Tokio Marine Asset Management Co. Ltd. Purchases 232 Shares of Hubbell Incorporated (NYSE:HUBB)

Tokio Marine Asset Management Co. Ltd. lifted its position in Hubbell Incorporated (NYSE:HUBB) by 16.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,628 shares of the industrial products company’s stock after buying an additional 232 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Hubbell were worth $535,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Lindbrook Capital LLC grew its holdings in shares of Hubbell by 127.5% in the 4th quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 51 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Hubbell in the 4th quarter worth about $33,000. Sentry Investment Management LLC bought a new stake in shares of Hubbell in the 4th quarter worth about $91,000. Grove Bank & Trust grew its holdings in shares of Hubbell by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 400 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 50 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Hubbell by 43.2% during the 4th quarter. Blue Trust Inc. now owns 424 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Hubbell Stock Performance

Hubbell stock opened at $407.53 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. Hubbell Incorporated has a 1 year low of $248.37 and a 1 year high of $429.61. The company has a market cap of $21.86 billion, a PE ratio of 29.01, a PEG ratio of 2.48 and a beta of 0.94. The company’s 50-day moving average is $395.96 and its two-hundred day moving average is $342.87.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.11. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 EPS. Equities analysts anticipate that Hubbell Incorporated will post 16.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on HUBB shares. Barclays increased their price objective on shares of Hubbell from $340.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company increased their price objective on shares of Hubbell from $351.00 to $360.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Mizuho increased their price objective on shares of Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hubbell in a report on Monday, March 11th. They set a “hold” rating and a $427.00 price objective on the stock. Finally, StockNews.com lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Hubbell presently has an average rating of “Moderate Buy” and an average target price of $383.57.

Insider Activity at Hubbell

In related news, CEO Gerben Bakker sold 13,355 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $353.13, for a total value of $4,716,051.15. Following the sale, the chief executive officer now directly owns 51,783 shares in the company, valued at approximately $18,286,130.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Gerben Bakker sold 13,355 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $353.13, for a total value of $4,716,051.15. Following the sale, the chief executive officer now directly owns 51,783 shares in the company, valued at approximately $18,286,130.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William R. Sperry sold 14,925 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the completion of the sale, the chief financial officer now owns 37,848 shares in the company, valued at $13,359,965.52. The disclosure for this sale can be found here. Insiders have sold 34,125 shares of company stock worth $12,065,100 in the last ninety days. Company insiders own 0.66% of the company’s stock.

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.