In recent trading activity, Alyssa R. Flynn, Hubbell Inc's (NYSE:HUBB) Chief Human Resources Officer, sold shares of the company's stock, totaling over $3,000. The transactions took place on May 14 and 15, according to the latest filings.
Flynn executed sales at prices that ranged from $399.82 to $403.82. On May 14, a fractional amount of shares was sold at $399.82. The following day, a larger number of shares were sold, with the price reported as the weighted average sales price, which falls within the range of $403.46 to $403.87.
The total value of the shares sold by Flynn amounted to approximately $3,128. This sale resulted in Flynn's ownership of Hubbell Inc common stock decreasing, but she still retains a significant number of shares post-transaction.
Investors often monitor insider trading activity, such as sales and purchases of company stock by executives and directors, for insights into a company's financial health and the confidence that insiders have in their firm's prospects.
Hubbell Inc, headquartered in Shelton, Connecticut, is a manufacturer known for its electronic components and accessories. The company has a longstanding history, having undergone a name change from Hubbell Harvey Inc back in 1986.
For further details on the transactions, interested parties can refer to the full information provided to the Securities and Exchange Commission upon request.
InvestingPro Insights
As Hubbell Inc's (NYSE:HUBB) executives make moves in the stock market, investors and analysts look to various metrics to gauge the company's performance and prospects. According to real-time data from InvestingPro, Hubbell Inc has a robust Market Cap of approximately $21.01 billion. This valuation comes alongside a Price/Earnings (P/E) Ratio of 29.14, which adjusts slightly to 28.55 when considering the last twelve months as of Q1 2024. This suggests that the company is trading at a value that reflects its near-term earnings growth.
InvestingPro Tips indicate that Hubbell Inc has a strong track record when it comes to dividends, having raised its dividend for 16 consecutive years and maintained dividend payments for 54 consecutive years. This consistency could be appealing to investors looking for stable dividend income. Additionally, the company's cash flows are robust enough to sufficiently cover interest payments, a sign of financial health that may reassure investors concerned about the company's ability to manage its debt.
For those seeking more in-depth analysis, there are additional InvestingPro Tips available that could provide further insights into Hubbell Inc's financial health and market performance. For instance, the company has been profitable over the last twelve months and has experienced a significant price uptick over the last six months, with a 40.81% price total return in that period. These metrics underscore the company's recent financial success and could be of interest to potential investors.
To access these insights and more, investors can visit InvestingPro for a comprehensive look at Hubbell Inc's performance metrics. For a limited time, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 15 additional InvestingPro Tips listed in InvestingPro, there's a wealth of information awaiting those looking to make informed investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.