Hubbell Incorporated (NYSE:HUBB) Shares Purchased by Consolidated Planning Corp

Consolidated Planning Corp boosted its stake in Hubbell Incorporated (NYSE:HUBB) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,803 shares of the industrial products company’s stock after acquiring an additional 96 shares during the period. Consolidated Planning Corp’s holdings in Hubbell were worth $922,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. North Star Asset Management Inc. increased its position in Hubbell by 1.5% in the 3rd quarter. North Star Asset Management Inc. now owns 2,381 shares of the industrial products company’s stock valued at $746,000 after acquiring an additional 36 shares during the period. Xponance Inc. increased its position in Hubbell by 0.4% during the 4th quarter. Xponance Inc. now owns 9,140 shares of the industrial products company’s stock worth $3,006,000 after purchasing an additional 36 shares during the period. Lindenwold Advisors INC increased its position in Hubbell by 1.6% during the 3rd quarter. Lindenwold Advisors INC now owns 2,584 shares of the industrial products company’s stock worth $810,000 after purchasing an additional 41 shares during the period. Atria Wealth Solutions Inc. increased its position in Hubbell by 2.4% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,924 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 45 shares during the period. Finally, Grove Bank & Trust increased its position in Hubbell by 14.3% during the 3rd quarter. Grove Bank & Trust now owns 400 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Hubbell in a research report on Monday, March 11th. They set a “hold” rating and a $427.00 target price on the stock. Mizuho boosted their target price on Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Barclays boosted their price target on Hubbell from $340.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company boosted their price target on Hubbell from $351.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $383.57.

Hubbell Price Performance

HUBB stock traded up $5.26 on Friday, reaching $407.53. The company had a trading volume of 359,603 shares, compared to its average volume of 352,773. Hubbell Incorporated has a 1 year low of $248.37 and a 1 year high of $429.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.64. The company’s fifty day moving average is $395.96 and its 200 day moving average is $342.63. The company has a market cap of $21.86 billion, a P/E ratio of 29.01, a PEG ratio of 2.45 and a beta of 0.94.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.11. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company earned $2.60 EPS. Hubbell’s revenue was up 10.3% on a year-over-year basis. On average, research analysts forecast that Hubbell Incorporated will post 16.43 earnings per share for the current year.

Insider Buying and Selling at Hubbell

In other Hubbell news, VP Nero Jonathan M. Del sold 1,098 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total value of $387,308.52. Following the completion of the transaction, the vice president now directly owns 3,646 shares in the company, valued at approximately $1,286,090.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hubbell news, CEO Gerben Bakker sold 13,355 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $353.13, for a total value of $4,716,051.15. Following the completion of the transaction, the chief executive officer now directly owns 51,783 shares in the company, valued at approximately $18,286,130.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nero Jonathan M. Del sold 1,098 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total value of $387,308.52. Following the sale, the vice president now owns 3,646 shares of the company’s stock, valued at $1,286,090.04. The disclosure for this sale can be found here. In the last three months, insiders sold 34,125 shares of company stock worth $12,065,100. Insiders own 0.66% of the company’s stock.

About Hubbell

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.