Natixis Advisors LLC Acquires 445 Shares of Hubbell Incorporated (NYSE:HUBB)

Natixis Advisors LLC boosted its stake in shares of Hubbell Incorporated (NYSE:HUBB) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,445 shares of the industrial products company’s stock after purchasing an additional 445 shares during the period. Natixis Advisors LLC’s holdings in Hubbell were worth $9,614,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. IFG Advisory LLC bought a new stake in Hubbell in the second quarter valued at approximately $475,000. Acadian Asset Management LLC boosted its position in Hubbell by 51.3% during the second quarter. Acadian Asset Management LLC now owns 3,693 shares of the industrial products company’s stock worth $1,347,000 after purchasing an additional 1,252 shares during the period. Great Valley Advisor Group Inc. increased its holdings in shares of Hubbell by 24.6% in the second quarter. Great Valley Advisor Group Inc. now owns 6,873 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 1,359 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Hubbell by 2.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 99,227 shares of the industrial products company’s stock valued at $40,731,000 after purchasing an additional 2,822 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in shares of Hubbell during the 1st quarter worth about $582,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Up 2.8 %

HUBB stock opened at $458.27 on Friday. The company has a market cap of $24.60 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. 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 Incorporated has a 52 week low of $293.91 and a 52 week high of $481.35. The business has a 50-day simple moving average of $438.91 and a 200 day simple moving average of $401.31.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, topping the consensus estimate of $4.47 by $0.02. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $3.95 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Hubbell Incorporated will post 16.47 EPS for the current fiscal year.

Hubbell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $1.32 per share. The ex-dividend date is Friday, November 29th. This is a positive change from Hubbell’s previous quarterly dividend of $1.22. This represents a $5.28 annualized dividend and a dividend yield of 1.15%. Hubbell’s payout ratio is 35.16%.

Insider Buying and Selling

In other Hubbell news, insider Mark Eugene Mikes sold 1,144 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $466.20, for a total value of $533,332.80. Following the completion of the transaction, the insider now owns 2,957 shares of the company’s stock, valued at $1,378,553.40. This represents a 27.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on HUBB. Stephens reissued an “overweight” rating and issued a $450.00 price target on shares of Hubbell in a report on Friday, August 2nd. Sanford C. Bernstein assumed coverage on Hubbell in a research note on Tuesday, November 5th. They set an “outperform” rating and a $535.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded Hubbell from a “hold” rating to a “buy” rating and boosted their price target for the company from $431.00 to $441.00 in a research note on Friday, September 6th. JPMorgan Chase & Co. cut Hubbell from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $385.00 to $454.00 in a research report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their target price on shares of Hubbell from $445.00 to $455.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $445.56.

Hubbell 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.