Brown Advisory Inc. Has $2.18 Million Holdings in Hubbell Inc (NYSE:HUBB)

Brown Advisory Inc. reduced its position in Hubbell Inc (NYSE:HUBB - Free Report) by 21.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,573 shares of the industrial products company's stock after selling 1,767 shares during the period. Brown Advisory Inc.'s holdings in Hubbell were worth $2,175,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Huntington National Bank lifted its position in Hubbell by 3.0% during the fourth quarter. Huntington National Bank now owns 886 shares of the industrial products company's stock worth $371,000 after acquiring an additional 26 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in Hubbell by 0.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,515 shares of the industrial products company's stock worth $2,757,000 after acquiring an additional 26 shares during the last quarter. Mindset Wealth Management LLC lifted its position in Hubbell by 1.7% during the fourth quarter. Mindset Wealth Management LLC now owns 1,655 shares of the industrial products company's stock worth $693,000 after acquiring an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Hubbell by 85.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 65 shares of the industrial products company's stock worth $27,000 after acquiring an additional 30 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG lifted its position in Hubbell by 0.6% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 6,458 shares of the industrial products company's stock worth $2,705,000 after acquiring an additional 39 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBB has been the topic of several recent research reports. Wells Fargo & Company set a $420.00 target price on shares of Hubbell and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Barclays raised their target price on shares of Hubbell from $414.00 to $420.00 and gave the stock an "equal weight" rating in a report on Wednesday. Wall Street Zen cut shares of Hubbell from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Hubbell has an average rating of "Hold" and a consensus price target of $456.25.

Hubbell Price Performance

NYSE:HUBB traded down $3.08 during mid-day trading on Friday, reaching $419.18. The stock had a trading volume of 521,464 shares, compared to its average volume of 536,423. The stock has a 50-day simple moving average of $392.77 and a two-hundred day simple moving average of $382.86. The stock has a market capitalization of $22.37 billion, a PE ratio of 28.36, a P/E/G ratio of 1.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.73. Hubbell Inc has a 12 month low of $299.43 and a 12 month high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $3.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.73 by ($0.23). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. Hubbell had a net margin of 14.29% and a return on equity of 27.68%. The business's revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $3.60 earnings per share. On average, equities analysts anticipate that Hubbell Inc will post 17.63 earnings per share for the current year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $1.32 per share. The ex-dividend date was Friday, May 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.26%. Hubbell's payout ratio is presently 35.72%.

Insiders Place Their Bets

In other news, CEO Gerben Bakker sold 7,723 shares of Hubbell stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $384.63, for a total transaction of $2,970,497.49. Following the transaction, the chief executive officer owned 82,101 shares in the company, valued at approximately $31,578,507.63. The trade was a 8.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carlos M. Cardoso sold 400 shares of Hubbell stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $386.29, for a total transaction of $154,516.00. Following the transaction, the director owned 1,727 shares in the company, valued at approximately $667,122.83. This trade represents a 18.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company's stock.

About Hubbell

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.