Hubbell Incorporated (NYSE:HUBB) Shares Sold by West Oak Capital LLC

West Oak Capital LLC lessened its position in Hubbell Incorporated (NYSE:HUBB) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,655 shares of the industrial products company’s stock after selling 385 shares during the period. Hubbell makes up 1.3% of West Oak Capital LLC’s investment portfolio, making the stock its 18th largest holding. West Oak Capital LLC’s holdings in Hubbell were worth $2,836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Manhattan Co. acquired a new position in Hubbell during the first quarter worth $28,000. Atlas Capital Advisors LLC purchased a new position in shares of Hubbell in the 4th quarter valued at about $40,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Hubbell in the fourth quarter valued at about $47,000. Coppell Advisory Solutions LLC purchased a new stake in Hubbell during the second quarter worth about $50,000. Finally, Compass Wealth Management LLC acquired a new position in Hubbell during the fourth quarter worth about $82,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Insiders Place Their Bets

In other news, VP Nero Jonathan M. Del sold 1,098 shares of Hubbell stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total value of $387,308.52. Following the completion of the sale, the vice president now owns 3,646 shares of the company’s stock, valued at $1,286,090.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO William R. Sperry sold 14,925 shares of the company’s stock in a transaction that occurred on 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 owns 37,848 shares of the company’s stock, valued at $13,359,965.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nero Jonathan M. Del sold 1,098 shares of Hubbell stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $352.74, for a total transaction of $387,308.52. Following the completion of the transaction, the vice president now owns 3,646 shares in the company, valued at approximately $1,286,090.04. 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 in the last quarter. 0.66% of the stock is currently owned by company insiders.

Hubbell Price Performance

Hubbell stock traded up $2.40 during midday trading on Thursday, reaching $416.26. 79,499 shares of the company were exchanged, compared to its average volume of 412,637. The firm’s 50-day simple moving average is $369.24 and its 200-day simple moving average is $328.49. Hubbell Incorporated has a 1 year low of $219.77 and a 1 year high of $419.64. The company has a market capitalization of $22.32 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 2.52 and a beta of 0.93. 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 released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.11. The company had revenue of $1.35 billion for 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 firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $2.60 EPS. On average, analysts anticipate that Hubbell Incorporated will post 16.41 EPS for the current year.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $1.22 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $4.88 annualized dividend and a yield of 1.17%. Hubbell’s dividend payout ratio (DPR) is presently 34.73%.

Analyst Ratings Changes

Several equities research analysts have recently commented on HUBB shares. Deutsche Bank Aktiengesellschaft started coverage on Hubbell in a research note on Monday, March 11th. They set a “hold” rating and a $427.00 price target on the stock. Mizuho upped their target price on Hubbell from $370.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. StockNews.com cut Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays boosted their price objective on shares of Hubbell from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company raised their target price on shares of Hubbell from $351.00 to $360.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $375.00.

Hubbell Company 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.