Wealth Alliance Sells 76 Shares of Hubbell Incorporated (NYSE:HUBB)

Wealth Alliance reduced its position in shares of Hubbell Incorporated (NYSE:HUBB) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,346 shares of the industrial products company’s stock after selling 76 shares during the period. Wealth Alliance’s holdings in Hubbell were worth $443,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Hubbell by 32,734.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,472,949 shares of the industrial products company’s stock valued at $484,497,000 after buying an additional 1,468,463 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Hubbell by 133.8% in the 1st quarter. Wellington Management Group LLP now owns 1,543,481 shares of the industrial products company’s stock valued at $283,646,000 after buying an additional 883,272 shares in the last quarter. Norges Bank acquired a new position in shares of Hubbell in the 4th quarter valued at $90,375,000. Massachusetts Financial Services Co. MA raised its stake in shares of Hubbell by 46.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,020,067 shares of the industrial products company’s stock valued at $319,699,000 after buying an additional 323,116 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Hubbell by 44.1% in the 4th quarter. Morgan Stanley now owns 597,030 shares of the industrial products company’s stock valued at $140,111,000 after buying an additional 182,790 shares in the last quarter. 88.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HUBB. Mizuho increased their price objective on shares of Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Wells Fargo & Company increased their target price on shares of Hubbell from $351.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. 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. 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.57.

Insiders Place Their Bets

In other Hubbell news, CFO William R. Sperry sold 14,925 shares of the firm’s 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 sale, the chief financial officer now directly owns 37,848 shares in the company, valued at approximately $13,359,965.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Hubbell news, CFO William R. Sperry sold 14,925 shares of the firm’s 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 sale, the chief financial officer now directly owns 37,848 shares in the company, valued at approximately $13,359,965.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Katherine Anne Lane sold 1,468 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $352.51, for a total transaction of $517,484.68. Following the sale, the vice president now owns 9,355 shares in the company, valued at $3,297,731.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,125 shares of company stock worth $12,065,100. Company insiders own 0.66% of the company’s stock.

Hubbell Stock Down 1.3 %

Hubbell stock opened at $391.03 on Thursday. The company’s 50 day simple moving average is $389.91 and its 200 day simple moving average is $338.09. Hubbell Incorporated has a fifty-two week low of $229.09 and a fifty-two week high of $429.61. The firm has a market capitalization of $20.97 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.01.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.11. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm earned $2.60 EPS. Hubbell’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hubbell Incorporated will post 16.43 EPS for the current year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $1.22 per share. The ex-dividend date was Wednesday, February 28th. This represents a $4.88 annualized dividend and a yield of 1.25%. Hubbell’s dividend payout ratio (DPR) is currently 34.73%.

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.