HUBB - Hubbell Vice President Trades Company's Stock | Benzinga
onathan M. Del Nero, Vice President at Hubbell (NYSE:HUBB), executed a substantial insider sell on February 6, according to an SEC filing.
What Happened: Nero's decision to sell 1,098 shares of Hubbell was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the sale is $387,303.
As of Wednesday morning, Hubbell shares are up by 0.11%, currently priced at $350.65.
Get to Know Hubbell Better
Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments: electrical and power systems. The consolidated business sells about two thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.
Hubbell: A Financial Overview
Revenue Challenges: Hubbell's revenue growth over 3 months faced difficulties. As of 31 December, 2023, ...