Hubbell Incorporated (NYSE:HUBB) Position Increased by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI lifted its position in Hubbell Incorporated (NYSE:HUBB) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,506 shares of the industrial products company’s stock after acquiring an additional 976 shares during the period. Hubbell comprises approximately 1.2% of LVM Capital Management Ltd. MI’s holdings, making the stock its 26th largest position. LVM Capital Management Ltd. MI’s holdings in Hubbell were worth $11,522,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. OLD National Bancorp IN raised its stake 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 in the last quarter. Avestar Capital LLC raised its position 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 in the last quarter. Ballentine Partners LLC lifted its stake in Hubbell by 3.2% in the third 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 during the last quarter. Savant Capital LLC grew its position in Hubbell by 2.6% in the second quarter. Savant Capital LLC now owns 1,205 shares of the industrial products company’s stock worth $440,000 after acquiring an additional 31 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its stake in shares of Hubbell by 4.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 701 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

HUBB has been the subject of a number of recent research reports. Barclays upped their price objective on shares of Hubbell from $402.00 to $475.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered shares of Hubbell from a “buy” rating to a “hold” rating and dropped their price target for the company from $493.00 to $473.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. downgraded shares of Hubbell from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $385.00 to $454.00 in a report on Thursday, October 10th. Wells Fargo & Company dropped their target price on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, StockNews.com downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $471.50.

Hubbell Price Performance

Hubbell stock traded down $11.82 during mid-day trading on Friday, hitting $422.95. 197,331 shares of the company were exchanged, compared to its average volume of 298,808. The company has a market capitalization of $22.70 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. The business has a fifty day moving average of $445.16 and a 200 day moving average of $414.64. Hubbell Incorporated has a 1-year low of $319.06 and a 1-year high of $481.35. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

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

Hubbell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Hubbell’s previous quarterly dividend of $1.22. Hubbell’s dividend payout ratio (DPR) is presently 38.04%.

Insider Transactions at Hubbell

In related news, insider Mark Eugene Mikes sold 1,144 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total value of $533,332.80. Following the transaction, the insider now directly owns 2,957 shares in the company, valued at $1,378,553.40. This represents a 27.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is owned by company 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.