Hubbell Incorporated (NYSE:HUBB) Insider Mark Eugene Mikes Sells 1,942 Shares

Hubbell Incorporated (NYSE:HUBBGet Free Report) insider Mark Eugene Mikes sold 1,942 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $401.34, for a total transaction of $779,402.28. Following the completion of the sale, the insider now directly owns 3,436 shares in the company, valued at $1,379,004.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Hubbell Trading Up 0.9 %

NYSE:HUBB traded up $3.69 during mid-day trading on Wednesday, reaching $404.73. The company’s stock had a trading volume of 340,011 shares, compared to its average volume of 425,583. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.66 and a quick ratio of 1.03. The stock has a market cap of $21.73 billion, a P/E ratio of 29.91, a P/E/G ratio of 1.56 and a beta of 0.96. The company’s fifty day simple moving average is $401.14 and its two-hundred day simple moving average is $351.78. Hubbell Incorporated has a twelve month low of $248.37 and a twelve month high of $429.61.

Hubbell (NYSE:HUBBGet Free Report) last released its earnings results on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.54 by $0.06. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company earned $3.61 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that Hubbell Incorporated will post 16.35 EPS for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, May 31st. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.21%. Hubbell’s payout ratio is 36.39%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HUBB. Mizuho increased their price target on shares of Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Hubbell in a research report on Monday, March 11th. They set a “hold” rating and a $427.00 price target for the company. Wells Fargo & Company reduced their price objective on Hubbell from $435.00 to $397.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Barclays dropped their price objective on Hubbell from $400.00 to $384.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Finally, 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $386.57.

Read Our Latest Stock Analysis on Hubbell

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Nvwm LLC acquired a new stake in Hubbell during the first quarter worth about $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Hubbell by 1,850.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 78 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 74 shares during the period. Lindbrook Capital LLC grew its holdings in shares of 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 purchasing an additional 51 shares during the period. Baillie Gifford & Co. acquired a new stake in Hubbell during the 4th quarter worth approximately $33,000. Finally, Principal Securities Inc. purchased a new position in Hubbell in the fourth quarter valued at approximately $40,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

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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