New York State Common Retirement Fund Has $31.12 Million Stock Position in Hubbell Incorporated (NYSE:HUBB)

New York State Common Retirement Fund lessened its position in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,613 shares of the industrial products company's stock after selling 7,616 shares during the period. New York State Common Retirement Fund owned about 0.18% of Hubbell worth $31,121,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. North Star Asset Management Inc. raised its position in shares of Hubbell by 1.5% during the 3rd quarter. North Star Asset Management Inc. now owns 2,381 shares of the industrial products company's stock worth $746,000 after purchasing an additional 36 shares during the period. Xponance Inc. raised its position in shares of Hubbell by 0.4% during the 4th quarter. Xponance Inc. now owns 9,140 shares of the industrial products company's stock worth $3,006,000 after purchasing an additional 36 shares during the period. Lindenwold Advisors INC increased its position in Hubbell by 1.6% in the 3rd quarter. Lindenwold Advisors INC now owns 2,584 shares of the industrial products company's stock valued at $810,000 after acquiring an additional 41 shares during the period. Atria Wealth Solutions Inc. increased its position in Hubbell by 2.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,924 shares of the industrial products company's stock valued at $603,000 after acquiring an additional 45 shares during the period. Finally, Grove Bank & Trust increased its position in Hubbell by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 400 shares of the industrial products company's stock valued at $125,000 after acquiring an additional 50 shares during the period. Institutional investors own 88.16% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on HUBB. Wells Fargo & Company raised their target price on Hubbell from $351.00 to $360.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on Hubbell in a research report on Monday, March 11th. They issued a "hold" rating and a $427.00 target price on the stock. Barclays raised their target price on Hubbell from $340.00 to $400.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 2nd. Mizuho raised their target price on Hubbell from $370.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Finally, StockNews.com lowered Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Hubbell presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.57.

Hubbell Price Performance

NYSE HUBB traded up $5.26 on Friday, reaching $407.53. 359,099 shares of the stock traded hands, compared to its average volume of 404,981. The company has a market cap of $21.86 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 2.43 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. The firm's fifty day simple moving average is $395.96 and its 200 day simple moving average is $342.63. Hubbell Incorporated has a 12 month low of $248.37 and a 12 month high of $429.61.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.11. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. The company's revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $2.60 EPS. As a group, research analysts predict that Hubbell Incorporated will post 16.43 EPS for the current fiscal year.

Insider Transactions at Hubbell

In other news, CFO William R. Sperry sold 14,925 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the completion of the sale, the chief financial officer now directly owns 37,848 shares of the company's stock, valued at approximately $13,359,965.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Mark Eugene Mikes sold 397 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $363.45, for a total value of $144,289.65. Following the completion of the sale, the insider now owns 4,899 shares of the company's stock, valued at $1,780,541.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William R. Sperry sold 14,925 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $352.99, for a total value of $5,268,375.75. Following the completion of the sale, the chief financial officer now directly owns 37,848 shares of the company's stock, valued at approximately $13,359,965.52. The disclosure for this sale can be found here. Insiders sold a total of 34,125 shares of company stock valued at $12,065,100 in the last three months. 0.66% of the stock is currently owned by corporate insiders.

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.