Hubbell Incorporated (NYSE:HUBB) VP Sells $517,484.68 in Stock

Hubbell Incorporated (NYSE:HUBBGet Free Report) VP Katherine Anne Lane sold 1,468 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $352.51, for a total transaction of $517,484.68. Following the sale, the vice president now directly owns 9,355 shares in the company, valued at approximately $3,297,731.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hubbell Price Performance

NYSE HUBB opened at $363.01 on Friday. Hubbell Incorporated has a 12 month low of $219.77 and a 12 month high of $363.36. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 2.19 and a beta of 0.92. The company’s 50 day moving average is $327.97 and its two-hundred day moving average is $312.40. 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 (NYSE:HUBBGet Free Report) last released its earnings results on Tuesday, January 30th. The industrial products company reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.11. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business earned $2.60 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. As a group, research analysts anticipate that Hubbell Incorporated will post 16.39 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 29th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, February 28th. Hubbell’s payout ratio is currently 34.73%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HUBB. Wells Fargo & Company raised their price target on shares of Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Barclays increased their price objective on shares of Hubbell from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. TD Cowen initiated coverage on shares of Hubbell in a research note on Friday, December 8th. They issued an “outperform” rating and a $338.00 price objective on the stock. Seaport Res Ptn reiterated a “buy” rating on shares of Hubbell in a research note on Wednesday, November 8th. Finally, JPMorgan Chase & Co. upgraded shares of Hubbell from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $333.00 to $335.00 in a research note on Friday, November 17th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $353.00.

View Our Latest Report on Hubbell

Institutional Investors Weigh In On Hubbell

Several institutional investors and hedge funds have recently modified their holdings of HUBB. EverSource Wealth Advisors LLC raised its position in shares of Hubbell by 1,850.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company’s stock valued at $26,000 after buying an additional 74 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Hubbell during the second quarter valued at approximately $28,000. First Manhattan Co. bought a new stake in shares of Hubbell during the first quarter valued at approximately $28,000. Lindbrook Capital LLC raised its position in shares of Hubbell by 127.5% during the fourth quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock valued at $30,000 after buying an additional 51 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Hubbell by 120.6% during the second quarter. IFP Advisors Inc now owns 289 shares of the industrial products company’s stock valued at $31,000 after buying an additional 158 shares during the last quarter. Institutional investors own 85.97% of the company’s stock.

Hubbell Company Profile

(Get 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.

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Insider Buying and Selling by Quarter for Hubbell (NYSE:HUBB)

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