Hubbell Inc (NYSE:HUBB) Shares Sold by Arlington Capital Management Inc.

Arlington Capital Management Inc. lessened its stake in Hubbell Inc (NYSE:HUBB - Free Report) by 50.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 760 shares of the industrial products company's stock after selling 760 shares during the quarter. Arlington Capital Management Inc.'s holdings in Hubbell were worth $251,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tsfg LLC acquired a new stake in shares of Hubbell during the 1st quarter worth about $30,000. Johnson Financial Group Inc. grew its stake in Hubbell by 166.7% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock worth $44,000 after buying an additional 65 shares during the last quarter. NBC Securities Inc. acquired a new position in Hubbell during the first quarter worth approximately $49,000. CX Institutional acquired a new stake in shares of Hubbell in the first quarter valued at approximately $49,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Hubbell during the first quarter worth approximately $66,000. Hedge funds and other institutional investors own 88.16% of the company's stock.

Hubbell Stock Performance

Shares of NYSE:HUBB traded up $5.11 during trading on Friday, reaching $442.61. The company had a trading volume of 489,931 shares, compared to its average volume of 486,468. 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 fifty-two week low of $299.42 and a fifty-two week high of $481.35. The firm has a market capitalization of $23.62 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 2.52 and a beta of 0.99. The stock's fifty day moving average price is $404.50 and its 200 day moving average price is $383.31.

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

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.19%. Hubbell's payout ratio is 35.72%.

Insiders Place Their Bets

In other Hubbell news, Director Carlos M. Cardoso sold 400 shares of the business's 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 sale, the director directly owned 1,727 shares in the company, valued at approximately $667,122.83. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gerben Bakker sold 7,723 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $384.63, for a total value of $2,970,497.49. Following the sale, 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 disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HUBB has been the subject of several research reports. Wells Fargo & Company set a $420.00 price target on shares of Hubbell and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their target price on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen cut Hubbell from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Finally, Barclays boosted their price target on Hubbell from $414.00 to $420.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $456.25.

Hubbell Company 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.