Yousif Capital Management LLC Sells 18,196 Shares of Hubbell Incorporated (NYSE:HUBB)

Yousif Capital Management LLC lowered its holdings in shares of Hubbell Incorporated (NYSE:HUBB) by 71.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,425 shares of the industrial products company’s stock after selling 18,196 shares during the period. Yousif Capital Management LLC’s holdings in Hubbell were worth $2,442,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Hubbell by 1.7% during the third quarter. Vanguard Group Inc. now owns 5,777,774 shares of the industrial products company’s stock valued at $1,810,812,000 after acquiring an additional 96,435 shares during the last quarter. FMR LLC raised its stake in shares of Hubbell by 2.9% during the third quarter. FMR LLC now owns 2,563,965 shares of the industrial products company’s stock valued at $803,572,000 after acquiring an additional 71,962 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Hubbell by 32,734.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,472,949 shares of the industrial products company’s stock valued at $484,497,000 after acquiring an additional 1,468,463 shares during the last quarter. Invesco Ltd. raised its stake in shares of Hubbell by 10.7% during the third quarter. Invesco Ltd. now owns 1,195,043 shares of the industrial products company’s stock valued at $374,538,000 after acquiring an additional 115,886 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Hubbell by 46.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,020,067 shares of the industrial products company’s stock valued at $319,699,000 after acquiring an additional 323,116 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the subject of several analyst reports. StockNews.com downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays increased their price objective on shares of Hubbell from $340.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Mizuho increased their price objective on shares of Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. 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 research report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Hubbell in a research report on Monday, March 11th. They set a “hold” rating and a $427.00 price objective for the company. Five research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $383.57.

Insiders Place Their Bets

In other news, CFO William R. Sperry sold 14,925 shares of Hubbell stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the completion of the transaction, the chief financial officer now directly owns 37,848 shares in the company, valued at $13,359,965.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO William R. Sperry sold 14,925 shares of Hubbell stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.99, for a total transaction of $5,268,375.75. Following the completion of the transaction, the chief financial officer now directly owns 37,848 shares in the company, valued at $13,359,965.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Eugene Mikes sold 397 shares of Hubbell stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $363.45, for a total transaction of $144,289.65. Following the transaction, the insider now owns 4,899 shares of the company’s stock, valued at $1,780,541.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,125 shares of company stock worth $12,065,100. 0.78% of the stock is currently owned by company insiders.

Hubbell Trading Down 0.1 %

NYSE:HUBB opened at $407.15 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 2.48 and a beta of 0.94. The firm has a fifty day simple moving average of $396.93 and a two-hundred day simple moving average of $343.79. Hubbell Incorporated has a 12 month low of $248.37 and a 12 month high of $429.61.

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

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, May 31st. Hubbell’s payout ratio is 34.73%.

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.