Mark Mikes, President of Electrical Solutions at Hubbell Inc (HUBB, Financial), executed a sale of 1,942 shares of the company on May 13, 2024. The transaction was filed on the same day with the SEC. Following this transaction, the insider has sold a total of 5,221 shares over the past year, with no recorded purchases.
Hubbell Inc, listed under the symbol HUBB, operates in the manufacturing of electrical and electronic products for a wide range of residential, non-residential, industrial, and utility applications. The company's shares were priced at $401.34 on the day of the sale, bringing its market cap to approximately $21.73 billion.
The price-earnings ratio of Hubbell Inc stands at 30.18, which is above both the industry median of 23.39 and the company's historical median. This valuation metric suggests a premium compared to its peers and its own past performance.
According to the GF Value, an intrinsic value estimate by GuruFocus, Hubbell Inc is currently significantly overvalued with a price-to-GF-Value ratio of 1.34. The GF Value of $300.41 is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
Over the past year, Hubbell Inc has seen more insider selling than buying, with 14 sells and only 3 buys among insiders. This trend in insider transactions might be of interest to current and potential investors.
For more detailed information, you can view the full SEC filing of the insider transaction. Further insights into Hubbell Inc's stock performance and valuation can be accessed on the GuruFocus website.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
