William R. Sperry Sells 14,925 Shares of Hubbell Incorporated (NYSE:HUBB) Stock

Hubbell Incorporated (NYSE:HUBBGet Free Report) CFO William R. Sperry sold 14,925 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was 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 directly owns 37,848 shares of the company’s stock, valued at $13,359,965.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Hubbell Price Performance

NYSE HUBB opened at $354.99 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The company has a fifty day simple moving average of $325.61 and a 200 day simple moving average of $311.92. The company has a market cap of $19.03 billion, a P/E ratio of 25.27, a P/E/G ratio of 2.14 and a beta of 0.92. Hubbell Incorporated has a 1 year low of $219.77 and a 1 year high of $358.11.

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, beating the consensus estimate of $3.58 by $0.11. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.60 EPS. On average, sell-side analysts predict that Hubbell Incorporated will post 16.39 EPS for the current year.

Hubbell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 29th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Wednesday, February 28th. Hubbell’s dividend payout ratio is 34.73%.

Hedge Funds Weigh In On Hubbell

A number of hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of Hubbell during the 2nd quarter worth about $28,000. First Manhattan Co. acquired a new stake in shares of Hubbell during the 1st quarter worth about $28,000. Lindbrook Capital LLC grew its holdings in Hubbell by 127.5% during the 4th quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 51 shares during the last quarter. IFP Advisors Inc grew its holdings in Hubbell by 120.6% during the 2nd quarter. IFP Advisors Inc now owns 289 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 158 shares during the last quarter. Finally, Baillie Gifford & Co. bought a new stake in Hubbell during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 85.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Stephens reiterated an “overweight” rating and issued a $375.00 target price on shares of Hubbell in a report on Wednesday, November 1st. Seaport Res Ptn reiterated a “buy” rating on shares of Hubbell in a report on Wednesday, November 8th. Barclays boosted their target price on shares of Hubbell from $330.00 to $340.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. TD Cowen assumed coverage on shares of Hubbell in a report on Friday, December 8th. They issued an “outperform” rating and a $338.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Hubbell presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.00.

Read Our Latest Analysis on HUBB

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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