Wcg Management Exits Position in Hubbell Incorporated (HUBB)

Hubbell Incorporated (HUBB) : Wcg Management has sold out all of its stake in Hubbell Incorporated during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 32,000 shares of Hubbell Incorporated which is valued at $3,362,880.

Other Hedge Funds, Including , Pointe Capital Management reduced its stake in HUBB by selling 162 shares or 5.63% in the most recent quarter. The Hedge Fund company now holds 2,713 shares of HUBB which is valued at $287,469. Hubbell Incorporated makes up approx 0.21% of Pointe Capital Management’s portfolio.Woodley Farra Manion Portfolio Management Inc boosted its stake in HUBB in the latest quarter, The investment management firm added 80,414 additional shares and now holds a total of 202,444 shares of Hubbell Incorporated which is valued at $21,552,188. Hubbell Incorporated makes up approx 3.26% of Woodley Farra Manion Portfolio Management Inc’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.

Investors should note that on Jul 22, 2016, Hubbell Incorporated announced a cash dividend of $0.6300. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.

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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