755 Shares in Hubbell Inc (NYSE:HUBB) Purchased by Revisor Wealth Management LLC

Revisor Wealth Management LLC purchased a new position in shares of Hubbell Inc (NYSE:HUBB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 755 shares of the industrial products company's stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also made changes to their positions in HUBB. Creative Financial Designs Inc. ADV raised 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. Tsfg LLC acquired a new position in shares of Hubbell in the first quarter worth $30,000. Johnson Financial Group Inc. lifted its holdings in Hubbell by 166.7% in the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 65 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Hubbell during the first quarter valued at approximately $49,000. Finally, CX Institutional purchased a new position in shares of Hubbell during the 1st quarter worth $49,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. 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 research report on Friday, May 16th. Wall Street Zen lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company set a $420.00 price target on Hubbell and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Barclays increased their price target on Hubbell from $400.00 to $414.00 and gave the company an "equal weight" rating in a report on Monday, June 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $455.50.

Insiders Place Their Bets

In other news, Director Carlos M. Cardoso sold 400 shares of Hubbell stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $386.29, for a total value of $154,516.00. Following the completion of the transaction, the director directly owned 1,727 shares of the company's stock, valued at approximately $667,122.83. The trade was a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gerben Bakker sold 7,723 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 82,101 shares in the company, valued at approximately $31,578,507.63. This trade represents a 8.60% decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Hubbell Stock Down 0.1%

Shares of HUBB stock traded down $0.31 during trading hours on Friday, hitting $414.82. 315,849 shares of the company were exchanged, compared to its average volume of 532,765. The stock has a market capitalization of $22.14 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.45 and a beta of 0.99. Hubbell Inc has a one year low of $299.43 and a one year high of $481.35. The business's 50-day simple moving average is $386.64 and its two-hundred day simple moving average is $383.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 1.17.

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

Hubbell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued 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 1.27%. Hubbell's dividend payout ratio (DPR) is 35.72%.

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.