Zevin Asset Management Lowers stake in Hubbell Incorporated (HUBB)

Hubbell Incorporated (HUBB) : Zevin Asset Management reduced its stake in Hubbell Incorporated by 1.03% during the most recent quarter end. The investment management company now holds a total of 14,429 shares of Hubbell Incorporated which is valued at $1,543,182 after selling 150 shares in Hubbell Incorporated , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Hubbell Incorporated makes up approximately 0.41% of Zevin Asset Management’s portfolio.

Other Hedge Funds, Including , Neuberger Berman Group reduced its stake in HUBB by selling 5,875 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 396,305 shares of HUBB which is valued at $41,901,328. Hubbell Incorporated makes up approx 0.06% of Neuberger Berman Group’s portfolio.Ftb Advisors reduced its stake in HUBB by selling 51 shares or 3.14% in the most recent quarter. The Hedge Fund company now holds 1,573 shares of HUBB which is valued at $169,617. Hubbell Incorporated makes up approx 0.02% of Ftb Advisors’s portfolio.Huntington National Bank reduced its stake in HUBB by selling 754 shares or 23.24% in the most recent quarter. The Hedge Fund company now holds 2,490 shares of HUBB which is valued at $263,840. Hubbell Incorporated makes up approx 0.01% of Huntington National Bank’s portfolio.Independent Portfolio Consultants reduced its stake in HUBB by selling 155 shares or 8.07% in the most recent quarter. The Hedge Fund company now holds 1,765 shares of HUBB which is valued at $188,431. Hubbell Incorporated makes up approx 0.06% of Independent Portfolio Consultants’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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