Chicago Capital LLC Invests $1.99 Million in Hubbell Incorporated (NYSE:HUBB)

Chicago Capital LLC bought a new position in shares of Hubbell Incorporated (NYSE:HUBB) in the fourth quarter, HoldingsChannel reports. The firm bought 6,042 shares of the industrial products company’s stock, valued at approximately $1,987,000.

Other large investors have also modified their holdings of the company. First Manhattan Co. purchased a new position in Hubbell in the 1st quarter valued at approximately $28,000. Atlas Capital Advisors LLC purchased a new position in Hubbell in the 4th quarter valued at approximately $40,000. Coppell Advisory Solutions Corp. purchased a new position in Hubbell in the 4th quarter valued at approximately $47,000. Coppell Advisory Solutions LLC purchased a new position in Hubbell in the 2nd quarter valued at approximately $50,000. Finally, Compass Wealth Management LLC purchased a new position in Hubbell in the 4th quarter valued at approximately $82,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hubbell

In other Hubbell news, VP Katherine Anne Lane sold 1,468 shares of Hubbell stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $352.51, for a total value of $517,484.68. Following the completion of the transaction, the vice president now directly owns 9,355 shares in the company, valued at $3,297,731.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Katherine Anne Lane sold 1,468 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $352.51, for a total transaction of $517,484.68. Following the completion of the transaction, the vice president now directly owns 9,355 shares in the company, valued at $3,297,731.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Eugene Mikes sold 397 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $363.45, for a total value of $144,289.65. Following the transaction, the insider now owns 4,899 shares of the company’s stock, valued at $1,780,541.55. The disclosure for this sale can be found here. Insiders sold a total of 34,125 shares of company stock worth $12,065,100 over the last ninety days. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Hubbell in a report on Monday, March 11th. They issued a “hold” rating and a $427.00 target price on the stock. Barclays raised their price objective on Hubbell from $330.00 to $340.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TD Cowen assumed coverage on Hubbell in a research report on Friday, December 8th. They issued an “outperform” rating and a $338.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.00.

Hubbell Stock Up 0.3 %

NYSE:HUBB opened at $415.05 on Monday. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.53 and a beta of 0.94. Hubbell Incorporated has a one year low of $219.77 and a one year high of $419.64. The stock has a 50-day simple moving average of $372.74 and a 200 day simple moving average of $329.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.64.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.11. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $2.60 earnings per share. Sell-side analysts predict that Hubbell Incorporated will post 16.41 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $1.22 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $4.88 dividend on an annualized basis and a yield of 1.18%. Hubbell’s payout ratio is currently 34.73%.

About Hubbell

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.