Hubbell Incorporated (NYSE:HUBB) Shares Purchased by LPL Financial LLC

LPL Financial LLC grew its stake in shares of Hubbell Incorporated ( NYSE:HUBB – Free Report ) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,158 shares of the industrial products company’s stock after purchasing an additional 2,742 shares during the quarter.

LPL Financial LLC’s holdings in Hubbell were worth $10,538,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc.



acquired a new position in Hubbell during the 4th quarter worth approximately $63,647,000. Bank of New York Mellon Corp raised its stake in shares of Hubbell by 4.8% during the fourth quarter.

Bank of New York Mellon Corp now owns 2,826,327 shares of the industrial products company’s stock valued at $1,183,920,000 after purchasing an additional 129,490 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Hubbell during the fourth quarter worth $40,533,000. Vontobel Holding Ltd.

boosted its stake in shares of Hubbell by 9,720.7% in the fourth quarter. Vontobel Holding Ltd.

now owns 74,048 shares of the industrial products company’s stock valued at $31,018,000 after purchasing an additional 73,294 shares during the period. Finally, RWC Asset Management LLP purchased a new position in shares of Hubbell in the fourth quarter valued at $22,375,000. Hedge funds and other institutional investors own 88.

16% of the company’s stock. Insiders Place Their Bets In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of the company’s stock in a transaction dated Thursday, February 20th.

The shares were sold at an average price of $389.06, for a total value of $452,865.84.

Following the completion of the transaction, the insider now owns 4,327 shares in the company, valued at approximately $1,683,462.62. This represents a 21.

20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . 0.

66% of the stock is owned by corporate insiders. Analyst Upgrades and Downgrades Get Our Latest Analysis on HUBB Hubbell Trading Down 5.9 % Hubbell stock opened at $321.

41 on Friday. Hubbell Incorporated has a 1 year low of $313.13 and a 1 year high of $481.

35. The firm’s 50-day moving average is $370.54 and its 200-day moving average is $416.

68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.

98 and a current ratio of 1.64. The company has a market cap of $17.

25 billion, a P/E ratio of 22.38, a PEG ratio of 1.34 and a beta of 0.

95. Hubbell ( NYSE:HUBB – Get Free Report ) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $4.

10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.08.

The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.41 billion.

Hubbell had a net margin of 13.82% and a return on equity of 28.62%.

Hubbell’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $3.

69 earnings per share. On average, equities analysts expect that Hubbell Incorporated will post 17.63 earnings per share for the current year.

Hubbell declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to repurchase up to 2.

4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued. Hubbell Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th.

Investors of record on Friday, February 28th were paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Friday, February 28th.

This represents a $5.28 dividend on an annualized basis and a yield of 1.64%.

Hubbell’s payout ratio is currently 36.77%. About Hubbell ( Free Report ) 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. Featured Articles Receive News & Ratings for Hubbell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hubbell and related companies with MarketBeat.

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