Russell Investments Group Ltd. Boosts Holdings in Hubbell Inc $HUBB

Russell Investments Group Ltd. lifted its holdings in Hubbell Inc (NYSE:HUBB) by 28.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,582 shares of the industrial products company’s stock after purchasing an additional 17,510 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of Hubbell worth $33,804,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HUBB. PFG Advisors boosted its position in Hubbell by 9.2% in the 3rd quarter. PFG Advisors now owns 13,891 shares of the industrial products company’s stock valued at $5,977,000 after buying an additional 1,168 shares during the period. Vinva Investment Management Ltd boosted its holdings in Hubbell by 37.6% in the third quarter. Vinva Investment Management Ltd now owns 4,841 shares of the industrial products company’s stock valued at $2,064,000 after purchasing an additional 1,322 shares during the period. Parallel Advisors LLC boosted its holdings in Hubbell by 4.8% in the third quarter. Parallel Advisors LLC now owns 699 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 32 shares during the period. Natixis Advisors LLC grew its stake in Hubbell by 17.9% during the 3rd quarter. Natixis Advisors LLC now owns 41,428 shares of the industrial products company’s stock worth $17,827,000 after purchasing an additional 6,290 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in Hubbell during the 3rd quarter worth $2,794,000. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Stock Performance

Shares of HUBB opened at $477.96 on Thursday. The company has a market capitalization of $25.41 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.42 and a beta of 1.00. Hubbell Inc has a 52-week low of $299.42 and a 52-week high of $533.80. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average price of $493.40 and a 200 day moving average price of $457.12.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company earned $4.10 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Research analysts predict that Hubbell Inc will post 17.63 EPS for the current fiscal year.

Hubbell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. Hubbell’s payout ratio is 34.07%.

Insider Activity at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 2,601 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $523.73, for a total value of $1,362,221.73. Following the completion of the transaction, the insider owned 2,592 shares in the company, valued at $1,357,508.16. This represents a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Nero Jonathan M. Del sold 2,245 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the transaction, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. The trade was a 44.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,689 shares of company stock valued at $17,407,395 in the last ninety days. 0.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of analyst reports. Evercore increased their price target on Hubbell from $575.00 to $585.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Mizuho set a $575.00 price objective on Hubbell in a research report on Wednesday, February 4th. Morgan Stanley upped their target price on shares of Hubbell from $515.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Barclays raised their target price on shares of Hubbell from $465.00 to $481.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hubbell in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hubbell has an average rating of “Moderate Buy” and an average price target of $536.00.

Hubbell Company 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.