Epoch Investment Partners Inc. Reduces Stock Position in Hubbell Incorporated (NYSE:HUBB)

Epoch Investment Partners Inc. lessened its holdings in shares of Hubbell Incorporated (NYSE:HUBB) by 11.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,897 shares of the industrial products company’s stock after selling 6,183 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.09% of Hubbell worth $20,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Meeder Advisory Services Inc. raised its position in shares of Hubbell by 3.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 816 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 30 shares during the period. Xponance Inc. increased its holdings in shares of Hubbell by 0.4% in the 4th quarter. Xponance Inc. now owns 9,140 shares of the industrial products company’s stock worth $3,006,000 after buying an additional 36 shares during the last quarter. Tectonic Advisors LLC boosted its stake in shares of Hubbell by 4.0% during the 1st quarter. Tectonic Advisors LLC now owns 946 shares of the industrial products company’s stock worth $393,000 after purchasing an additional 36 shares during the period. Tevis Investment Management boosted its stake in shares of Hubbell by 4.6% during the 1st quarter. Tevis Investment Management now owns 901 shares of the industrial products company’s stock worth $374,000 after purchasing an additional 40 shares during the period. Finally, Czech National Bank boosted its stake in shares of Hubbell by 0.4% during the 1st quarter. Czech National Bank now owns 9,435 shares of the industrial products company’s stock worth $3,916,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Stock Up 3.2 %

Shares of NYSE:HUBB traded up $11.54 during trading hours on Friday, hitting $367.09. The company’s stock had a trading volume of 342,262 shares, compared to its average volume of 557,696. Hubbell Incorporated has a 52 week low of $248.37 and a 52 week high of $429.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.66 and a quick ratio of 1.03. The company has a market capitalization of $19.71 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.36 and a beta of 0.90. The firm’s fifty day moving average price is $379.20 and its 200 day moving average price is $378.97.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.54 by $0.06. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business posted $3.61 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, research analysts expect that Hubbell Incorporated will post 16.33 EPS for the current year.

Insider Buying and Selling

In related news, insider Alyssa R. Flynn sold 1,106 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $406.79, for a total transaction of $449,909.74. Following the completion of the transaction, the insider now owns 4,234 shares in the company, valued at approximately $1,722,348.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Alyssa R. Flynn sold 1,106 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $406.79, for a total transaction of $449,909.74. Following the completion of the transaction, the insider now owns 4,234 shares in the company, valued at approximately $1,722,348.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Neal J. Keating acquired 500 shares of Hubbell stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $378.77 per share, with a total value of $189,385.00. Following the purchase, the director now owns 8,571 shares in the company, valued at $3,246,437.67. The disclosure for this purchase can be found here. Insiders sold a total of 3,055 shares of company stock worth $1,232,139 in the last 90 days. 0.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HUBB has been the subject of a number of recent analyst reports. Barclays dropped their price target on shares of Hubbell from $400.00 to $384.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Wells Fargo & Company lowered their price objective on shares of Hubbell from $435.00 to $397.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.57.

Hubbell 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.