Woodley Farra Manion Portfolio Management Inc buys $21,552,188 stake in Hubbell Incorporated (HUBB)

Hubbell Incorporated (HUBB) : Woodley Farra Manion Portfolio Management Inc scooped up 80,414 additional shares in Hubbell Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 202,444 shares of Hubbell Incorporated which is valued at $21,552,188.Hubbell Incorporated makes up approximately 3.26% of Woodley Farra Manion Portfolio Management Inc’s portfolio.

Other Hedge Funds, Including , Neville Rodie Shaw Inc reduced its stake in HUBB by selling 300 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 40,461 shares of HUBB which is valued at $4,296,554. Hubbell Incorporated makes up approx 0.50% of Neville Rodie Shaw Inc’s portfolio.Gateway Investment Advisers reduced its stake in HUBB by selling 18,551 shares or 16.35% in the most recent quarter. The Hedge Fund company now holds 94,922 shares of HUBB which is valued at $10,079,767. Hubbell Incorporated makes up approx 0.08% of Gateway Investment Advisers’s portfolio.

On the company’s financial health, Hubbell Incorporated reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.07. The company had revenue of $834.80 million for the quarter, compared to analysts expectations of $802.86 million. The company’s revenue was up 3.1% 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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