Goldman Sachs Group Inc. boosted its holdings in shares of Hubbell Incorporated (NYSE:HUBB) by 21.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,531,331 shares of the industrial products company’s stock after purchasing an additional 272,407 shares during the period. Goldman Sachs Group Inc. owned about 2.79% of Hubbell worth $207,251,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP raised its stake in shares of Hubbell by 33.3% in the third quarter. Quantbot Technologies LP now owns 6,699 shares of the industrial products company’s stock valued at $777,000 after acquiring an additional 1,675 shares during the last quarter. FTB Advisors Inc. bought a new position in shares of Hubbell in the fourth quarter valued at approximately $292,000. Ameriprise Financial Inc. raised its stake in shares of Hubbell by 6.0% in the third quarter. Ameriprise Financial Inc. now owns 211,211 shares of the industrial products company’s stock valued at $24,506,000 after acquiring an additional 12,019 shares during the last quarter. BTIM Corp. raised its stake in shares of Hubbell by 0.8% in the fourth quarter. BTIM Corp. now owns 503,745 shares of the industrial products company’s stock valued at $68,177,000 after acquiring an additional 4,056 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Hubbell by 0.3% in the fourth quarter. American Century Companies Inc. now owns 1,776,319 shares of the industrial products company’s stock valued at $240,407,000 after acquiring an additional 5,685 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.
In other news, Chairman David G. Nord sold 12,076 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $133.76, for a total value of $1,615,285.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stephen M. Mais sold 4,692 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $135.59, for a total transaction of $636,188.28. Following the completion of the transaction, the vice president now directly owns 16,669 shares of the company’s stock, valued at approximately $2,260,149.71. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.
Shares of Hubbell Incorporated (NYSE:HUBB) opened at $126.30 on Monday. The company has a current ratio of 2.27, a quick ratio of 1.37 and a debt-to-equity ratio of 0.60. Hubbell Incorporated has a fifty-two week low of $109.32 and a fifty-two week high of $149.03. The company has a market cap of $6,924.02, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00.
Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, January 30th. The industrial products company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.12. Hubbell had a net margin of 6.63% and a return on equity of 20.16%. The firm had revenue of $917.70 million during the quarter, compared to analyst estimates of $901.23 million. During the same quarter in the previous year, the business earned $1.35 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts forecast that Hubbell Incorporated will post 7.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Tuesday, February 27th. Hubbell’s dividend payout ratio (DPR) is 70.00%.
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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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