Thompson Rubinstein Investment Management Inc Or Lowers stake in Hubbell Incorporated (HUBB)

Hubbell Incorporated (HUBB) : Thompson Rubinstein Investment Management Inc Or reduced its stake in Hubbell Incorporated by 5.22% during the most recent quarter end. The investment management company now holds a total of 82,688 shares of Hubbell Incorporated which is valued at $8,616,090 after selling 4,558 shares in Hubbell Incorporated , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Hubbell Incorporated makes up approximately 3.29% of Thompson Rubinstein Investment Management Inc Or’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in HUBB by selling 3,570 shares or 16.03% in the most recent quarter. The Hedge Fund company now holds 18,699 shares of HUBB which is valued at $1,948,436. Hubbell Incorporated makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Independent Portfolio Consultants reduced its stake in HUBB by selling 65 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 1,700 shares of HUBB which is valued at $179,503. Hubbell Incorporated makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.New England Research Management boosted its stake in HUBB in the latest quarter, The investment management firm added 5,125 additional shares and now holds a total of 7,175 shares of Hubbell Incorporated which is valued at $757,608. Hubbell Incorporated makes up approx 0.64% of New England Research Management’s portfolio. Washington Trust Bank added HUBB to its portfolio by purchasing 9 company shares during the most recent quarter which is valued at $950.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Hubbell Incorporated - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hubbell Incorporated. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.