Hubbell Inc (HUBB) Holdings Boosted by Teachers Advisors LLC

Teachers Advisors LLC raised its position in Hubbell Inc (NYSE:HUBB) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,815 shares of the industrial products company’s stock after buying an additional 1,262 shares during the period. Teachers Advisors LLC owned 0.45% of Hubbell worth $27,593,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its position in Hubbell by 6.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 165,335 shares of the industrial products company’s stock valued at $19,849,000 after buying an additional 9,759 shares in the last quarter. Janus Capital Management LLC boosted its position in Hubbell by 204.9% in the first quarter. Janus Capital Management LLC now owns 62,800 shares of the industrial products company’s stock valued at $7,539,000 after buying an additional 42,200 shares in the last quarter. Nuance Investments LLC boosted its position in Hubbell by 141.3% in the second quarter. Nuance Investments LLC now owns 53,387 shares of the industrial products company’s stock valued at $6,042,000 after buying an additional 31,260 shares in the last quarter. Brookstone Capital Management acquired a new position in Hubbell in the second quarter valued at about $261,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in Hubbell by 1.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 23,860 shares of the industrial products company’s stock valued at $2,864,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.

Hubbell Inc (HUBB) opened at 113.31 on Thursday. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 21.50 and a beta of 1.03. Hubbell Inc has a 52-week low of $101.15 and a 52-week high of $125.93. The firm has a 50-day moving average of $113.69 and a 200-day moving average of $115.88.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.11. The firm had revenue of $948.30 million for the quarter, compared to the consensus estimate of $937.35 million. Hubbell had a net margin of 8.23% and a return on equity of 19.77%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. On average, equities research analysts forecast that Hubbell Inc will post $5.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.80 dividend on an annualized basis and a yield of 2.47%. Hubbell’s payout ratio is 53.03%.

A number of research firms have commented on HUBB. BidaskClub upgraded shares of Hubbell from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Hubbell from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Wolfe Research began coverage on shares of Hubbell in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, JMP Securities began coverage on shares of Hubbell in a research report on Monday, June 19th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Hubbell has a consensus rating of “Hold” and an average target price of $126.67.

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About Hubbell

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.

Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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