Plato Investment Management Ltd bought a new position in shares of Hubbell Inc (NYSE:HUBB – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,338 shares of the industrial products company’s stock, valued at approximately $696,000.
Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. grew its holdings in shares of Hubbell by 165.0% during the first quarter. Pinnacle Bancorp Inc. now owns 53 shares of the industrial products company’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Raiffeisen Bank International AG raised its holdings in shares of Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Hubbell in the 1st quarter worth about $33,000. DV Equities LLC bought a new position in Hubbell in the 4th quarter valued at about $33,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Hubbell in the 3rd quarter valued at about $33,000. 88.16% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
HUBB has been the subject of a number of recent research reports. Barclays boosted their price objective on Hubbell from $481.00 to $503.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Wells Fargo & Company raised their target price on Hubbell from $530.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Weiss Ratings downgraded Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $554.38.
Hubbell Price Performance
Hubbell stock opened at $484.45 on Wednesday. Hubbell Inc has a 52 week low of $403.82 and a 52 week high of $565.50. The company’s 50 day moving average price is $495.82 and its two-hundred day moving average price is $498.90. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The stock has a market cap of $25.59 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.51 and a beta of 0.90.
Hubbell (NYSE:HUBB – Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.39 by $0.13. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%.Hubbell’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.93 earnings per share. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities analysts predict that Hubbell Inc will post 20.41 earnings per share for the current year.
Hubbell Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio is 33.63%.
Insider Transactions at Hubbell
In other news, VP Nero Jonathan M. Del sold 547 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares of the company’s stock, valued at $1,520,936.48. This trade represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.63% of the stock is owned by company insiders.
Hubbell Profile
Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.
The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.
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