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

Monument Capital Management lowered its stake in Hubbell Inc (NYSE:HUBB - Free Report) by 91.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 760 shares of the industrial products company's stock after selling 7,818 shares during the quarter. Monument Capital Management's holdings in Hubbell were worth $252,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HUBB. CX Institutional purchased a new position in shares of Hubbell during the 1st quarter worth approximately $49,000. Smartleaf Asset Management LLC boosted its position in shares of Hubbell by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the industrial products company's stock worth $80,000 after buying an additional 38 shares during the period. UMB Bank n.a. boosted its position in shares of Hubbell by 21.1% during the first quarter. UMB Bank n.a. now owns 322 shares of the industrial products company's stock worth $107,000 after buying an additional 56 shares during the period. Blue Trust Inc. grew its stake in shares of Hubbell by 43.6% in the first quarter. Blue Trust Inc. now owns 382 shares of the industrial products company's stock valued at $126,000 after buying an additional 116 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Hubbell by 1.8% in the 4th quarter. Janus Henderson Group PLC now owns 7,130 shares of the industrial products company's stock valued at $2,988,000 after buying an additional 123 shares during the period. Hedge funds and other institutional investors own 88.16% of the company's stock.

Insider Transactions at Hubbell

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

Hubbell Stock Down 0.1%

Shares of HUBB stock traded down $0.31 during trading hours on Friday, reaching $414.82. 315,849 shares of the stock were exchanged, compared to its average volume of 532,765. The business's fifty day moving average is $386.64 and its two-hundred day moving average is $383.54. 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. The firm has a market capitalization of $22.14 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.45 and a beta of 0.99.

Hubbell (NYSE:HUBB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $3.50 EPS 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 firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period in the prior year, the company posted $3.60 earnings per share. The company's revenue for the quarter was down 2.4% on a year-over-year basis. As a group, research analysts expect that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, May 30th. Hubbell's dividend payout ratio is presently 35.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen cut Hubbell from a "buy" rating to a "hold" rating in a report on Friday, April 11th. JPMorgan Chase & Co. increased their price target on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays raised their price objective on shares of Hubbell from $400.00 to $414.00 and gave the company an "equal weight" rating in a research note on Monday, June 9th. Finally, Wells Fargo & Company set a $420.00 target price on shares of Hubbell and gave the stock an "equal weight" rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Hubbell has a consensus rating of "Hold" and a consensus target price of $455.50.

Hubbell 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.