Hubbell Incorporated (NYSE:HUBB) Stock Holdings Decreased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC decreased its stake in shares of Hubbell Incorporated (NYSE:HUBB) by 16.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,295 shares of the industrial products company’s stock after selling 436 shares during the period. SeaCrest Wealth Management LLC’s holdings in Hubbell were worth $983,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Nvwm LLC acquired a new position in shares of Hubbell in the 1st quarter valued at about $25,000. Quarry LP bought a new position in shares of Hubbell during the second quarter valued at approximately $49,000. Riverview Trust Co acquired a new stake in shares of Hubbell during the 1st quarter worth approximately $52,000. Northwest Investment Counselors LLC bought a new stake in shares of Hubbell in the 1st quarter worth approximately $56,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Hubbell during the second quarter valued at $62,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HUBB. Stephens reissued an “overweight” rating and set a $450.00 price target on shares of Hubbell in a report on Friday, August 2nd. JPMorgan Chase & Co. cut Hubbell from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $385.00 to $454.00 in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Friday, September 6th. Wells Fargo & Company raised their price objective on Hubbell from $400.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Morgan Stanley began coverage on shares of Hubbell in a research note on Friday, September 6th. They set an “equal weight” rating and a $407.00 target price for the company. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $423.13.

Insider Activity 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 stock was sold at an average price of $364.54, for a total transaction of $164,043.00. Following the transaction, the director now directly owns 1,670 shares of the company’s stock, valued at approximately $608,781.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carlos M. Cardoso sold 450 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $364.54, for a total value of $164,043.00. Following the transaction, the director now owns 1,670 shares in the company, valued at approximately $608,781.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerben Bakker sold 15,677 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $374.34, for a total transaction of $5,868,528.18. Following the sale, the chief executive officer now owns 66,415 shares of the company’s stock, valued at $24,861,791.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Hubbell Stock Up 0.6 %

Shares of Hubbell stock opened at $453.96 on Thursday. The stock has a market cap of $24.37 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 1.67 and a beta of 0.90. The business has a fifty day simple moving average of $405.45 and a 200 day simple moving average of $392.93. The company has a quick ratio of 1.13, a current ratio of 1.81 and a debt-to-equity ratio of 0.62. Hubbell Incorporated has a 12 month low of $248.37 and a 12 month high of $461.77.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.48 billion. Hubbell had a net margin of 13.14% and a return on equity of 28.98%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $4.07 earnings per share. Research analysts predict that Hubbell Incorporated will post 16.41 EPS for the current year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, August 30th. Hubbell’s dividend payout ratio is currently 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.