Stephens Investment Management Group LLC Has $52.54 Million Holdings in Hubbell Incorporated (NYSE:HUBB)

Stephens Investment Management Group LLC trimmed its position in shares of Hubbell Incorporated (NYSE:HUBB) by 0.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 125,426 shares of the industrial products company’s stock after selling 345 shares during the period. Stephens Investment Management Group LLC’s holdings in Hubbell were worth $52,540,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mizuho Securities USA LLC lifted its stake in Hubbell by 192,421.1% in the third quarter. Mizuho Securities USA LLC now owns 7,980,000 shares of the industrial products company’s stock valued at $3,418,233,000 after acquiring an additional 7,975,855 shares during the last quarter. State Street Corp raised its holdings in shares of Hubbell by 1.1% during the 3rd quarter. State Street Corp now owns 2,092,215 shares of the industrial products company’s stock valued at $896,200,000 after purchasing an additional 22,507 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Hubbell by 42,735.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,919,865 shares of the industrial products company’s stock valued at $8,223,740,000 after purchasing an additional 1,915,383 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Hubbell by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,417,476 shares of the industrial products company’s stock worth $607,176,000 after buying an additional 82,258 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Hubbell by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,254,905 shares of the industrial products company’s stock valued at $535,681,000 after buying an additional 8,278 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

Wall Street Analyst Weigh In

HUBB has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. StockNews.com lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Mizuho boosted their target price on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded Hubbell from a “buy” rating to a “hold” rating and lowered their price target for the company from $493.00 to $473.00 in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein began coverage on Hubbell in a research note on Tuesday, November 5th. They set an “outperform” rating and a $535.00 target price for the company. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hubbell currently has a consensus rating of “Hold” and a consensus price target of $471.50.

Hubbell Price Performance

Shares of HUBB stock opened at $401.04 on Friday. The company has a market capitalization of $21.52 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.36 and a beta of 0.92. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44. Hubbell Incorporated has a 12 month low of $346.13 and a 12 month high of $481.35. The stock has a 50 day moving average of $433.34 and a two-hundred day moving average of $422.15.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.08. Hubbell had a net margin of 13.82% and a return on equity of 28.62%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm posted $3.69 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts expect that Hubbell Incorporated will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $1.32 per share. The ex-dividend date is Friday, February 28th. This represents a $5.28 annualized dividend and a dividend yield of 1.32%. Hubbell’s dividend payout ratio (DPR) is presently 36.77%.

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.