Knowledge Leaders Capital LLC Sells 112 Shares of Hubbell Incorporated (NYSE:HUBB)

Knowledge Leaders Capital LLC lowered its position in shares of Hubbell Incorporated (NYSE:HUBB) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,525 shares of the industrial products company’s stock after selling 112 shares during the period. Hubbell makes up approximately 1.8% of Knowledge Leaders Capital LLC’s portfolio, making the stock its 26th largest position. Knowledge Leaders Capital LLC’s holdings in Hubbell were worth $1,159,000 at the end of the most recent quarter.

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

Hubbell Price Performance

Shares of NYSE HUBB traded up $5.26 during mid-day trading on Friday, hitting $407.53. 359,603 shares of the company’s stock traded hands, compared to its average volume of 352,773. The company’s 50-day moving average is $395.96 and its two-hundred day moving average is $342.63. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.01. The company has a market capitalization of $21.86 billion, a P/E ratio of 29.01, a PEG ratio of 2.45 and a beta of 0.94. Hubbell Incorporated has a 1 year low of $248.37 and a 1 year high of $429.61.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.11. The firm 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 business’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.60 EPS. On average, equities analysts anticipate that Hubbell Incorporated will post 16.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on HUBB shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Hubbell in a report on Monday, March 11th. They issued a “hold” rating and a $427.00 target price for the company. Barclays boosted their price target on shares of Hubbell from $340.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Mizuho boosted their price target on shares of Hubbell from $370.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. StockNews.com cut shares of Hubbell from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Hubbell from $351.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Hubbell currently has an average rating of “Moderate Buy” and a consensus target price of $383.57.

Insider Activity at Hubbell

In related news, VP Nero Jonathan M. Del sold 1,098 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.74, for a total transaction of $387,308.52. Following the transaction, the vice president now directly owns 3,646 shares in the company, valued at approximately $1,286,090.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hubbell news, VP Nero Jonathan M. Del sold 1,098 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $352.74, for a total value of $387,308.52. Following the transaction, the vice president now directly owns 3,646 shares in the company, valued at approximately $1,286,090.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Katherine Anne Lane sold 1,468 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,125 shares of company stock worth $12,065,100. Insiders own 0.66% of the company’s stock.

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.