Hubbell Incorporated (NYSE:HUBB) Shares Sold by apricus wealth LLC

apricus wealth LLC decreased its position in shares of Hubbell Incorporated (NYSE:HUBB) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,125 shares of the industrial products company’s stock after selling 297 shares during the quarter. apricus wealth LLC’s holdings in Hubbell were worth $471,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Groupama Asset Managment grew its stake in Hubbell by 17.0% during the 3rd quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company’s stock worth $30,000 after buying an additional 1,010 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Hubbell in the 3rd quarter valued at $33,000. Versant Capital Management Inc boosted its stake in Hubbell by 64.6% during the 4th quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 31 shares during the period. Ashton Thomas Securities LLC purchased a new position in Hubbell during the 3rd quarter worth $41,000. Finally, Quarry LP purchased a new stake in shares of Hubbell in the second quarter valued at about $49,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Stock Performance

Shares of HUBB stock opened at $455.56 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93. Hubbell Incorporated has a one year low of $326.13 and a one year high of $481.35. The company has a 50 day moving average price of $442.63 and a 200 day moving average price of $419.77.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, topping the consensus estimate of $4.47 by $0.02. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted $3.95 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Hubbell Incorporated will post 16.48 EPS for the current year.

Insider Activity

In other news, insider Mark Eugene Mikes sold 1,144 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total value of $533,332.80. Following the completion of the transaction, the insider now directly owns 2,957 shares in the company, valued at approximately $1,378,553.40. This represents a 27.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on HUBB shares. Barclays upped their price objective on Hubbell from $402.00 to $475.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft downgraded Hubbell from a “buy” rating to a “hold” rating and decreased their price target for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. Morgan Stanley increased their target price on shares of Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Mizuho raised their target price on shares of Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, StockNews.com upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $471.50.

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.