HB Wealth Management LLC raised its stake in Hubbell Incorporated (NYSE:HUBB – Free Report) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 786 shares of the industrial products company’s stock after acquiring an additional 110 shares during the period. HB Wealth Management LLC’s holdings in Hubbell were worth $329,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. OLD National Bancorp IN grew its stake in 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 buying an additional 22 shares during the last quarter. JGP Wealth Management LLC boosted its holdings in shares of Hubbell by 1.2% during the fourth quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company’s stock valued at $884,000 after acquiring an additional 26 shares during the period. Avestar Capital LLC grew its position in shares of Hubbell by 5.1% during the third quarter. Avestar Capital LLC now owns 577 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 28 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Hubbell by 3.2% in the 3rd quarter. Ballentine Partners LLC now owns 956 shares of the industrial products company’s stock worth $410,000 after acquiring an additional 30 shares during the period. Finally, Catalyst Financial Partners LLC lifted its position in Hubbell by 4.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 701 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 31 shares during the last quarter. 88.16% of the stock is owned by institutional investors.
Hubbell Price Performance
NYSE:HUBB opened at $453.56 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $442.00 and its 200 day moving average price is $418.98. Hubbell Incorporated has a 52-week low of $326.13 and a 52-week high of $481.35. The firm has a market cap of $24.34 billion, a P/E ratio of 32.68, a PEG ratio of 1.55 and a beta of 0.93.
Analyst Ratings Changes
Several research analysts have commented on HUBB shares. Morgan Stanley upped their target price on shares of Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. 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. JPMorgan Chase & Co. cut Hubbell from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $385.00 to $454.00 in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Hubbell from a “buy” rating to a “hold” rating and cut their price objective for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $471.50.
Get Our Latest Stock Analysis on Hubbell
Insider Activity
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 shares were sold at an average price of $466.20, for a total transaction of $533,332.80. Following the completion of the sale, the insider now directly owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. This represents a 27.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.
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