Simplicity Solutions LLC Decreases Stock Position in Hubbell Incorporated (NYSE:HUBB)

Simplicity Solutions LLC cut its holdings in Hubbell Incorporated (NYSE:HUBB) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,709 shares of the industrial products company’s stock after selling 89 shares during the period. Simplicity Solutions LLC’s holdings in Hubbell were worth $1,878,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HUBB. North Star Asset Management Inc. lifted its holdings in Hubbell by 1.5% in the 3rd quarter. North Star Asset Management Inc. now owns 2,381 shares of the industrial products company’s stock valued at $746,000 after purchasing an additional 36 shares in the last quarter. Tevis Investment Management lifted its holdings in Hubbell by 4.0% in the 3rd quarter. Tevis Investment Management now owns 960 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 37 shares in the last quarter. Lindenwold Advisors INC lifted its holdings 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 purchasing an additional 41 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings 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 purchasing an additional 45 shares in the last quarter. Finally, Grove Bank & Trust lifted 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 valued at $125,000 after purchasing an additional 50 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 397 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hubbell news, insider Mark Eugene Mikes sold 397 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nero Jonathan M. Del sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total transaction of $387,308.52. Following the sale, the vice president now directly owns 3,646 shares of the company’s stock, valued at approximately $1,286,090.04. The disclosure for this sale can be found here. Insiders sold 34,125 shares of company stock valued at $12,065,100 over the last 90 days. 0.78% of the stock is owned by corporate insiders.

Hubbell Stock Down 1.1 %

HUBB opened at $401.74 on Monday. The firm has a 50 day moving average price of $387.95 and a 200 day moving average price of $336.90. The company has a market cap of $21.55 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 2.45 and a beta of 0.94. Hubbell Incorporated has a 1 year low of $221.03 and a 1 year high of $429.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.64.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.11. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Hubbell had a net margin of 14.14% and a return on equity of 30.82%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 EPS. Sell-side analysts expect that Hubbell Incorporated will post 16.43 earnings per share for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 28th. Hubbell’s dividend payout ratio (DPR) is 34.73%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays upped their target price on shares of Hubbell from $340.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company increased their price objective on shares of Hubbell from $351.00 to $360.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hubbell in a report on Monday, March 11th. They set a “hold” rating and a $427.00 price objective on the stock. StockNews.com lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Mizuho increased their price objective on shares of Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and a consensus price target of $383.57.

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.