Hubbell Incorporated (NYSE:HUBB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Hubbell Incorporated (NYSE:HUBB) by 6.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 376,518 shares of the industrial products company’s stock after acquiring an additional 22,951 shares during the period. Dimensional Fund Advisors LP’s holdings in Hubbell were worth $137,622,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nvwm LLC acquired a new stake in shares of Hubbell in the 1st quarter worth $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of Hubbell by 1,850.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 74 shares during the period. Principal Securities Inc. acquired a new stake in shares of Hubbell in the fourth quarter valued at about $40,000. Riverview Trust Co acquired a new stake in shares of Hubbell in the first quarter valued at about $52,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Hubbell in the first quarter valued at about $56,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Insider Transactions at Hubbell

In related news, Director Carlos M. Cardoso sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $364.54, for a total value of $164,043.00. Following the completion of the sale, the director now directly owns 1,670 shares in the company, valued at $608,781.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Gerben Bakker sold 15,677 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $374.34, for a total value of $5,868,528.18. Following the completion of the sale, the chief executive officer now directly owns 66,415 shares in the company, valued at $24,861,791.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carlos M. Cardoso sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $364.54, for a total transaction of $164,043.00. Following the completion of the sale, the director now owns 1,670 shares of the company’s stock, valued at $608,781.80. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on HUBB shares. Deutsche Bank Aktiengesellschaft upgraded shares of Hubbell from a “hold” rating to a “buy” rating and raised their price objective for the company from $431.00 to $441.00 in a research note on Friday, September 6th. Morgan Stanley started coverage on shares of Hubbell in a research note on Friday, September 6th. They issued an “equal weight” rating and a $407.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Hubbell from $383.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays dropped their target price on shares of Hubbell from $384.00 to $368.00 and set an “equal weight” rating for the company in a report on Wednesday, July 31st. Finally, Wells Fargo & Company raised their target price on shares of Hubbell from $397.00 to $400.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $404.88.

Hubbell Stock Performance

Shares of NYSE HUBB opened at $426.01 on Friday. The company has a market cap of $22.87 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 1.44 and a beta of 0.90. Hubbell Incorporated has a 12 month low of $248.37 and a 12 month high of $429.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.81 and a quick ratio of 1.13. The company has a 50-day simple moving average of $381.79 and a 200-day simple moving average of $388.71.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.13. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. Hubbell had a net margin of 13.14% and a return on equity of 28.98%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.07 earnings per share. On average, equities analysts anticipate that Hubbell Incorporated will post 16.45 earnings per share for the current year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, August 30th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.15%. Hubbell’s dividend payout ratio (DPR) is presently 36.39%.

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.