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $3.69 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts forecast that Hubbell Incorporated will post 16.48 EPS for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, February 28th. Hubbell’s payout ratio is 38.04%.

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.