Tidal Investments LLC Purchases 68,958 Shares of Hubbell Inc $HUBB

Tidal Investments LLC lifted its position in shares of Hubbell Inc (NYSE:HUBBFree Report) by 112.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,013 shares of the industrial products company’s stock after buying an additional 68,958 shares during the period. Tidal Investments LLC owned about 0.25% of Hubbell worth $68,023,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Corient Private Wealth LP acquired a new position in shares of Hubbell during the 2nd quarter worth approximately $4,254,000. DNB Asset Management AS boosted its holdings in shares of Hubbell by 4.9% in the 4th quarter. DNB Asset Management AS now owns 38,865 shares of the industrial products company’s stock valued at $17,260,000 after buying an additional 1,832 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Hubbell in the second quarter valued at $7,648,000. Swedbank AB raised its position in Hubbell by 19.2% during the first quarter. Swedbank AB now owns 32,380 shares of the industrial products company’s stock worth $15,890,000 after acquiring an additional 5,218 shares in the last quarter. Finally, Troy Asset Management Ltd lifted its stake in Hubbell by 60.7% in the fourth quarter. Troy Asset Management Ltd now owns 551,620 shares of the industrial products company’s stock valued at $244,980,000 after acquiring an additional 208,327 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HUBB. Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a research note on Wednesday, July 29th. Wall Street Zen lowered Hubbell from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group restated a “neutral” rating and issued a $515.00 price target on shares of Hubbell in a research note on Tuesday, June 16th. Morgan Stanley lifted their price objective on shares of Hubbell from $565.00 to $575.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 2nd. Finally, Robert W. Baird initiated coverage on shares of Hubbell in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $555.00.

Get Our Latest Analysis on Hubbell

Hubbell Stock Down 2.0%

HUBB stock opened at $455.38 on Thursday. Hubbell Inc has a fifty-two week low of $403.82 and a fifty-two week high of $565.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.61 and a quick ratio of 0.93. The stock has a market capitalization of $24.06 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.27 and a beta of 0.89. The business’s fifty day moving average price is $481.68 and its two-hundred day moving average price is $493.81.

Hubbell (NYSE:HUBBGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 EPS for the quarter, beating the consensus estimate of $5.39 by $0.13. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the company posted $4.93 earnings per share. Hubbell’s revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. On average, equities analysts anticipate that Hubbell Inc will post 20.43 earnings per share for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell’s dividend payout ratio (DPR) is currently 33.63%.

Insider Activity

In related news, VP Jonathan Del Nero sold 547 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares in the company, valued at approximately $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.63% of the company’s stock.

Hubbell Company Profile

(Free Report)

Hubbell Incorporated (NYSE: HUBB) is a manufacturer of electrical and utility products used to build, connect, protect and maintain electrical systems. The company serves electric utilities, electrical contractors, distributors, telecommunications providers, industrial businesses and commercial customers.

Hubbell operates through two principal business areas: Utility Solutions and Electrical Solutions. Its product portfolio includes components for electric transmission, distribution and substation applications, as well as connectors, insulators, arresters, grounding and bonding equipment, wiring devices, lighting products, enclosures and other electrical system products.

See Also

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Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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