Taurus Asset Management Lowers stake in Hubbell Incorporated (HUBB)

Hubbell Incorporated (HUBB) : Taurus Asset Management reduced its stake in Hubbell Incorporated by 2.0% during the most recent quarter end. The investment management company now holds a total of 69,162 shares of Hubbell Incorporated which is valued at $7,394,109 after selling 1,410 shares in Hubbell Incorporated , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Hubbell Incorporated makes up approximately 1.25% of Taurus Asset Management’s portfolio.

Other Hedge Funds, Including , Gotham Asset Management reduced its stake in HUBB by selling 11,464 shares or 27.05% in the most recent quarter. The Hedge Fund company now holds 30,922 shares of HUBB which is valued at $3,305,871. Hubbell Incorporated makes up approx 0.04% of Gotham Asset Management’s portfolio.Teachers Advisors Inc reduced its stake in HUBB by selling 6,956 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 226,580 shares of HUBB which is valued at $24,223,668. Hubbell Incorporated makes up approx 0.04% of Teachers Advisors Inc’s portfolio.Edge Asset Management Inc boosted its stake in HUBB in the latest quarter, The investment management firm added 6,971 additional shares and now holds a total of 159,028 shares of Hubbell Incorporated which is valued at $16,823,572. Hubbell Incorporated makes up approx 0.14% of Edge Asset Management Inc’s portfolio.Zevin Asset Management reduced its stake in HUBB by selling 150 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 14,429 shares of HUBB which is valued at $1,543,182. Hubbell Incorporated makes up approx 0.41% of Zevin Asset Management’s portfolio.Bb&t Securities boosted its stake in HUBB in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 4,006 shares of Hubbell Incorporated which is valued at $423,554. Hubbell Incorporated makes up approx 0.01% of Bb&t Securities’s portfolio.

On the company’s financial health, Hubbell Incorporated reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.43. The company had revenue of $908.80 million for the quarter, compared to analysts expectations of $898.99 million. The company’s revenue was up 4.0% compared to the same quarter last year.

Hubbell Incorporated (Hubbell) is engaged in the design manufacture and sale of electrical and electronic products for a range of non-residential and residential construction industrial and utility applications. The Company operates in two segments: Electrical and Power. The Electrical segment consists of electrical systems products and lighting products. The Electrical segment consists of businesses which sell stock and custom products including standard and special application wiring device products rough-in electrical products connector and grounding products lighting fixtures and controls. It also offers light-emitting diode (LED) luminaire products. The Power segment designs and manufactures various distribution transmission substation and telecommunication products used by the electrical utility industry. It offers these products to electric utilities telecommunication companies pipeline and mining operations and construction and engineering firms among others.

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