Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Position in Hubbell Incorporated (NYSE:HUBB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Hubbell Incorporated (NYSE:HUBBFree Report) by 58.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,860 shares of the industrial products company’s stock after selling 15,044 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hubbell were worth $3,404,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HUBB. First Manhattan Co. purchased a new position in shares of Hubbell in the 1st quarter worth approximately $28,000. IFP Advisors Inc boosted its holdings in shares of Hubbell by 120.6% in the 2nd quarter. IFP Advisors Inc now owns 289 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 158 shares during the period. Atlas Capital Advisors LLC purchased a new position in shares of Hubbell in the 4th quarter worth approximately $40,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Hubbell in the 4th quarter worth approximately $47,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Hubbell by 40.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 152 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 85.97% of the company’s stock.

Insider Buying and Selling at Hubbell

In related news, Director John F. Malloy purchased 797 shares of Hubbell stock in a transaction dated Monday, December 11th. The stock was purchased at an average cost of $313.50 per share, with a total value of $249,859.50. Following the transaction, the director now owns 17,923 shares in the company, valued at approximately $5,618,860.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Nero Jonathan M. Del sold 1,098 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total value of $387,308.52. Following the completion of the transaction, the vice president now directly owns 3,646 shares of the company’s stock, valued at approximately $1,286,090.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John F. Malloy purchased 797 shares of Hubbell stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $313.50 per share, with a total value of $249,859.50. Following the completion of the transaction, the director now owns 17,923 shares in the company, valued at approximately $5,618,860.50. The disclosure for this purchase can be found here. Insiders sold a total of 31,891 shares of company stock valued at $11,262,870 in the last ninety days. Corporate insiders own 0.66% of the company’s stock.

Hubbell Trading Down 0.9 %

Shares of NYSE HUBB opened at $359.82 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $327.97 and a two-hundred day simple moving average of $312.42. The firm has a market cap of $19.29 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Hubbell Incorporated has a twelve month low of $219.77 and a twelve month high of $364.76.

Hubbell (NYSE:HUBBGet Free Report) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.11. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. Hubbell’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.60 EPS. Analysts expect that Hubbell Incorporated will post 16.39 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Wednesday, February 28th. Hubbell’s dividend payout ratio (DPR) is presently 34.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HUBB shares. Seaport Res Ptn reiterated a “buy” rating on shares of Hubbell in a report on Wednesday, November 8th. Barclays boosted their price objective on Hubbell from $330.00 to $340.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upgraded Hubbell from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $333.00 to $335.00 in a report on Friday, November 17th. StockNews.com cut Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Stephens restated an “overweight” rating and set a $375.00 price objective on shares of Hubbell in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $353.00.

View Our Latest Report on Hubbell

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.

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Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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