Hubbell Incorporated (NYSE:HUBB) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its position in Hubbell Incorporated (NYSE:HUBB) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,746 shares of the industrial products company’s stock after selling 178 shares during the period. Atria Wealth Solutions Inc.’s holdings in Hubbell were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in shares of Hubbell by 127.5% in the fourth 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 shares of Hubbell in the fourth quarter valued at about $33,000. Sentry Investment Management LLC acquired a new stake in Hubbell during the fourth quarter worth about $91,000. Grove Bank & Trust raised its stake in Hubbell by 14.3% during the third quarter. Grove Bank & Trust now owns 400 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 50 shares during the period. Finally, Blue Trust Inc. raised its stake in Hubbell by 43.2% during the fourth quarter. Blue Trust Inc. now owns 424 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 128 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 397 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $363.45, for a total value of $144,289.65. Following the sale, the insider now owns 4,899 shares of the company’s stock, valued at approximately $1,780,541.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Katherine Anne Lane sold 1,468 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $352.51, for a total transaction of $517,484.68. Following the completion of the transaction, the vice president now owns 9,355 shares in the company, valued at $3,297,731.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark Eugene Mikes sold 397 shares of the firm’s stock in a transaction 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 in the company, valued at $1,780,541.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,747 shares of company stock worth $1,693,364. Company insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

HUBB has been the subject of a number of recent analyst reports. 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 target 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. Barclays decreased their price target on Hubbell from $400.00 to $384.00 and set an “equal weight” rating on the stock in a research note on Thursday. StockNews.com lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Hubbell from $435.00 to $397.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $386.57.

Hubbell Stock Performance

NYSE HUBB opened at $379.89 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.66 and a quick ratio of 1.01. The company has a market cap of $20.37 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.47 and a beta of 0.96. The stock has a 50-day moving average of $398.06 and a two-hundred day moving average of $345.96. Hubbell Incorporated has a 1-year low of $248.37 and a 1-year high of $429.61.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.54 by $0.06. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.61 earnings per share. As a group, analysts anticipate that Hubbell Incorporated will post 16.35 EPS for the current year.

Hubbell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $1.22 dividend. The ex-dividend date is Thursday, May 30th. This represents a $4.88 dividend on an annualized basis and a yield of 1.28%. Hubbell’s dividend payout ratio (DPR) is presently 36.39%.

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.