Foster & Motley Inc. Makes New $235,000 Investment in Hubbell Incorporated (NYSE:HUBB)

Foster & Motley Inc. purchased a new position in shares of Hubbell Incorporated (NYSE:HUBB) during the fourth quarter, HoldingsChannel reports. The firm purchased 713 shares of the industrial products company’s stock, valued at approximately $235,000.

A number of other institutional investors have also recently bought and sold shares of HUBB. Lindbrook Capital LLC boosted its holdings in shares of Hubbell by 127.5% during the fourth quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 51 shares during the period. Baillie Gifford & Co. bought a new stake in shares of Hubbell during the fourth quarter worth approximately $33,000. Sentry Investment Management LLC bought a new stake in shares of Hubbell during the fourth quarter worth approximately $91,000. Grove Bank & Trust boosted its holdings in shares of Hubbell by 14.3% during the third quarter. Grove Bank & Trust now owns 400 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 50 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Hubbell by 43.2% during the fourth quarter. Blue Trust Inc. now owns 424 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HUBB. StockNews.com cut Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wells Fargo & Company boosted their price target on Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Mizuho boosted their price target on Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Barclays boosted their price target on Hubbell from $340.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hubbell in a research note on Monday, March 11th. They issued a “hold” rating and a $427.00 price target for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $383.57.

Hubbell Stock Up 0.9 %

Shares of HUBB opened at $402.27 on Friday. Hubbell Incorporated has a one year low of $248.37 and a one year high of $429.61. The company has a market cap of $21.57 billion, a P/E ratio of 28.63, a P/E/G ratio of 2.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $394.99 and a two-hundred day simple moving average of $341.94.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 EPS for the quarter, beating the consensus estimate of $3.58 by $0.11. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $2.60 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Research analysts forecast that Hubbell Incorporated will post 16.43 EPS for the current fiscal year.

Insider Buying and Selling at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 13,355 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $353.13, for a total transaction of $4,716,051.15. Following the completion of the transaction, the chief executive officer now directly owns 51,783 shares in the company, valued at $18,286,130.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Gerben Bakker sold 13,355 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $353.13, for a total transaction of $4,716,051.15. Following the completion of the transaction, the chief executive officer now directly owns 51,783 shares in the company, valued at $18,286,130.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Katherine Anne Lane sold 1,468 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 9,355 shares of the company’s stock, valued at $3,297,731.05. 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 three months. Corporate insiders own 0.66% of the company’s stock.

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.