White Pine Capital LLC Sells 89 Shares of Hubbell Incorporated (NYSE:HUBB)

White Pine Capital LLC trimmed its position in Hubbell Incorporated (NYSE:HUBB) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 940 shares of the industrial products company’s stock after selling 89 shares during the period. White Pine Capital LLC’s holdings in Hubbell were worth $309,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. North Star Asset Management Inc. boosted its position in shares of Hubbell by 1.5% in the 3rd quarter. North Star Asset Management Inc. now owns 2,381 shares of the industrial products company’s stock worth $746,000 after purchasing an additional 36 shares during the last quarter. Xponance Inc. boosted its position in shares of Hubbell by 0.4% in the 4th quarter. Xponance Inc. now owns 9,140 shares of the industrial products company’s stock worth $3,006,000 after purchasing an additional 36 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Hubbell by 2.4% during the third quarter. Atria Wealth Solutions Inc. now owns 1,924 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 45 shares in the last quarter. Grove Bank & Trust lifted its holdings 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 acquiring an additional 50 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Hubbell by 6.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 881 shares of the industrial products company’s stock worth $276,000 after acquiring an additional 50 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hubbell Stock Performance

Shares of NYSE:HUBB traded up $5.26 during trading on Friday, reaching $407.53. 359,603 shares of the stock were exchanged, compared to its average volume of 352,773. Hubbell Incorporated has a 12 month low of $248.37 and a 12 month high of $429.61. The firm has a market cap of $21.86 billion, a PE ratio of 29.01, a PEG ratio of 2.48 and a beta of 0.94. The stock has a 50-day moving average price of $395.96 and a 200-day moving average price of $342.87. The company has a current ratio of 1.64, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70.

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

Insider Buying and Selling at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 13,355 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $353.13, for a total transaction of $4,716,051.15. Following the completion of the transaction, the chief executive officer now directly owns 51,783 shares in the company, valued at $18,286,130.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Katherine Anne Lane sold 1,468 shares of the company’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 directly owns 9,355 shares in the company, valued at $3,297,731.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gerben Bakker sold 13,355 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $353.13, for a total transaction of $4,716,051.15. Following the transaction, the chief executive officer now owns 51,783 shares of the company’s stock, valued at $18,286,130.79. The disclosure for this sale can be found here. Insiders sold a total of 34,125 shares of company stock worth $12,065,100 over the last three months. Corporate insiders own 0.66% of the company’s stock.

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.