Hubbell Incorporated (NYSE:HUBB) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 71.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,425 shares of the industrial products company's stock after selling 18,196 shares during the quarter. Yousif Capital Management LLC's holdings in Hubbell were worth $2,442,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in shares of Hubbell by 127.5% during the 4th quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 51 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Hubbell in the 4th quarter worth about $33,000. Sentry Investment Management LLC purchased a new stake in Hubbell in the 4th quarter worth about $91,000. Grove Bank & Trust increased its holdings in Hubbell by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 400 shares of the industrial products company's stock worth $125,000 after acquiring an additional 50 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Hubbell by 43.2% in the 4th quarter. Blue Trust Inc. now owns 424 shares of the industrial products company's stock worth $133,000 after acquiring an additional 128 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gerben Bakker sold 13,355 shares of the company's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $353.13, for a total value of $4,716,051.15. Following the sale, the chief executive officer now directly owns 51,783 shares of the company's stock, valued at $18,286,130.79. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Gerben Bakker sold 13,355 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $353.13, for a total value of $4,716,051.15. Following the sale, the chief executive officer now directly owns 51,783 shares of the company's stock, valued at $18,286,130.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William R. Sperry sold 14,925 shares of the 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 in the company, valued at $13,359,965.52. The disclosure for this sale can be found here. Insiders have sold a total of 34,125 shares of company stock valued at $12,065,100 over the last ninety days. Company insiders own 0.78% of the company's stock.

Hubbell Trading Down 9.0 %

NYSE:HUBB traded down $36.67 during trading hours on Tuesday, hitting $370.52. The company had a trading volume of 1,650,920 shares, compared to its average volume of 421,629. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.01. Hubbell Incorporated has a 52 week low of $248.37 and a 52 week high of $429.61. The company has a market capitalization of $19.87 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.48 and a beta of 0.94. The stock has a 50-day moving average price of $397.23 and a 200 day moving average price of $344.32.

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

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $1.22 dividend. The ex-dividend date is Friday, May 31st. This represents a $4.88 annualized dividend and a yield of 1.32%. Hubbell's payout ratio is 34.73%.

Wall Street Analyst Weigh In

HUBB has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on Hubbell from $351.00 to $360.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 31st. Barclays raised their target price on Hubbell from $340.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft started coverage on Hubbell in a research note on Monday, March 11th. They issued a "hold" rating and a $427.00 target price for the company. Mizuho raised their target price on Hubbell from $370.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, StockNews.com downgraded Hubbell from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $383.57.

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.