Glenmede Trust Co. NA held its position in shares of Hubbell Inc (NYSE:HUBB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,654 shares of the industrial products company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Hubbell were worth $1,009,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. TLP Group LLC acquired a new stake in Hubbell during the first quarter valued at approximately $126,000. Baystate Wealth Management LLC increased its stake in Hubbell by 60.3% in the first quarter. Baystate Wealth Management LLC now owns 1,087 shares of the industrial products company’s stock valued at $128,000 after buying an additional 409 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in Hubbell during the first quarter valued at approximately $204,000. Flinton Capital Management LLC increased its stake in Hubbell by 7.1% in the first quarter. Flinton Capital Management LLC now owns 1,696 shares of the industrial products company’s stock valued at $204,000 after buying an additional 112 shares during the period. Finally, Oxford Asset Management acquired a new stake in Hubbell during the first quarter valued at approximately $215,000. 85.32% of the stock is currently owned by institutional investors.
Shares of Hubbell Inc (NYSE HUBB) traded up 0.08% during midday trading on Friday, hitting $119.50. The stock had a trading volume of 206,871 shares. The stock’s 50 day moving average price is $115.77 and its 200 day moving average price is $117.68. Hubbell Inc has a 12 month low of $101.15 and a 12 month high of $125.93. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 22.67 and a beta of 1.01.
Hubbell (NYSE:HUBB) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.11. Hubbell had a return on equity of 19.77% and a net margin of 8.23%. The firm had revenue of $948.30 million for the quarter, compared to analysts’ expectations of $937.35 million. During the same period in the previous year, the firm earned $1.53 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Hubbell Inc will post $5.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.34%. Hubbell’s payout ratio is currently 53.03%.
Several equities research analysts have commented on the stock. JMP Securities assumed coverage on shares of Hubbell in a report on Monday, June 19th. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Hubbell from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Wolfe Research assumed coverage on shares of Hubbell in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $126.67.
Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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